A-shares closing review: Shanghai Composite Index drops 0.74%, narrowly holding above 3,900 points, with over 4,300 stocks declining across the market

As of the close, the Shanghai Composite Index fell 0.74% to 3,919.29 points, the Shenzhen Component Index dropped 1.6% to 13,486.94 points, the ChiNext Index declined 2.31% to 3,172.65 points, and the CSI 50 Index rose 0.3% to 1,281.91 points. The total market turnover was 1.8577 trillion yuan, a decrease of 167 billion yuan compared to the previous day’s turnover. In terms of sectors and themes, oil and gas, pork sectors led the gains; computing power and film and television theater sectors led the declines. In the market, the oil and gas sector opened high and continued to rise, with China Oil Engineering, Blue Flame Holdings, and Beiken Energy hitting the daily limit. On the news front, after Trump made a speech about Iran war, WTI crude oil broke through $103 per barrel, rising 4.07% intraday. Brent crude oil surged $4 intraday, currently at $102.86 per barrel, up 4.06%. The pork sector strengthened, with Superstar Agriculture hitting the daily limit, and Dayu Biological rising over 7%. On the news front, the Ministry of Commerce and other departments launched central reserve frozen pork storage. The computing power sector weakened, with Jinkai New Energy, Qunxing Toys, and UCloud dropping over 8%, and the film and television theater sector continued to decline, with Jinyi Film hitting the limit down, and Huayi Brothers and Baina Qiancheng falling over 4%.