Close Review: Shanghai Index Falls 3.63% on Increased Volume, Coal Sector Strengthens Against the Trend

MetaMuskRat · 2026-03-24T14:59:23+00:00

On March 23rd, the three major A-share indices opened and closed lower, with the Shanghai Composite Index declining 3.63%. Coal and green power concept stocks rose against the trend, with multiple individual stocks hitting daily limits. Gold stocks fell significantly, with over 5,100 individual stocks declining across the market, and transaction volume exceeding 2.4 trillion yuan.

MetaMuskRat

2026-03-24 14:59:23

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People’s Financial News, March 23 — On March 23, the three major A-share indices opened lower and continued to decline. By the close, the Shanghai Composite Index fell 3.63%, the Shenzhen Component Index dropped 3.76%, and the ChiNext Index declined 3.49%. In the market, the coal sector defied the trend and strengthened, with Yunmei Energy and Liaoning Energy hitting the daily limit. The green power concept was actively rebounding, with China Power Liaoning Energy hitting six consecutive limits. The photovoltaic concept also showed resilience, with Huamin Shares, TuoRi New Energy, and Chint Power all hitting the daily limit. Gold stocks fell sharply, with Chifeng Gold and Sichuan Gold hitting the limit down. Sectors such as hotel and catering, tourism, agriculture, education, and PCB also saw significant declines. Over 5,100 stocks in the entire market declined, with a trading volume exceeding 2.4 trillion yuan, increasing compared to the previous trading day.

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