Closing Summary: The ChiNext Index tested the bottom and rebounded, down 0.64%; computing power leasing and power grid equipment concepts collectively rose.

Ask AI · Power grid equipment hits a new historical high—what are the industry tailwinds?

【Market Wrap: The ChiNext Index dips to the bottom and then rebounds, down 0.64%; computing power leasing and power grid equipment concepts rise across the board】 Caixin News, March 9—The market probed to the downside and then rebounded throughout the day, with declines in the three major indices narrowing significantly. The ChiNext Index and the Shenzhen Component Index once fell by more than 3% intraday. The combined turnover on the Shanghai and Shenzhen markets was 2.65 trillion yuan, up by 447.4 billion yuan from the previous trading day. More than 3,900 stocks across the market fell. In terms of sectors, the computing power leasing concept surged rapidly, with Hongbo Shares, Tuowei Information, Hongjing Technology and several other stocks hitting their daily trading limits. The power sector also remained active: Shaoneng Shares logged two consecutive daily limits, and Yinxing Energy and GCL New Energy Technology also hit the daily trading limit. The power grid equipment concept strengthened against the trend, with State Power Nanzi and Sanbian Technology hitting their daily trading limits and both setting new historical highs. On the downside, the port shipping concept fell across the board, with COSCO Shipping Energy plunging. The oil and gas concept opened higher and then turned lower: Shufa Gas moved close to a limit-down intraday, while Zhunyou Petroleum and Intercontinental Oil & Gas blew out the limit and pulled back. By the close, the Shanghai Composite Index fell 0.67%, the Shenzhen Component Index fell 0.74%, and the ChiNext Index fell 0.64%.