A-share market closing review | A-shares hit bottom and rebound! Sci-Tech Innovation 50 defies the trend with a 1.47% rise in closing prices. Companies with poor performance are facing punishment under the "demon-revealing mirror".

On April 24th, A-shares hit bottom and rebounded, with the three major indexes narrowing their losses in the afternoon, while the ChiNext Index had previously fallen by more than 2.5%. By the close of trading, the Shanghai Composite Index fell by 0.33%, the Shenzhen Component Index fell by 0.69%, and the ChiNext Index fell by 1.41%. Worth noting is the standout performance of the "Science and Technology Innovation 50 Index" which rose against the trend by 1.47%. Even more enviable is the new stock N Linkage, which surged nearly 10 times during the trading day, earning nearly four hundred thousand profit with just one contract. As for why the market fell so badly today? Market analysis believes it is due to a double blow of "earnings mirror" and "profit-taking". The end of the month is a period of high incidence for the disclosure of "ghost stories" in annual and quarterly reports. Stocks with lower-than-expected performance are directly dumped by funds as garbage; coupled with the fact that those high-flying stocks in AI computing power have risen too sharply, the main players took the opportunity to "withdraw profits" and secure their gains. In addition, the chaos in oil prices has forced funds to seek refuge in oil, gas, and coal stocks, which serve as "bunkers", essentially meaning that excessive gains need to be repaid and poor performance will be punished. Looking at the market, the semiconductor industry chain continued to rise, with Hua Hong Semiconductor and Jiangsu Zongyi hitting the limit up or rising by more than 10%; Huawei Ascend and domestic AI computing power concepts surged against the trend, with Shenzhen Huaqiang Industry and Maxvision Technology Corp. hitting the limit up; the lithium battery industry chain showed strength throughout the day, with lithium mines, solid-state batteries, and graphite electrodes leading the way in terms of gains, with Chengxin Lithium Group, Jinyuan EP Co., Ltd., among others, hitting the limit up; the chemical industry sector as a whole was up, with companies like Jiangsu Jiangnan High Polymer Fiber, Guangdong Tianhe Agricultural Means Of Production, and Jiangsu Sanfame Polyester Material hitting the limit; the industrial gas concept was active, with companies like Shuifa Gas Co., Ltd. and Guangdong Huate Gas Co., Ltd. hitting the limit up. Additionally, the ophthalmology, sports, and PCB sectors also showed some positive performance during intraday trading. On the downside, the computing hardware concepts like optical modules, optical fiber cables, and high-speed copper cables fell again, with Eoptolink Technology Inc., and Shenzhen MTC Co. Ltd. hitting the limit down or falling by more than 10%; the commercial aerospace concept shook back, with Hubei Jiuzhiyang Infrared System, Chengdu RML Technology falling by more than 10%, and Western Metal Materials hitting the limit down; pork stocks fell, with Tech-bank Food, and Fujian Aonong Biological Technology Group Incorporation falling by more than 9%; the film and television media and gaming concepts shook back, with Perfect World hitting the limit down, and Bona Film Group falling by more than 7%; oil and gas stocks were down, with Tong Petrotech Corp. and Xinjiang Zhundong Petroleum Technology falling by more than 5%; the trend of power and grid equipment sectors was weak, with Newonder Special Electric falling by more than 10% and Zhejiang Provincial New Energy Investment Group approaching the limit down. Additionally, precious metals, paper, tourism hotels, and other sectors performed poorly. Looking ahead, China Securities Co., Ltd. stated that the peripheral disturbances on A-shares have contin...