The Chinese stock market closed with modest gains on Thursday, as the three major indices experienced slight upward movement amid reduced trading volumes. Over 4,200 stocks advanced across the market, with more than 100 hitting their daily limit-up. The Shanghai and Shenzhen markets recorded a combined turnover of 2.2 trillion yuan, down 458 billion yuan from the previous session.
Sector-wise, the electric grid equipment sector saw significant gains, with companies like Shuangjie Electric and China XD Electric hitting limit-up. The lithium mining sector also strengthened, with Guocheng Mining and Shengxin Lithium Energy reaching limit-up. The power sector remained active, highlighted by Lixin Energy's six consecutive limit-ups. Conversely, the semiconductor sector faced declines, with Hua Hong Semiconductor dropping over 12%. By the close, the Shanghai Composite Index rose 0.25%, the Shenzhen Component Index gained 0.44%, and the ChiNext Index increased by 0.25%.
Chinese Stock Market Closes with Gains Amid Broad Rally
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