The ChiNext Index fell by 3.23% as the A-share market closed with mixed results on July 22. The STAR 50 Index and Shenzhen Component Index initially surged but later retreated, with the latter declining by 1.42%. Total turnover on the Shanghai and Shenzhen exchanges reached 2.65 trillion yuan, a decrease of 303.7 billion yuan from the previous day.
Market activity was scattered, with over 3,800 stocks declining. The power sector defied the trend, with Lix New Energy achieving its fifth consecutive daily limit-up and Huayin Electric Power its fourth. The non-ferrous metals sector also saw gains, with Shengda Resources and Zhaojin Gold hitting daily limit-ups. Conversely, the memory chip sector struggled, as Demingli faced six limit-downs in eight days, and the PCB sector experienced volatility, with China Jushi hitting a limit-down.
ChiNext Index Drops Over 3% Amid Mixed A-Share Market Performance
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