The A-share market experienced fluctuations on July 15, with the STAR 50 Index opening high but closing over 4% lower. The ChiNext Index also saw volatility, initially surging before dropping over 1%. The combined turnover for the Shanghai and Shenzhen stock markets was 2.57 trillion yuan, marking a contraction of 132.8 billion yuan from the previous day.
Despite the overall market downturn, the pharmaceutical and consumer sectors showed strong performance. Companies like Borui Pharmaceutical, Dizal Pharmaceutical, and Ruizhi Pharmaceutical hit the 20% daily limit up, while Harbin Pharmaceutical Co., Ltd. achieved its fourth consecutive limit up. The baijiu and retail sectors also saw gains, with Gujing Distillery and Xinhua Department Store reaching limit up. Conversely, the semiconductor sector faced significant declines, with several companies, including Demingli and Qiangyi Co., Ltd., falling over 10%. By the close, the Shanghai Composite Index fell 0.29%, the Shenzhen Component Index dropped 0.97%, and the ChiNext Index decreased by 1.21%.
STAR 50 Index Drops Over 4% as A-Share Market Sees Mixed Performance
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