On March 2, China’s A-share market opened lower and experienced divergent trends, eventually closing mixed, with the total turnover of the two markets surging to exceed 3 trillion yuan. The market traded narrowly in the morning, and the Shanghai Composite Index turned red and rose before noon. In the afternoon, driven by the daily limit of PetroChina, the increase expanded. The ChiNext Index once turned up but then pulled back, while the Sci-Tech Innovation 50 Index performed weakly.

By the close, the Shanghai Composite Index rose 0.47% to 4182.59 points; the Shenzhen Component Index fell 0.2% to 14465.79 points; the ChiNext Index fell 0.49% to 3294.16 points; the Sci-Tech Innovation 50 Index fell 1.56% to 1464.77 points. In terms of trading volume, the total turnover of the Shanghai and Shenzhen stock markets reached 3.0207 trillion yuan, an increase of 532.6 billion yuan from the previous trading day, of which the Shanghai market traded 1.3459 trillion yuan and the Shenzhen market traded 1.6748 trillion yuan.

Sector performance showed distinct differentiation. Affected by geopolitics, the oil and gas, and gold sectors set off a daily limit wave. The “Big Three Oil Companies” all hit the daily limit. PetroChina hit a nearly 11-year high, while CNOOC and Sinopec also refreshed their phased highs. More than 20 stocks in the related industrial chain hit the daily limit or rose more than 10%. The coal, shipping, chemical, and military sectors rose sharply simultaneously, and concept stocks such as CPO and photovoltaic were active.

At the same time, sectors such as AI applications, fintech, and semiconductors adjusted. Media stocks led the decline in the market, with many stocks falling more than 6%; the social services and commercial retail sectors performed poorly, with many related stocks falling more than 5%. In terms of individual stock performance, a total of 1,141 stocks in the two markets and the Beijing Stock Exchange rose, 4,277 stocks fell, 138 stocks rose more than 9%, and 27 stocks fell more than 9%, indicating weak market profit-making effect.