2025.02.18

On [specific date], the three major stock indices collectively closed lower. The Shanghai Composite Index closed at [specific point], down [specific percentage]%, the Shenzhen Component Index closed at [specific point], down [specific percentage]%, and the ChiNext Index closed at [specific point], down [specific percentage]%. According to statistics, more than [specific number] stocks across the market declined, with the total trading volume for the day reaching [specific amount] trillion yuan.

On the market, concept stocks experienced a deep correction, with sectors such as healthcare, education, e-commerce, computing power, and low-altitude economy all declining. In contrast, the lithium battery industry chain bucked the trend and rose. The banking sector also defied the broader market downturn, with the stock prices of the four major banks hitting new intraday highs. By the close, Qilu Bank surged over %, while SPD Bank, Postal Savings Bank, Bank of China, and others also rose over %.

The lithium battery industry chain showed strong performance, with stocks like Nebula Instruments and Hwatsing Technology hitting the limit-up (20%), and others such as Shanshan Co., Yema Battery, and Longpan Technology also reaching the limit-up. Concept stocks experienced a deep correction, with companies like Dian Diagnostics, Jiafa Education, and Jiahe Meikang dropping more than [specific percentage not provided]%. Media and entertainment stocks continued to retreat, with Enlight Media briefly falling over [specific percentage not provided]%.

In terms of fund flows, the main funds saw a net inflow into sectors such as banking, power equipment, machinery, and automobiles throughout the day, while experiencing a net outflow from media, telecommunications, electronics, and commercial retail sectors. Specifically, at the individual stock level, Hainan Huatie, Zhewen Interconnected, and Huasheng Tiancheng received net inflows of . billion yuan, . billion yuan, and . billion yuan, respectively. On the outflow side, Inspur Information, Zhejiang Digital Culture, and ZTE Corporation saw net outflows of . billion yuan, . billion yuan, and . billion yuan.

In terms of institutional market views, Guoyuan Securities stated that the market is undergoing a strong consolidation, building momentum for further upward movement. Shenwan Hongyuan believes the broader market will continue its moderate, oscillating upward trend. Zhongtai Securities pointed out that the Shanghai Composite Index has now entered a previous zone of heavy trading volume, where the strength of bullish forces may not support widespread rapid gains. Coupled with the substantial increases seen in previously strong thematic sectors, there is now profit-taking pressure. Today, certain funds have increased their holdings in niche sectors with clear earnings growth potential, such as automotive safety components. Investors are advised to closely monitor the sustainability of this trend.