On July 18, 2023, stock index futures fluctuated in a narrow range. The main contract of the Shanghai and Shenzhen 300 stock index futures (IF) fell 0.05%, the main contract of the Shanghai Securities 50 Stock Index Futures (IH) fell 0.04%, the main contract of the China Securities 500 Stock Index Futures (IC) fell 0.02%, and the main contract of the China Securities 1000 Stock Index Futures (IM) rose 0.17%.
On July 18, the market fluctuated and adjusted throughout the day, and all three major indices fell slightly. On the market, individual stocks in the automobile industry chain bucked the trend and strengthened in the afternoon. Xingyuan Zhuomei rose and stopped by 20CM, while Yaxing Bus, Jiangling Motors, and Wencan shares rose and stopped. The semiconductor sector opened higher, Chiplet led the way, and Kangqiang Electronics and Jingfang Technology rose and stopped. Retail stocks fluctuated intraday, rising and stopping at the Central Shopping Mall. Chemical stocks were active in the intraday market. Chuan Jinnuo rose more than 10%, and Six Nations Chemical stopped rising for a while. On the downside, AI concept stocks fell into an adjustment, with data leading the decline, with Yinxin Technology and Xinhuanet falling more than 5%. Overall, the rise in individual stocks is roughly the same as the number of companies that have fallen. The turnover of the Shanghai and Shenzhen markets today was 777.1 billion yuan, down 25.5 billion dollars from the previous trading day. The turnover fell below 800 billion yuan again. In terms of sectors, sectors such as integrated die casting, automotive, Chiplet, and retail registered the highest gains, while sectors such as cybersecurity, data elements, media, and virtual power plants registered the highest declines. At the close, the Shanghai index fell 0.37%, the Shenzhen index fell 0.34%, and the GEM index fell 0.31%.