Closing Report: Shanghai Composite Index rose by 0.5% to a new closing high for the year, with rare earth permanent magnet and other resource sectors showing collective strength.

The market fluctuated and differentiated throughout the day, with the Shanghai Composite Index hitting a new closing high for the year, while the ChiNext Index hit a new high for the year before falling back. The total turnover of the Shanghai and Shenzhen stock markets was 1.57 trillion yuan, an increase of 31.7 billion yuan from the previous trading day. On the market, the hot spots were relatively scattered, with the number of stocks rising and falling being basically equal. Looking at sectors, rare earth permanent magnet concept stocks collectively strengthened, with Huahong Technology hitting the limit up. Lithium mining stocks remained active, with Shengxin Lithium Energy hitting the limit up. The photolithography concept stocks saw late movement, with Haili Stock hitting the limit up. As for declines, CPO concept stocks rose and then fell back, with Yuanjie Technology falling by over 5%. In terms of sectors, rare earth permanent magnets, lithium mining, non-ferrous metals, and coal sectors led the gains, while gaming, photovoltaic, CPO, and consumer electronics sectors led the declines. At the close, the Shanghai Composite Index rose by 0.5%, the Shenzhen Component Index rose by 0.37%, and the ChiNext Index rose by 0.34%.