The three major A-share indices open lower collectively, with oil and gas stocks soaring

2026-03-02 05:36:21

Abstract generation in progress

On March 2nd, the Shanghai Composite Index opened down 0.27%, the Shenzhen Component Index down 1.16%, and the ChiNext Index down 1.61%. Oil and gas, precious metals, military industry and other sector indices led the gains, while AI, photovoltaic, and semiconductor sectors saw the largest declines.

In the early trading session, oil and gas stocks opened sharply higher, with China National Offshore Oil Corporation, Tongyuan Petroleum, Zhongman Petroleum, CNOOC Services, and Intercontinental Oil & Gas hitting the daily limit on their opening bids. Potential Hengxin and Xinjing Power also opened more than 10% higher. On the news front, international oil prices surged on Monday’s open, with Brent crude futures soaring 13% to $82 per barrel, and WTI crude futures rising over 10% to $75 per barrel.

Source: Cailian Press

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes