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On July 28, the A-share market witnessed a broad-based retreat at the opening bell, with all three major indices experiencing declines. The Shanghai Composite Index slipped by 0.91%, settling at 3,823.13 points, while the Shenzhen Component Index plummeted by 2.25%. Notably, the ChiNext Index took a steeper hit, dropping 3.12%. In terms of sectoral performance, the photolithography equipment sector bucked the trend, opening on a positive note. Conversely, the precious metals, memory chips, and CPO (Co-Packaged Optics) sectors emerged as the primary laggards, spearheading the market's downturn. Among the notable movers, Changxin Technology commenced trading with a significant 7.71% drop, opening at RMB 45.22 per share and boasting a market capitalization of around RMB 3.02 trillion.
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