China Shanghai Composite Dips 0.06% as Advance-Decline Ratio Plummets to 0.38
The China Shanghai Composite Index fell by 0.06%, continuing a downward trend with a 0.33% decline over five days and a 2.13% drop in the past month. In large-cap stocks, Xiamen Intretech, Inc. gained 10.02%, while Fibocom Wireless, Inc. dropped 6.51%. Mid-cap stocks saw Hengerda New Materials lead with a 20.01% return, contrasting with Jianglong Shipbuilding's 11.44% loss. Small-cap stocks were similarly mixed, with Hangzhou CNCR-IT Co., Ltd. rising 20.0% and Cubic Digital Technology falling 16.74%. The overall market showed a challenging environment, with a low advance-decline ratio of 0.38.
The China Shanghai Composite Index experienced a slight decline of 0.06% today, continuing a downward trend with a decrease of 0.33% over the past five days and a more significant drop of 2.13% over the last month. In the large-cap segment, Xiamen Intretech, Inc. stood out as the top performer, achieving a return of 10.02%. Conversely, Fibocom Wireless, Inc. faced challenges, recording a decline of 6.51%.
Mid-cap stocks saw Hengerda New Materials (Fujian) Co., Ltd. leading with an impressive return of 20.01%, while Jianglong Shipbuilding Co., Ltd. struggled, posting a loss of 11.44%.
Among small-cap stocks, Hangzhou CNCR-IT Co., Ltd. emerged as a strong performer with a return of 20.0%, while Cubic Digital Technology Co., Ltd. faced a significant setback, declining by 16.74%.
Overall, the market's advance-decline ratio reflected a challenging environment, with 1,354 stocks advancing against 3,560 declining, resulting in a ratio of 0.38 across all market caps. The large-cap sector showed a ratio of 0.69, mid-caps at 0.43, and small-caps at a notably low 0.23.
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