China Shanghai Composite Dips 0.23% as Yonghui Superstores Soars 10.11% Amid Market Struggles
The China Shanghai Composite Index fell 0.23%, continuing a downward trend with a 2.94% decline over the past month. In the large-cap sector, Yonghui Superstores Co., Ltd. led with a 10.11% gain, while Dawning Information Industry Co., Ltd. dropped 10.0%. Mid-cap stocks showed mixed results, with Guizhou Xinbang Pharmaceutical Co., Ltd. rising 10.08% and Shenzhen Tianyuan DIC Information Technology Co., Ltd. declining 14.97%. Small-cap stocks struggled overall, highlighted by Hainan Shennong Technology Co. Ltd.'s 20.07% gain against Guangdong Champion Asia Electronics Co., Ltd.'s 9.98% loss. The overall market showed more decliners than advancers, particularly in small-cap stocks.
The China Shanghai Composite Index experienced a slight decline today, down 0.23%, continuing a downward trend with a 0.06% drop over the past five days and a more significant 2.94% decrease over the last month. In the large-cap sector, Yonghui Superstores Co., Ltd. emerged as the top performer, achieving a return of 10.11%, while Dawning Information Industry Co., Ltd. faced challenges, recording a decline of 10.0%. Mid-cap stocks saw Guizhou Xinbang Pharmaceutical Co., Ltd. leading with a return of 10.08%, contrasted by Shenzhen Tianyuan DIC Information Technology Co., Ltd., which fell by 14.97%.
Among small-cap stocks, Hainan Shennong Technology Co. Ltd. stood out with a remarkable return of 20.07%, while Guangdong Champion Asia Electronics Co., Ltd. struggled, declining by 9.98%.
Overall, the market's advance-decline ratio indicates a challenging environment, with 2,258 stocks advancing against 2,598 declining, resulting in a ratio of 0.87x. Large-cap stocks fared better with a ratio of 1.75x, while mid-cap stocks were nearly balanced at 1.05x. Small-cap stocks, however, faced significant pressure, with a ratio of 0.53x.
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