China Shanghai Composite Rises 0.7% as Advancing Stocks Outnumber Decliners 4.51 to 1!
The China Shanghai Composite Index rose by 0.7%, indicating a slight recovery after a 1.67% decline over the past month. The market displayed strong bullish sentiment, with an advance-decline ratio of 4.51x, as 4,043 stocks advanced compared to 896 that declined. Large-cap, mid-cap, and small-cap stocks all showed positive performance, with mid-caps leading at a 5.66x ratio. Notable gainers included Shenzhen YSSTech and Suzhou Everbright, both achieving 20% returns, while Shenzhen H&T and Beijing Global Safety faced losses of -10% and -7%, respectively.
The China Shanghai Composite Index experienced a modest increase of 0.7% today, reflecting a slight recovery after a decline of 1.67% over the past month. Over the last five days, the index has shown a positive trend, rising by 0.37%. In terms of market performance, the advance-decline ratio indicates a strong bullish sentiment, with 4,043 stocks advancing compared to 896 declining, resulting in a ratio of 4.51x across the market. Large-cap stocks also demonstrated strength, with 996 advancing against 302 declining, yielding a ratio of 3.3x. Mid-cap stocks outperformed with 980 advancing and 173 declining, achieving a ratio of 5.66x, while small-cap stocks saw 1,580 advancing versus 309 declining, resulting in a ratio of 5.11x.
Among the top performers, Shenzhen YSSTech Information Technology Co., Ltd. and Suzhou Everbright Photonics Co., Ltd. both recorded a return of 20.0% in the large and mid-cap categories, respectively. In the small-cap sector, Chongqing Polycomp International Corp. led with a return of 20.03%. Conversely, Shenzhen H&T Intelligent Control Co., Ltd. and Beijing Global Safety Technology Co., Ltd. were the worst performers in their categories, with returns of -10.0% and -7.0%, respectively.
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