China's Shanghai Composite Rises 0.71% as Advancing Stocks Outnumber Decliners 2,809 to 2,089
The China Shanghai Composite Index rose by 0.71% today, continuing a positive trend with a weekly gain of 2.88% and a 30-day increase of 2.51%. The market shows a healthy advance-decline ratio of 1.34, with large-cap stocks performing particularly well at 1.46. Notable top performers include Shannon Semiconductor Technology and Suzhou Jinfu Technology, both achieving returns of over 20%. In contrast, several companies, including Arcplus Group and Sinopec Oilfield Equipment, faced significant declines, highlighting a mixed performance across sectors.
The China Shanghai Composite Index experienced a modest increase of 0.71% today, reflecting a positive trend over the past week with a gain of 2.88%. Over the last 30 days, the index has risen by 2.51%, indicating a steady recovery in the market.In terms of market performance, the advance-decline ratio across all stocks shows 2,809 advancing against 2,089 declining, resulting in a ratio of 1.34. Large-cap stocks demonstrated a stronger performance with 770 advancing and 529 declining, yielding a ratio of 1.46. Mid-cap stocks also fared well, with 654 advancing versus 494 declining, while small-cap stocks had a tighter margin of 971 advancing and 899 declining.
Among the top performers, Shannon Semiconductor Technology Co., Ltd. led the large-cap sector with a return of 20.0%. In the mid-cap category, Suzhou Jinfu Technology Co., Ltd. also achieved a notable return of 20.07%. Meanwhile, Guangdong Kingshine Electronic Technology Co., Ltd. topped the small-cap sector with a return of 20.0%. Conversely, Arcplus Group Plc, Sinopec Oilfield Equipment Corp., and Hubei Guangji Pharmaceutical Co., Ltd. were the worst performers in their respective categories, with returns of -10.01%, -9.96%, and -10.05%.
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