China's Shanghai Composite Rises 0.73% as Advance-Decline Ratio Hits 2.86!
The China Shanghai Composite Index rose by 0.73%, marking a 3.6% increase over the past month and a 0.8% gain in the last week, indicating a positive market trend. The advance-decline ratio reflects strong market sentiment, with 3,619 stocks advancing versus 1,265 declining. Large-cap stocks outperformed with a ratio of 3.27, while mid and small caps also showed robust gains. Notable performers included Sineng Electric and Jiangxi Fushine, both achieving returns of around 20%, while Gambol Pet Group and Greattown Holdings lagged with losses.
The China Shanghai Composite Index experienced a positive day, rising by 0.73%, and reflecting a notable increase of 3.6% over the past 30 days. In the last five days alone, the index has gained 0.8%, indicating a steady upward trend in the market.In terms of market performance across different capitalizations, the advance-decline ratio shows a robust market sentiment, with 3,619 stocks advancing compared to 1,265 declining, resulting in an overall ratio of 2.86. Large-cap stocks demonstrated even stronger performance, with 989 advancing against 302 declining, yielding a ratio of 3.27. Mid-cap stocks also fared well, with 859 advancing and 276 declining, leading to a ratio of 3.11. Small-cap stocks had 1,392 advancing and 476 declining, resulting in a ratio of 2.92.
Among the top performers, Sineng Electric Co., Ltd. led large caps with a return of 20.0%, while Jiangxi Fushine Pharmaceutical Co., Ltd. topped mid caps with a return of 20.03%. In the small-cap sector, Shenzhen L&A Design Holding Ltd. also achieved a return of 20.0%. Conversely, Gambol Pet Group Co., Ltd. and Greattown Holdings Ltd. were the worst performers in their respective categories, with returns of -5.0% and -6.04%.
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