Shanghai Composite Drops 1.11% Amid Bearish Sentiment; Yonghui Superstores Soars 10.1%
The China Shanghai Composite Index has faced significant declines, dropping 1.11% today and 4.15% over the past month, highlighting persistent market challenges. The advance-decline ratio reveals a stark imbalance, with only 854 stocks advancing against 4,109 declining. Large-cap, mid-cap, and small-cap stocks all struggled, particularly small-caps, which had a ratio of 0.16. Notable performers included Yonghui Superstores and Hubei Jiuzhiyang, while Risen Energy and Jiangsu Jingxue were among the worst performers, reflecting a broader trend of market weakness across various sectors.
The China Shanghai Composite Index experienced a notable decline, falling by 1.11% today and 1.25% over the past five days. Over the last month, the index has dropped by 4.15%, reflecting ongoing market challenges. In terms of market performance, the advance-decline ratio indicates a significant imbalance, with 854 stocks advancing compared to 4,109 declining, resulting in an overall ratio of 0.21. Large-cap stocks showed a similar trend, with 265 advancing against 1,043 declining, yielding a ratio of 0.25. Mid-cap stocks also faced pressure, with 226 advancing and 927 declining, while small-cap stocks struggled the most, with only 259 advancing versus 1,641 declining, leading to a ratio of 0.16.
Among the notable performers, Yonghui Superstores Co., Ltd. led large-cap stocks with a return of 10.1%. In the mid-cap category, Hubei Jiuzhiyang Infrared System Co., Ltd. achieved a remarkable return of 20.0%. Small-cap stocks saw VanJee Technology Co., Ltd. excel with a return of 20.02%. Conversely, Risen Energy Co., Ltd. and Jiangsu Jingxue Insulation Technology Co., Ltd. were the worst performers in their respective categories, with returns of -11.44% and -11.87%.
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