Shanghai Composite Falls 0.64% Amid 0.45 Advance-Decline Ratio; Fujian Cosunter Soars 12.94%

6 hours ago
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The China Shanghai Composite Index fell by 0.64% today and 1.02% over the past week, despite a 1.3% rise in the last month, indicating mixed market sentiment. Large-cap stocks showed volatility, with Fujian Cosunter Pharmaceutical Co. gaining 12.94%, while Shenzhen S.C New Energy Technology Corp. dropped 12.39%. Mid-cap and small-cap stocks also reflected this trend, with Omnijoi Media Corp. up 11.51% and Strait Innovation Internet Co. soaring 20%, contrasted by significant losses in other companies. Overall, the market's advance-decline ratio was low at 0.45x, highlighting a challenging environment for investors.
Shanghai Composite Falls 0.64% Amid 0.45 Advance-Decline Ratio; Fujian Cosunter Soars 12.94%
The China Shanghai Composite Index experienced a decline of 0.64% today, marking a 1.02% drop over the past five days. However, the index has shown resilience with a 1.3% increase over the last 30 days.
In the large-cap segment, Fujian Cosunter Pharmaceutical Co., Ltd. emerged as the top performer, boasting a return of 12.94%. Conversely, Shenzhen S.C New Energy Technology Corp. faced challenges, recording a return of -12.39%. Mid-cap stocks saw Omnijoi Media Corp. leading with an 11.51% return, while Wuxi Taclink Optoelectronics Technology Co., Ltd. struggled with a return of -11.36%. Small-cap stocks were highlighted by Strait Innovation Internet Co., Ltd., which achieved a remarkable 20% return, while SGSG Science & Technology Co., Ltd. Zhuhai faced a significant downturn with a return of -20%. Overall, the market's advance-decline ratio indicates that 1,527 stocks advanced against 3,372 that declined, resulting in a ratio of 0.45x. This trend was mirrored across large-cap, mid-cap, and small-cap stocks, reflecting a challenging day for investors.

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