Shanghai Composite Falls 0.97% Amid 0.63x Advance/Decline Ratio; Nanjing Hicin Soars 19.99%
The China Shanghai Composite Index fell by 0.97% today, reflecting a minor decline of 0.18% over the past week, despite a robust 3.24% increase over the last month. In the large-cap sector, Addsino Co., Ltd. led with a 10.06% gain, while Biwin Storage Technology Co., Ltd. struggled with a 10.96% loss. Mid-cap and small-cap stocks exhibited similar trends, with Nanjing Hicin Pharmaceutical Co., Ltd. rising by 19.99% and ShuYu Civilian Pharmacy Corp., Ltd. by 20.03%. Overall, market breadth was negative, with more stocks declining than advancing, particularly in the large-cap segment.
The China Shanghai Composite Index experienced a decline of 0.97% today, marking a slight decrease of 0.18% over the past five days. However, the index has shown resilience with a notable increase of 3.24% over the last 30 days. In the large-cap segment, Addsino Co., Ltd. emerged as the top performer with a return of 10.06%, while Biwin Storage Technology Co., Ltd. faced challenges, recording a decline of 10.96%. The mid-cap sector saw Nanjing Hicin Pharmaceutical Co., Ltd. leading with a return of 19.99%, contrasted by Toyou Feiji Electronics Co., Ltd., which fell by 12.08%.
Small-cap stocks also displayed volatility, with ShuYu Civilian Pharmacy Corp., Ltd. achieving a return of 20.03%, while Jilin OLED Material Tech Co., Ltd. dropped by 10.66%.
Overall, the advance-decline ratio across the market indicated that 1,874 stocks advanced compared to 2,994 that declined, resulting in a ratio of 0.63. In the large-cap category, only 287 stocks advanced against 1,000 that declined, yielding a ratio of 0.29. Mid-cap stocks showed a slightly better performance with 380 advancing and 754 declining, while small-cap stocks had a balanced ratio of 1.0, with 926 advancing and 930 declining.
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