Shanghai Composite Plummets 2.48% Amid 0.17 Advance-Decline Ratio; Baoding Tianwei Soars 10.04%

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The China Shanghai Composite Index dropped 2.48% today and 3.26% over the past week, despite a 1.18% gain in the last month, indicating volatility in the market. The advance-decline ratio was heavily skewed, with only 712 stocks advancing compared to 4,268 declining. Large-cap stocks performed poorly, with a ratio of 0.12, while small caps fared slightly better at 0.21. Notable performers included Baoding Tianwei Baobian Electric Co. with a 10.04% gain, while Beijing E-hualu Information Technology saw a significant decline of 20%.
Shanghai Composite Plummets 2.48% Amid 0.17 Advance-Decline Ratio; Baoding Tianwei Soars 10.04%
The China Shanghai Composite Index experienced a notable decline, falling by 2.48% today and down 3.26% over the past five days. However, the index has shown some resilience, gaining 1.18% over the last 30 days.
In terms of market performance, the advance-decline ratio across all market capitalizations revealed that 712 stocks advanced while 4,268 declined, resulting in a ratio of 0.17. Large-cap stocks saw 144 advancing against 1,168 declining, with a ratio of 0.12. Mid-cap stocks had 142 advancing and 1,026 declining, yielding a ratio of 0.14. Small-cap stocks fared slightly better, with 327 advancing and 1,568 declining, resulting in a ratio of 0.21. Among the top performers, Baoding Tianwei Baobian Electric Co., Ltd. led large caps with a return of 10.04%, while Beijing E-hualu Information Technology Co., Ltd. struggled, posting a return of -20.0%. In the mid-cap sector, Beijing SOJO Electric Co., Ltd. excelled with a return of 16.58%, while Piesat Information Technology Co., Ltd. faced a decline of -20.01%. Small-cap stocks saw Shanghai CEO Environmental Protection Technology Co., Ltd. rise by 20.0%, contrasting with FS Development Investment Holdings, which fell by -19.36%.

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