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