Shanghai Composite Rises 0.36% as CSPC Innovation Soars 11.44% Amid Strong Market Sentiment
The China Shanghai Composite Index rose by 0.36% today, reflecting a slight recovery despite a 1.43% decline over the past month, highlighting ongoing market volatility. A strong bullish sentiment is evident, with a significant advance-decline ratio of 5.08 across all stocks, driven by robust performances in small-cap stocks, which had a ratio of 7.18. Notable gainers included Wuhan Ligong Guangke Co., Ltd. with a 20.01% return, while Shenzhen Techwinsemi Technology Co., Ltd. and Cubic Digital Technology Co., Ltd. faced losses of -7.01% and -10.08%, respectively.
The China Shanghai Composite Index experienced a modest increase of 0.36% today, reflecting a slight uptick of 0.03% over the past five days. However, the index remains down by 1.43% over the last 30 days, indicating ongoing volatility in the market.In terms of market performance, the advance-decline ratio across all stocks shows a strong bullish sentiment, with 4,137 stocks advancing compared to 814 declining, resulting in a ratio of 5.08. Large-cap stocks also demonstrated positive momentum, with 1,024 advancing against 271 declining, yielding a ratio of 3.78. Mid-cap stocks followed suit, with 965 advancing and 192 declining, achieving a ratio of 5.03. Small-cap stocks led the way, boasting 1,665 advancing stocks versus 232 declining, resulting in a robust ratio of 7.18.
Among the top performers, Wuhan Ligong Guangke Co., Ltd. in the small-cap sector led with a return of 20.01%, while HUANLEJIA Food Group Co., Ltd. topped the mid-cap category with a return of 15.9%. Conversely, Shenzhen Techwinsemi Technology Co., Ltd. and Cubic Digital Technology Co., Ltd. were the worst performers in the large-cap and small-cap categories, with returns of -7.01% and -10.08%, respectively.
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