Shanghai Composite Rises 0.7% as Sungrow Power Soars 15.44% Amid Mixed Market Sentiment
The China Shanghai Composite Index rose by 0.7%, marking a 1.67% increase over the past week and a 3.98% gain in the last month. Despite this overall positive trend, individual stock performances varied significantly. Large-cap stocks showed a favorable advance-decline ratio of 2.59x, led by Sungrow Power Supply's 15.44% gain, while Suzhou Zelgen Biopharmaceuticals fell by 12.97%. Mid-cap and small-cap stocks faced more challenges, with notable declines in Sino Medical Sciences and Jiayuan Science & Technology, reflecting a broader mixed market sentiment.
The China Shanghai Composite Index experienced a modest increase of 0.7% today, continuing its upward trend with a notable rise of 1.67% over the past five days and an impressive 3.98% gain over the last month. Despite this overall positive movement, the market showed a mixed performance among individual stocks.In the large-cap segment, Sungrow Power Supply Co., Ltd. emerged as the top performer with a return of 15.44%, while Suzhou Zelgen Biopharmaceuticals Co., Ltd. lagged behind, posting a decline of 12.97%. Mid-cap stocks also reflected this trend, with GuoChuang Software Co., Ltd. leading with a return of 12.64%, contrasted by Sino Medical Sciences Technology, Inc., which fell by 18.58%.
Small-cap stocks saw R&G PharmaStudies Co., Ltd. shine with a remarkable return of 20.0%, while Jiayuan Science & Technology Co., Ltd. struggled, recording a decline of 13.29%.
Overall, the advance-decline ratio across the market indicated that 2,298 stocks advanced compared to 2,575 that declined, resulting in a ratio of 0.89x. In the large-cap category, the ratio was more favorable at 2.59x, with 931 advancing stocks against 359 declining ones. Conversely, small-cap stocks faced challenges, with only 600 advancing against 1,278 declining, yielding a ratio of 0.47x.
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
