Shanghai Composite Rises 0.87% as Advance-Decline Ratio Hits 2.81x, Led by Suzhou Recodeal

6 hours ago
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The China Shanghai Composite Index rose by 0.87%, maintaining a similar trend over the past week, although it has declined 0.45% in the last month, highlighting market volatility. Notable performers included Suzhou Recodeal Interconnect System Co., Ltd. with a 16.63% gain and Sino Geophysical Co., Ltd. at 20.01%. In contrast, Beijing Enlight Media Co., Ltd. fell by 19.99%. The overall market sentiment remained positive, with a strong advance-decline ratio of 2.81x, as 3,656 stocks advanced compared to 1,301 that declined, despite some significant underperformers.
Shanghai Composite Rises 0.87% as Advance-Decline Ratio Hits 2.81x, Led by Suzhou Recodeal
The China Shanghai Composite Index experienced a modest increase of 0.87% today, reflecting a similar performance over the past five days. However, the index has seen a decline of 0.45% over the last month, indicating some volatility in the market.
In terms of individual stock performance, Suzhou Recodeal Interconnect System Co., Ltd. led the large-cap sector with a notable return of 16.63%. Conversely, Beijing Enlight Media Co., Ltd. struggled, posting a decline of 19.99%. The mid-cap sector saw Sino Geophysical Co., Ltd. excel with a return of 20.01%, while Omnijoi Media Corp. faced challenges with an 18.99% drop. In the small-cap category, New JCM Group Co., Ltd. achieved a return of 20.07%, while Bonree Data Technology Co., Ltd. fell by 15.42%. Overall, the market showed a strong advance-decline ratio, with 3,656 stocks advancing compared to 1,301 declining, resulting in a ratio of 2.81x. This trend was echoed across large-cap, mid-cap, and small-cap stocks, indicating a generally positive sentiment among investors despite some notable underperformers.

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