Shanghai Composite Soars 0.92% as Xiamen Changelight Rises 20.01% Amid Strong Market Gains
The China Shanghai Composite Index rose by 0.92%, marking a 3.82% gain over the past week and a 5.39% increase over the last month, signaling a strong upward market trend. Notable performers included Xiamen Changelight Co., Ltd. and Jiangxi GETO New Materials Corp. Ltd., both achieving returns over 20%. In contrast, Hongyuan Green Energy Co., Ltd. and Sanbo Hospital Management Group Ltd. faced declines. The market exhibited a favorable advance-decline ratio of 2.96x overall, with large-cap stocks showing an even stronger ratio of 3.94x, reflecting positive investor sentiment.
The China Shanghai Composite Index experienced a positive trading session, rising by 0.92% today. Over the past five days, the index has gained 3.82%, and it has shown a robust increase of 5.39% over the last 30 days, indicating a strong upward trend in the market.In terms of individual stock performance, Xiamen Changelight Co., Ltd. led the large-cap sector with an impressive return of 20.01%, while Hongyuan Green Energy Co., Ltd. lagged behind with a decline of 9.21%. The mid-cap sector saw Jiangxi GETO New Materials Corp. Ltd. shine with a return of 20.02%, contrasting with Sanbo Hospital Management Group Ltd., which fell by 6.86%. In the small-cap category, Leascend Technology Co., Ltd. topped the list with a return of 20.06%, while Mehow Innovative Ltd. faced a significant drop of 11.81%.
The overall market showed a strong advance-decline ratio, with 3,627 stocks advancing compared to 1,225 declining, resulting in a ratio of 2.96x. Large-cap stocks had an even more favorable ratio of 3.94x, with 1,033 advancing and 262 declining. Mid-cap stocks recorded a ratio of 2.97x, while small-cap stocks had a ratio of 2.62x, reflecting a generally positive sentiment across the market.
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