A-Share Afternoon Rally Lifts Over 4,200 Stocks; Changxin Tech Surges 12.66%
A-share markets staged a strong afternoon rebound on July 29, with over 4,200 stocks closing higher. The Shanghai Composite Index reclaimed the 3,800-point level, rising 0.4% to 3,828.47. The Shenzhen Component Index gained 1.1% after falling nearly 1.8% intraday, while the ChiNext Index added 1.55%. Media and social services sectors each rose over 3%. Changxin Technology surged 12.66% to a market capitalization of 3.54 trillion yuan, with turnover of 44.81 billion yuan, the highest on the A-share market.
On the afternoon of July 29, the A-share market staged a clear rebound, with most indices turning positive. By the close, a total of over 4,200 stocks across the market rose. The Shanghai Composite Index reclaimed the 3,800-point mark, closing at 3,828.47 points, up 0.40%. The Shenzhen Component Index, which had fallen nearly 1.8% during the morning session, staged a strong afternoon rally and closed up 1.10%. The ChiNext Index closed up 1.55%. The Sci-Tech Composite Index, which had fallen over 4% intraday, closed down only 0.54%. The number of declining stocks was less than 1,300.
In terms of major sectors, the media sector expanded its gains in the afternoon, closing up over 3%. Stocks including Fanli Technology, China Science Publishing, Huanrui Century, Dianhun Network, Kaiying Network, and Giant Network all hit the daily limit. The social services sector remained strong, rising over 3%. Quan Tong Education hit the daily limit, while Huatu Shanding and ST Dushen both rose over 10%. Huatian Hotel, Offcn Education, and Chuanzhi Education also hit the daily limit. The steel, home appliance, and defense industry sectors strengthened. The food and beverage sector narrowed its afternoon gains but still closed up over 1%. Brokerage stocks saw a notable afternoon lift, with Hualin Securities hitting the daily limit, followed by Bank of China Securities and Huaan Securities.
Domestic DRAM leader Changxin Technology saw a strong afternoon surge, with its intraday gain approaching 15%. By the close, Changxin Technology stood at RMB 52.95 per share, up 12.66%, giving the company a total market capitalization of RMB 3.54 trillion. Its full-day turnover reached RMB 44.81 billion, ranking first among A-share individual stocks by trading volume.
Hot stocks from the first half of 2026 showed clear divergence. Among CPO concept stocks, leader Zhongji Innolight closed up over 4% at RMB 951 per share, with a latest market cap of RMB 1.06 trillion and full-day turnover exceeding RMB 40 billion. Another CPO concept leader, Xinyisheng, closed up 3.51% with full-day turnover of RMB 26.91 billion. The MLCC concept performed strongly, with leader Sanhuan Group closing up nearly 8%, its market cap still above RMB 200 billion. Fenghua Hi-Tech closed at the daily limit with full-day turnover exceeding RMB 8 billion and a latest market cap of RMB 55 billion. Guoci Materials closed up 4.79% with full-day turnover of RMB 7.96 billion and a latest market cap close to RMB 60 billion. Another previously hot stock, Zhaoyi Innovation, closed down 6.81% with full-day turnover exceeding RMB 30 billion. Dongshan Precision closed down 5.73% with full-day turnover exceeding RMB 20 billion.