A-share indices fall; Shanghai Composite down 0.5%; 82 stocks turnover above 20%, Jieli Tech leads at 52.69%
China's A-share indices closed lower on August 13, with the Shanghai Composite falling 0.5% to 3,926.96 points, the Shenzhen Component down 0.87%, and the ChiNext down 0.45%. A total of 82 stocks recorded turnover above 20%, led by Jieli Technology at 52.69%, the only stock exceeding 50%. Jieli closed down 12.52% at RMB 46.59. Other high-turnover names included Wanbang Pharma (49.28%, up 20%), Baihua Pharma (48.10%, up 3.35%), and Guoyi Quantum-U (46.73%, down 14.25%). Pharmaceutical and biotech stocks dominated the list.
As of the close on August 13, the Shanghai Composite Index stood at 3,926.96 points, down 19.71 points, or 0.50%; the Shenzhen Component Index closed at 14,289.44 points, down 124.98 points, or 0.87%; and the ChiNext Index closed at 3,586.04 points, down 16.04 points, or 0.45%. On that day, a total of 82 A-shares on the Shanghai and Shenzhen exchanges recorded turnover rates above 20%, with Jieli Technology leading at 52.69%, the only stock to exceed 50% turnover, meaning more than half of its shares changed hands.
Among the stocks with the highest turnover, Jieli Technology closed at RMB 46.59, down 12.52% for the day; Wanbang Pharma had a turnover of 49.28%, closing at RMB 88.68, up 20.00%; Baihua Pharma saw turnover of 48.10%, closing at RMB 14.50, up 3.35%; Guoyi Quantum-U recorded turnover of 46.73%, closing at RMB 98.51, down 14.25%; and Hongbo Co. had turnover of 44.92%, closing at RMB 13.65, up 5.73%. Additionally, several stocks including Yikun Electric, Zhanxin Co. , and Longxin Intelligent saw turnover above 36%.
The stocks with turnover above 20% were spread across multiple sectors, with a notable concentration in pharmaceutical and biotech names, including Wanbang Pharma, Baihua Pharma, Longshen Rongfa, Meinuohua, Yaoyigou, Ruikang Pharma, Yaoshi Technology, Chengda Pharma, Boji Pharma, and Hongbo Pharma, among others. Electronics, computer, media, and chemical sectors also had stocks on the list. In terms of gains, Xinqianjiang rose 29.60%, while Wanbang Pharma, Longshen Rongfa, Yaoyigou, and Boji Pharma hit the daily limit up. On the downside, Chuanzhi Education and Maidi Technology hit the daily limit down, while Pulian Software and Gan Consulting fell more than 9%.