Nineteen A-Shares Hit Record Highs on August 18; Electronics, Chemicals, Machinery Lead

The Shanghai Composite Index rose 0.19% today, closing near its intraday high. Among all tradable A-shares, 2,121 stocks advanced, accounting for 38.29% of the market, while 3,292 stocks declined, representing 59.42%. A total of 81 stocks hit the daily limit up, and 6 stocks hit the daily limit down. Excluding sub-new stocks listed within the past year, 19 stocks closed at record highs today. By board, 12 were on the main board, 3 on the ChiNext board, and 4 on the STAR Market. By industry, electronics, basic chemicals and machinery each had 3 stocks reaching new highs, making them the most concentrated sectors.

In terms of price performance, stocks that closed at record highs rose an average of 6.26% today. Among them, Sinomach Precision, Aili Home and Aiai Precision all hit the daily limit up, while Jiuzhou Yigui, Jinlu Electronics and Jinfang Energy led the gains. The average share price of these record-breaking stocks was RMB96.86, with 4 stocks trading above RMB100 and 9 stocks in the RMB50-100 range. Shengke Communications-U recorded the highest closing price at RMB435.87, up 3.36%; Songfa Shares and Raytron Microelectronics closed at RMB184.81 and RMB174.84, respectively.

In terms of capital flows, the main capital of today's record-high stocks recorded a total net inflow of RMB13.83 million. Among them, 11 stocks saw net main capital inflows, with Shengke Communications-U, WuXi AppTec and Meishi Technology leading at RMB159 million, RMB141 million and RMB56.98 million, respectively. Eight stocks saw net main capital outflows, with Jinlu Electronics, Yiming Food and Jiuzhou Yigui recording the largest outflows of RMB324 million, RMB76.74 million and RMB27.81 million, respectively.

In terms of market capitalisation, the record-high stocks had an average total A-share market value of RMB58.70 billion and an average float market value of RMB44.75 billion. WuXi AppTec, Songfa Shares and Shengke Communications-U had the highest total A-share market values at RMB413.48 billion, RMB188.27 billion and RMB178.71 billion, respectively; Jinfang Energy and Wuzhou Medical had the lowest at RMB6.12 billion and RMB6.46 billion, respectively. In terms of float market value, WuXi AppTec, Shengke Communications-U and Raytron Microelectronics led with RMB413.48 billion, RMB88.48 billion and RMB81.40 billion, respectively.

Looking at recent trends, some record-high stocks have shown sustained breakout patterns. Wuzhou Medical closed at new highs 8 times in the past month, Songfa Shares and Aiai Precision each recorded 6 new highs, and WuXi AppTec recorded 5 new highs over the same period.

List of stocks closing at record highs today: Sinomach Precision closed at RMB97.00, up 20.00%, in the electronics industry; Jiuzhou Yigui closed at RMB89.99, up 12.32%, in machinery; Jinlu Electronics closed at RMB39.06, up 11.06%, in electronics; Aili Home closed at RMB30.00, up 10.01%, in light manufacturing; Yiming Food closed at RMB38.61, up 10.00%, in food and beverage; Aiai Precision closed at RMB64.02, up 10.00%, in basic chemicals; Lily Group closed at RMB85.90, up 10.00%, in basic chemicals; Meishi Technology closed at RMB50.19, up 9.99%, in computers; Jinfang Energy closed at RMB27.87, up 8.02%, in utilities; Guoen Shares closed at RMB66.58, up 3.71%, in basic chemicals; Raytron Microelectronics closed at RMB174.84, up 3.59%, in defence and military; Shengke Communications-U closed at RMB435.87, up 3.36%, in electronics; Haiou Shares closed at RMB18.21, up 2.88%, in machinery; Silinjie closed at RMB72.65, up 1.24%, in machinery; Wuzhou Medical closed at RMB95.00, up 1.01%, in pharmaceuticals and biotechnology; Songfa Shares closed at RMB184.81, up 0.82%, in defence and military; Yangyuan Drinks closed at RMB53.70, up 0.66%, in food and beverage; WuXi AppTec closed at RMB167.18, up 0.17%, in pharmaceuticals and biotechnology; and Xiangshan Shares closed at RMB48.77, up 0.04%, in automobiles.