Shanghai Composite Rises 0.57% to 3,900.35; 119 A-Shares Break Five-Day Average
The Shanghai Composite Index closed at 3,900.35 points on August 6, up 0.57% and above its five-day moving average. Total A-share turnover reached RMB 2,547.51 billion. Among 119 A-shares that broke above the five-day average, Yankuang Energy led with a bias ratio of 7.74%, followed by Lu'an Environmental at 7.52% and West Construction at 7.17%. Yankuang Energy rose 9.98% with a turnover rate of 1.56%, Lu'an Environmental gained 10.03% with 2.24% turnover, and West Construction advanced 9.96% with 1.37% turnover.
As of the close on August 6, the Shanghai Composite Index stood at 3,900.35 points, above its five-day moving average, with a daily gain of 0.57%. Total A-share turnover amounted to RMB 2,547.51 billion. According to data, 119 A-shares broke above their five-day moving averages that day. Among those with larger bias ratios were Yankuang Energy, Lu'an Environmental, and West Construction, with bias ratios of 7.74%, 7.52%, and 7.17%, respectively. Stocks with smaller bias ratios, just crossing above the five-day average, included Guangsha Environmental, Yantang Dairy, and Haiyang Technology.
Among the stocks breaking above the five-day average, Yankuang Energy rose 9.98% on the day, with a turnover rate of 1.56%, a five-day moving average of RMB 19.74, and a latest price of RMB 21.27, giving a bias ratio of 7.74%. Lu'an Environmental gained 10.03%, with a turnover rate of 2.24%, a five-day average of RMB 15.10, and a latest price of RMB 16.24, for a bias ratio of 7.52%. West Construction advanced 9.96%, with a turnover rate of 1.37%, a five-day average of RMB 4.74, and a latest price of RMB 5.08, for a bias ratio of 7.17%. Tibet Tianlu, Dunhuang Seed, and Shanxi Coal International had bias ratios of 6.91%, 5.8%, and 5.37%, respectively. Guangkang Biochemical, Jianmin Group, and Chenyi Intelligent had bias ratios of 4.87%, 4.47%, and 4.33%, respectively. Other stocks that broke above their five-day moving averages that day included Jingliang Holdings, *ST Busen, Ruichen Environmental, Xinbao Shares, China Coal Energy, Nongfa Seed, COFCO Engineering, Zhongman Petroleum, ST Xiwang, ST Huaming, and Hengyuan Coal Power, with bias ratios ranging from 3.33% to 4.25%.