China Stocks Rally on July 27; Shanghai Composite Up 1.15%, Shenzhen Component Up 2.72%, ChiNext Up 3.16%
Chinese stocks closed sharply higher on July 27. The Shanghai Composite rose 1.15% to 3,858.25, the Shenzhen Component gained 2.72% to 14,148.73, and the ChiNext index advanced 3.16% to 3,590.79. The STAR 50 index added 1.16%. Total turnover on the two exchanges reached 2.08 trillion yuan, up 145.47 billion yuan from the previous session. Net capital inflow from main funds was 48.51 billion yuan. Building materials, power equipment, and media led gains, while oil and petrochemical and insurance declined. A total of 4,885 stocks rose, 268 fell, and 121 hit the daily limit up.
On July 27, the Shanghai Composite closed at 3,858.25 points, up 1.15%; the Shenzhen Component closed at 14,148.73 points, up 2.72%; the ChiNext index closed at 3,590.79 points, up 3.16%; and the STAR 50 index closed at 1,807.95 points, up 1.16%. Total turnover on the Shanghai and Shenzhen exchanges reached 2.08 trillion yuan, an increase of 145.47 billion yuan from the previous trading day.
By sector, building materials, power equipment, media, beauty and personal care, education, precious metals, textile and apparel, machinery equipment, and telecommunications led the gains. Concepts such as brain-computer interface, PCB, nano-silver, short drama interactive games, blind box economy, passive components, fluorochemical, weight-loss drugs, and CPO also posted strong gains. Oil and petrochemical and insurance were among the few sectors that declined. Stocks that hit the daily limit up were concentrated in the pharmaceutical and biological, electronics, power equipment, chemical, and building materials sectors.
In terms of individual stocks, a total of 4,885 stocks rose on the Shanghai and Shenzhen exchanges, 268 fell, 42 were flat, and 7 were suspended. Excluding newly listed stocks that day, 121 stocks hit the daily limit up and 6 hit the daily limit down. There were 9 stocks with consecutive limit-up days of two or more. Among them, Aili Jiaju and Changlan Keji both reached five consecutive limit-ups, Wuzhou Yiliao had four, Shunna Gufen and Changcheng Jungong each had three, and ST Hongda, Xinya Zhicheng, Zhichun Keji, and Guoxin Nengyuan each had two.
Main funds on the Shanghai and Shenzhen exchanges saw a net inflow of 48.51 billion yuan. Of this, the ChiNext board saw a net inflow of 6.34 billion yuan, the CSI 300 constituent stocks saw a net inflow of 1.55 billion yuan, and the STAR Market saw a net inflow of 31.63 billion yuan. Among the 31 primary sectors, 19 recorded net fund inflows. The electronics sector led with a net inflow of 36.78 billion yuan, followed by power equipment (4.16 billion yuan), machinery equipment (2.59 billion yuan), building materials (2.38 billion yuan), non-ferrous metals (1.96 billion yuan), and building decoration (736 million yuan). Twelve sectors posted net outflows, with the computer sector leading at 1.63 billion yuan, followed by oil and petrochemical (1.03 billion yuan), banking (460 million yuan), and national defense and military (294 million yuan).
In terms of individual stock fund flows, 2,399 stocks received net inflows, with 80 stocks seeing net inflows exceeding 100 million yuan. N Changxin recorded the largest net inflow at 33.84 billion yuan, followed by Dongshan Precision (1.25 billion yuan), Yake Technology (1.18 billion yuan), International Composite (1.16 billion yuan), Fenghua High-Tech (1.01 billion yuan), and Sanhuan Group (931 million yuan). Tongfu Microelectronics posted the largest net outflow at 2.15 billion yuan, followed by Zhaoyi Innovation (1.15 billion yuan), Hikvision (1.02 billion yuan), Lens Technology (910 million yuan), Demingli (738 million yuan), and Montage Technology (522 million yuan).
Institutional trading on the Dragon and Tiger list recorded a net buy of approximately 49.20 million yuan.