The last weekly trading sessions in the Chinese market witnessed a remarkable performance of a number of stocks, as industrial and service companies have emerged on the list of the largest winners, while technology and electronics companies faced sharp declines, which reflects a fluctuating mood in the market amid internal fluctuations and changes in the appetite of investors.
The most prominent winners
Hangzhou Wensli Silk Culture
The arrow recorded a jump at a rate of +20.03% to 18.70 yuan, with a daily increase of +3.12 yuan, and this rise comes in light of the increasing interest in the market in cultural and strategic industries supported by government policies aimed at reviving the heritage industries of creative value.
Yoante Industrial
The stock increased by +19.99% to 32.66 yuan, driven by strong operational results, as the company is one of the prominent players in the accurate manufacturing sector, a sector that has a large momentum in China’s plan to enhance local accreditation.
Xinlei compressor
The stock increased by +19.82% to 32.70 yuan. The company specializes in industrial pressure systems, and has benefited from the increasing demand for equipment within infrastructure and industrial expansion projects in Chinese cities.
Client Service
The stock was closed at 18.83 yuan, an increase of +13.98%. The company works in the field of digital services and information technology, as the market interacts positively with the expectations of digital expansion paid by government plans to enhance technological infrastructure.
Zhongjin Irradiation
The stock increased by +11.42% to 16.69 yuan, as the company operates in radiological applications in the medical and agricultural field, which is one of the areas that witness increasing investments after the pandemic in the framework of supporting health and food innovation.
The most prominent losers
Jinlong Machinery Electronic
The stock decreased by 12.67% to 5.17 yuan, which indicates operational pressures or negative financial results that sparked the fear of investors. The company operates in the manufacture of mechanical electronic devices, and it faces fierce competition and a decline in demand.
Joy Kie
The stock decreased by 10.95% to 17.57 yuan, and Joy Kie is active in the bicycle industry, and the result is due to slow demand, especially with the local market saturation after the boom during the pace.
Jing Jin Electric Technologies
The stock decreased by -10.34% to 7.98 yuan. The company operates in electric car technology, fears of reducing government support and slowing the sales of electric vehicles affected investor confidence.
Analytical reading
The sharp moves in this session reveal a selective trading pattern, as investors are attracted towards sectors that enjoy direct government support and promising digital and industrial growth prospects, while they avoid companies with operational pressures and the market pressure.
