Market summary : Shanghai stocks tumble as SSE Composite Index drops 3.06%

Shanghai stocks fell sharply, with the SSE Composite Index declining by 3.06% to close at 3,267.1916 CNY, amid broad market sell-offs.

Shanghai’s SSE Composite Index witnessed a sharp decline on November 22, falling by 3.06% to close at 3,267.1916 CNY. This marked a drop of 103.2123 points compared to the previous close of 3,370.4039 CNY. The index opened at 3,368.0430 CNY and fluctuated between a low of 3,267.1916 CNY and a high of 3,372.0034 CNY throughout the trading session.

The market’s downturn erased gains from earlier periods, with the five-day performance now showing a loss of 2.32%. However, longer-term metrics remain positive, with the index up 9.90% year-to-date and 7.41% over the past year. Over a five-year horizon, the index has posted gains of 12.56%.

Trading volume for the day stood at a substantial 63.07 billion CNY, reflecting the high activity amid investor sell-offs.

Disclaimer:
This article is for informational purposes only and does not constitute financial advice. Data is based on market activity as of November 22.