Tech and education stocks rally with significant gains
Several tech and education stocks posted notable gains, leading the market’s best-performing shares. Shenzhen Xinyuren Technology Co., Ltd. (688573) and Qingdao Kutesmart (300840) both surged by 20.02%, closing at 24.64 CNY and 14.33 CNY, respectively. In addition, Astro-Century Education (300654) climbed 20.00% to finish at 13.38 CNY, marking a strong day for educational stocks. Feitian Technology (300386) followed closely with a 19.98% increase, ending at 20.48 CNY. This trend highlights growing investor interest in sectors linked to technology and education.
Market volatility drives losses in select sectors
Meanwhile, certain stocks faced sharp declines. China GreatWall Technology (000066) and China Satellite Communications (601698) both fell 10%, closing at 19.34 CNY and 25.46 CNY, respectively. Mubang High-Tech (603398) and Shanghai Highly (Group) Co., Ltd. (600619) also saw losses, dropping by 10% and 9.99%, respectively. Hongbaoli Group Co. (002165) declined by 10.07%, closing at 5.18 CNY. This downturn points to market sensitivity, particularly in the technology and satellite communications sectors.
Disclaimer: Stock information provided here is for informational purposes only and does not constitute financial advice.