China’s stock market witnessed a strong upward trajectory in technology and environmental stocks on Wednesday, with CapitalOnline Data (300846) leading the gainers, soaring 20.03% to 18.52 CNY. Other major gainers included Hebei Broadcasting (301551), which jumped 20.01% to 62.26 CNY, and Suzhou Shijing Env (301030), climbing 20.00% to 22.50 CNY.
Among the biggest movers, Beijing QingCloud Technology Group (688316) surged 20.00% to 58.87 CNY, followed closely by UCLOUD Technology Co. (688158) at 19.98% and Suzhou Everbright Photonics (688048) at 19.96%. The bullish performance of these stocks reflects investor confidence in China’s tech and environmental sectors, driven by market optimism and potential policy support.
However, the market showed a mixed response, as some stocks struggled. Zhejiang Youpon In (002718) led the losers, dropping 7.22% to 16.33 CNY, while Zhejiang Fulai New Material Co. (605488) fell 6.22% to 33.76 CNY. Hubei Xiangyuan Ne (300980) also declined, losing 6.08% to 25.66 CNY.
Other stocks facing downward pressure included Dongguan Winnerway (000573), down 4.32% to 4.21 CNY, Efort Intelligent Equipment Co. (688165), which dipped 4.21% to 34.10 CNY, and AsiaInfo Security Technologies (688225), dropping 4.38% to 21.61 CNY.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own research before making any investment decisions.