A-Share Recap: Indexes Decouple, Shanghai Composite Rises 0.13%, Shenzhen Composite Falls 0.47%

Grelon News August 21st | A-share indexes diverged today, with the Shanghai Composite rising for a new high in ten years; as of the closing bell, the Shanghai Composite rose 0.13% to 3771 points, while the Shenzhen Composite fell 0.06%. The entire market saw nearly 3,100 stocks decline.

On the trading floor, the cross-border payment sector exploded, with multiple stocks such as Three Gorges Securities and Tianrui Securities rising to the limit. The shale gas sector also showed strength throughout the day, with Godolphin Holdings (002278) closing at a new high. The digital currency sector rose sharply, with Beishang Source (300352) surging 20% to the limit. Other strong sectors included oil and petrochemicals, titanium dioxide, electricity, and data security. In contrast, the electric motor concept fell, with Wanxiang Heavy Industry (000880) closing at a new low. The liquid cooling concept also saw significant losses, with Chuanrun Shares (002272), Feilong Shares (002536), and Jin Tian Shares among others declining.