China A-shares rebounded, with all three major indexes rising. Changxin
Technology jumped 465.82% on its debut; turnover rate topped 66%, intraday turnover
exceeded RMB 140 bln and market cap rose above RMB 3.28 tln, overtaking
Industrial and Commercial Bank of China to become the largest A-share by market
value. Shanghai- Shenzhen turnover totaled RMB 2.08 tln, up RMB 145.5 bln vs the
prior session. Market breadth was strong—about 5,200 stocks advanced and more
than 100 hit limit-up. Power stocks led rotation: Lixin New Energy logged seven
limit-ups in eight sessions and Yinxing Energy two limit-ups in three days.
Innovative drug names strengthened—Ha Sanlian recorded three limit-ups in four
days, Hainan Haiyao and Yibai Pharmaceutical showed two limit-ups in four
sessions. PCB plays rallied in the afternoon; Xianfeng Holdings, International
Composite Materials and Honghe Technology hit limit-up. Oil & gas
underperformed; Zhongman Petroleum hit the down limit.
