A-Share Close: ChiNext Index Rebounds Over 3%, More Than 4,100 Stocks Rise Market-Wide

October 28 — According to Cailianshe, the market staged a volatile rebound, with the ChiNext Index up more than 3% and the Shenzhen Component Index and STAR 50 Index each up more than 2%. Combined turnover on the Shanghai and Shenzhen exchanges reached 1.63 trillion yuan, up 167.5 billion yuan from the previous trading day. More than 4,100 stocks rose market-wide.

On the board, hot spots rotated quickly. The humanoid robotics concept erupted, with Xiangyang Bearing hitting a fifth consecutive limit-up, Guangyang three in a row, Wanxiang Qianchao three in four days, and Ningbo Dongli, Wuzhou Xinchun and others hitting the limit-up. The short drama concept was active, with Wentou Holdings up for a second consecutive limit and Baina Qiancheng and Zhangyue Technology hitting the limit-up. Innovative drug and CRO concepts climbed intraday, with ACROBiosystems and Novoprotein hitting the 20% limit-up and Sino Biological gaining more than 17%; among CPO names, Zhongji Innolight rose more than 10% and JPT more than 16%.

On the downside, the food and beverage sector fluctuated lower, with Guifaxiang, Anji Food, Jinhui Liquor and others declining.

At the close, the Shanghai Composite Index was up 0.91%, the Shenzhen Component Index up 2.02% and the ChiNext Index up 3.4%.