China’s A-share market posted modest gains with mixed sector performance, as the Beijing Stock Exchange 50 Index rose over 1% to stabilize above 1,400 points, while the Shenzhen Component Index found support near 10,000 points and the ChiNext Index hovered around the 2,000-point threshold. Market breadth favored advancers, supported by a robust turnover of 1.16 trillion yuan. Gold, pharmaceuticals, biotech, snack foods, and daily chemical stocks led the rally, while household appliances, autos, coal, and liquor sectors lagged.
Main capital flows revealed strong institutional positioning, with the pharmaceutical and biological sector attracting over 9.4 billion yuan in net inflows—the highest among all industries. Banking, electronics, media, and basic chemicals each saw more than 3 billion yuan of net inflows, while transportation stocks extended their inflow streak to six consecutive days. The data underscores a strategic shift toward defensive growth sectors and policy-supported industries, even as cyclical plays like steel, building materials, and coal suffered net outflows exceeding 100 million yuan.
The day’s trading patterns reflect an ongoing recalibration of investor priorities. While traditional heavyweights like autos and appliances faced profit-taking, the sustained capital influx into pharma and tech-aligned sectors suggests growing conviction in their long-term structural themes. The consistent inflows to transportation stocks—often viewed as a proxy for economic activity—hint at cautious optimism about China’s consumption recovery, even as selective profit-taking reshapes sector leadership.
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