Market Overview – 11 December 2025
On Thursday, the Shanghai Composite Index fell 0.70 % to 3 873.32 points, while the Shenzhen Component Index declined 1.27 % to 13 147.39 points. The ChiNext index recorded a 1.41 % drop to 3 163.67 points. The market volume for the day reached 1.86 trillion CNY, up 786 billion CNY from the previous trading session.
Net Capital Flows
- Main‑stream capital: Net outflow of 56.342 billion CNY.
- 沪深300 funds: Net outflow of 19.408 billion CNY.
- North‑bound funds: Participation in 17 listed stocks, including a total of 31 stocks where institutional investors appeared on the 龙虎榜 (buy‑sell list).
Notable Stock Movements
| Stock | Symbol | Net Flow (billion CNY) | Close % Move | Turnover % |
|---|---|---|---|---|
| 雪人集团 | 002639.SZ | +3.25 | +9.99 % | 23.81 % |
| 永辉超市 | 600378.SZ | –3.28 | +6 % | – |
| 摩尔线程 | – | +28.04 % (price) | – | – |
| 东百集团 | 600693.SZ | – | – | – |
| 再升科技 | 603601.SZ | – | – | – |
| 中源家居 | 603709.SZ | – | – | – |
The largest net inflow was recorded for 雪人集团, with a 3.25 billion CNY purchase that accounted for 13.23 % of the total traded value of the 55 stocks that appeared on the 龙虎榜 that day. 雪人集团’s share price closed up 9.99 % and its turnover rate reached 23.81 %.
In contrast, 永辉超市 experienced a net outflow of 3.28 billion CNY despite a 6 % closing gain, illustrating the volatility of retail‑sector stocks during the session.
Sector Performance
- Commercial aerospace: Several stocks in the aerospace sector hit the daily limit up, contributing to a positive sentiment in that theme.
- Semiconductor equipment: A handful of names in the semiconductor equipment space registered significant gains, including a record‑high rise for a leading GPU manufacturer.
- Consumer and retail: The retail sector displayed mixed performance; while some names such as 永辉超市 posted gains, the broader retail theme showed a decline.
- Property and real‑estate: Shares in this sector largely fell, reflecting ongoing pressure on the real‑estate market.
- Specialty themes: The “可控核聚变” (controlled nuclear fusion) and “超导概念” (superconductivity) themes were among the strongest performers, driven by positive investor sentiment toward emerging technologies.
Technical Highlights
- The Shanghai Composite Index remained below the 3 900‑point threshold, marking the third consecutive daily decline for the index.
- The overall market volume rose by 4 % from the previous day, indicating heightened liquidity despite the broader sell‑side pressure.
- The market opened with a slight gain but closed in a downtrend, consistent with the prevailing bearish sentiment across all three primary indices.
Fundamental Snapshot – SZSE Component
| Item | Value |
|---|---|
| Close Price (09 Dec 2025) | 13 316.4 |
| 52‑Week High (08 Oct 2025) | 13 806.7 |
| 52‑Week Low (08 Apr 2025) | 9 119.6 |
The SZSE Component index closed slightly above the 13 000‑point level on 9 December 2025, but the day’s trading data indicate a downward trajectory for the broader market. The index remains within a range bounded by its 52‑week high of 13 806.7 and low of 9 119.6, suggesting limited volatility relative to the current week’s performance.
