SHANGHAI – China’s benchmark SSE Composite Index (000001.SS) finished today’s trading session with a marginal gain, but the flat close conceals a day of dramatic intraday swings and a powerful recovery in the final hours of trading.
At the market close, the index stood at 3,473.13, an increase of 0.81 points, or +0.02%. While the final figure suggests a quiet day, the trading chart tells a very different story of a battle between bears and bulls.
The index opened weaker at 3,467.98, below the previous close of 3,472.32. After an initial morning rally, the market experienced a sharp sell-off around 11:00 AM, sending the index to its session low of 3,462.79. However, the afternoon session saw a complete reversal of fortune. Starting around 1:00 PM, a sustained wave of buying pressure lifted the index, erasing all the day’s losses and pushing it to a high of 3,474.80 just before the close.
