February Wrap-up! Over 3,600 A-shares rose, and 4 stocks doubled this month

On February 27, the A-share market wrapped up its February performance. The Shanghai Composite Index oscillated and rebounded within the month, currently at 4,162.88 points, not far from the early-year high of 4,190.87 points. Looking at the monthly performance, the three major indices showed divergence: the Shanghai Composite rose by a total of 1.09%, the Shenzhen Component Index increased by 2.04%, while the ChiNext Index was relatively weaker, declining by 1.08%.

Commodities Strengthen, Stock Index Divergence Becomes Evident

From a horizontal perspective, major global stock indices showed divergence in February. The stock markets in Japan and South Korea surged significantly, with the Korea Composite Stock Price Index soaring by 19.52%, leading global assets; the Nikkei 225 index rose over 10%. The U.S. stock market was relatively weaker, with the Dow Jones Industrial Average up over 1%, while the Nasdaq declined by 2.49%. The three major Hong Kong indices all declined, with the Hang Seng Tech Index dropping over 10% for the month, leading global asset declines.

Commodities generally strengthened during the month, with notable rebounds in precious metals. COMEX silver rose over 15.5% in February, rebounding above $90 per ounce, though still far from the January-end high of $121.785 per ounce. COMEX gold increased by 9.50%, approaching $5,200 per ounce. WTI crude oil, which rose over 14% last month, continued to consolidate in February, with a total increase of 0.72%.

Most Industry Sectors Rose, Media Led Declines

In February, 23 out of 31 Shenwan first-level industry sectors in the A-share market rose, accounting for over 74%. The largest gain was in comprehensive industries, which increased by 18.4%; followed by steel, up 10%. Industries such as building materials, environmental protection, defense and military, machinery, and coal all saw gains exceeding 7% for the month.

The media sector surged early but then fell back, declining by 5%, leading the declines among A-share industry sectors. In January, the media sector had increased by 17.9%. The retail and trade sector declined by 3.5%, followed by non-bank financials, which fell by 3.3%. Banks, pharmaceuticals, agriculture, forestry, animal husbandry, fishery, and real estate also experienced adjustments, but with smaller declines generally within 1%.

In February, 3,600 Stocks Rose, 4 Doubled in Price

From the distribution of gains and losses, among the 5,485 stocks in Shanghai, Shenzhen, and Beijing markets in February, over 3,600 stocks rose, with nearly 66% increasing in value. Excluding newly listed stocks in the month, four stocks doubled in price. The top performer was the power company Yunnan Energy Holding, which surged 115.2% in February; closely following was Jiang Wuzhuang Equipment, which soared 114.9%. Explosive light-electronics and Hang Electric also doubled, with increases of 113.4% and 100.8%, respectively.

Among the declining stocks, Kaipu Cloud experienced the largest drop, falling nearly 48%. On the evening of February 24, Kaipu Cloud announced the termination of a major asset restructuring plan that had been under consideration for nearly half a year. From early August 2025 to the end of January 2026, the stock had gained nearly 300%. Additionally, *ST Guohua, *ST Jinlun, *ST Cuihua, and *ST Huike were among the top decliners in February, with cumulative declines exceeding 30%.

(Source: Oriental Fortune Research Center)