证券时报·2025-07-01 15:17Core Viewpoint - The ST sector has shown strong performance recently, with the Wind ST Index recording a "seven consecutive days of gains" and significant year-to-date increases in several ST stocks, indicating a structural market trend despite inherent risks in investing in ST stocks [1][3][10]. Group 1: Recent Performance - The Wind ST Index has achieved a cumulative increase of 4.74% since June 23, outperforming both the Shanghai Composite Index and the Shenzhen Component Index during the same period [3]. - Over 80% of the 172 constituent stocks in the ST Index have risen since June 23, with 41 stocks increasing by more than 10% [5]. - Year-to-date, some ST stocks have seen remarkable gains, with *ST Yushun and *ST Xintong rising over 370% and 280% respectively [1][9]. Group 2: Notable Stocks - Specific ST stocks have shown exceptional performance, with *ST Yushun and *ST Xintong both exceeding 400% in gains from their lowest prices this year [8]. - A list of notable ST stocks with significant year-to-date increases includes *ST Yushun (372.19%), *ST Xintong (284.36%), and ST Dihui (107.46%) [9]. Group 3: Market Dynamics - The recent strong performance of the ST sector is attributed to the overall robust trend in the A-share market and expectations of restructuring or "delisting" for some ST stocks [10]. - The adjustment of the price fluctuation limit for risk-warning stocks from 5% to 10% is expected to enhance pricing efficiency and market order [10]. Group 4: Structural Risks - Despite the recent gains, the ST sector remains structurally risky, with nearly 30 ST stocks experiencing declines in the last seven trading days, and 82 out of 172 ST stocks down year-to-date [12]. - Companies within the ST sector, even those with rising stock prices, frequently issue risk warnings, indicating ongoing concerns about potential delisting and regulatory scrutiny [12].