三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Farm, tech shares lead strong rally

By Shi Jing in Shanghai | China Daily | Updated: 2020-04-08 08:09
Share
Share - WeChat
An investor checks stock prices at a brokerage in Shenyang, capital of Liaoning province. [Photo provided to China Daily]

COVID-19 recovery hopes, sustained economic confidence lift sentiment

Share prices in Chinese mainland bourses rose on Tuesday on rising COVID-19 recovery hopes and increased confidence about the domestic economy, with agricultural and technology firms in the limelight.

The benchmark Shanghai Composite Index rose by 2.05 percent to 2820.76 points, regaining the 2800 point mark after 15 trading days. The Shenzhen Component Index gained 3.15 percent to 10428.91 points, while the ChiNext Index for small-cap technology growth companies saw an intraday increase of 3.31 percent.

Data from Shanghai-based market tracker Wind Info showed that agricultural companies logged a 5.78-percent daily increase on average. Nearly 16 of the 70 A-share listed agricultural companies soared by the daily price increase limit of 10 percent on Tuesday.

Prices of precious metal firms, food and beverage companies, software service providers, information technology companies, as well as cement and construction material manufacturers also rose by more than 4 percent on average.

Meanwhile, companies with businesses related to digital currencies reported an average daily price spike of 7.54 percent on Tuesday, attracting a whopping 678 million yuan ($96 million) of investment. The People's Bank of China, the central bank, said on Friday that it would unswervingly push forward the research and development of a legal digital currency, which acted as a major morale-booster to the market, said a research report from Sealand Securities.

On a broader perspective, the A-share market is likely to continue to rebound given the supply chain reform and deleveraging that the central government has carried out since 2015, said Wang Delun, chief strategist of Industrial Securities.

The country's economy and stock market are relatively healthier when compared to overseas markets. The robust domestic consumption, which has become a major economic driver, will provide more defensive power during the time of difficulty, he said.

Even as the A-share market took a break on Monday for the Tomb Sweeping Day, the global markets rebounded strongly, with the Dow Jones Industrial Average surging 7.73 percent on Monday and the Nasdaq by 7.33 percent. The bullish sentiment in the global markets percolated down to the A-share market, said analysts from Jufeng Investment Information.

Northbound investment, which is the total trading volume of overseas investors via the stock connect programs in the Chinese mainland, hit a 64-day high of 14.51 billion yuan on Tuesday.

Chen Guo, chief strategist of Essence Securities, said stabilizing commodity prices, especially oil prices, have indicated a sign of bottoming out. The market has stopped panicking about liquidity shortage and started reassessing the novel coronavirus' impact on the real economy. Risky assets in areas where better control of the epidemic has been implemented and its results observed, for example the A-share market, have gained the attention of international investors, an indication that global assets have started gaining traction.

Analysts from Qianhai Alliance Asset Management said that the leading price-to-earnings ratio of the A-share market was at 15.5 times when the market closed on Friday, which was already at the bottom level based on historical data. In this sense, the valuation is quite attractive and investors could look for opportunities in leading companies in pharmaceuticals, consumption, technology, financial and infrastructure industries.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 手机在线观看精品国产片 | 国产美女网址 | 国产 欧美 日韩 在线 | 麻豆影视视频高清在线观看 | 视频在线观看一区二区三区 | 台湾一级毛片永久免费 | 亚洲涩涩 | 日本一级毛片视频无遮挡免费 | 久久精品色 | 中文字幕第13亚洲另类 | 国产精品人人视频 | 国产手机在线观看视频 | 国产综合亚洲欧美日韩一区二区 | 香蕉大久久 | 国产精品嫩草影院在线 | 屁屁网站在线观看www | 国产成人精品免费视频大全办公室 | 成人欧美一区二区三区黑人免费 | 美女亚洲精品一区 | 久本草在线中文字幕亚洲欧美 | 国产v日韩v欧美v精品专区 | 久久羞羞视频 | 黄色三级三级三级免费看 | 一级国产20岁美女毛片 | 在浴室边摸边吃奶边做视频 | 高清三级毛片 | a级毛片视频免费观看 | 一区二区三区在线 | 欧美一级特黄做 | 在线看国产视频 | 五月伊人网 | 亚洲一区二区在线免费观看 | 日韩久久网 | 久久亚洲网 | 黄网站在线观看永久免费 | 亚洲国产高清一区二区三区 | 超级碰碰碰视频在线观看 | 香蕉视频在线免费播放 | 草草影视在线观看 | 日韩欧美一区二区不卡 | 精品国产免费第一区二区三区日韩 |