日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

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: 亚洲一区二区三区免费观看 | 五月激情六月婷婷 | 欧美男女交配 | 91婷婷| 亚洲午夜视频在线观看 | 91在线免费看 | 欧美一区二区三区大片 | 久久噜噜噜精品国产亚洲综合 | 91久久国产露脸精品免费 | 亚洲美女亚洲精品久久久久 | 国产一区二区小早川怜子 | 亚洲精品久久久久久久久久吃药 | 亚洲视频一区二区 | 中文字幕一区在线观看视频 | 亚洲精品不卡久久久久久 | 国产在线视频一区二区 | 成人做爰视频免费 | 久久亚洲网 | 青青久视频| 成人毛片免费视频播放 | 亚洲欧美日韩在线 | 免费av一区二区三区 | 国产精品亚洲一区二区三区在线 | 精品国产精品国产 | 在线视频 中文字幕 | 国产高清亚洲 | 免费男女视频 | 国产精品爱啪在线线免费观看 | 亚洲视频国产精品 | 亚洲www啪成人一区二区麻豆 | 亚洲国产综合网 | 色欲AV色情国产又爽又色 | 国产99久久精品一区二区 | 久久精品一 | 欧美日韩精品一区二区在线播放 | 久久久精品一区二区三区 | 国产成人av在线播放 | 国产福利不卡视频在免费播放 | 欧美国产日韩一区二区三区 | 国产一起色一起爱 | 色www 永久免费网站 |