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Closing Bell (June 10, 2020)

By:

Sales Trader, International Business Division

MARKET

In the PM session, Shanghai continued to fluctuate below yesterday level. Shenzhen Index increased steadily. Till market closed, Construction Material and Medical led the gain. Customer Service and Coal led the fall. In total, both markets traded 615.10 billion RMB, down 0.84% dod.

OpenClose% Change(bn yuan)
Shanghai2951.282943.75-0.42243.97
Shenzhen11296.1311335.860.46371.14
CSI 3004046.234039.71-0.18166.78
ChiNext2186.562201.990.94127.67
SectorTop 1Led byTop 2Led by
Upward-leadingConstruction Material002271Medical688198
Downward-leadingCustomer Service000721Coal000723

NEWS

*According to a new annual report of the International Energy Agency, global liquefied natural gas (LNG) trade volume will reach 585 billion cubic meters in 2025, an increase of 21% from the 2019 level. During this period, significant changes in the market are expected, that is, 2023 China will become the largest importer of liquefied natural gas, and the United States will occupy the position of the largest exporter of liquefied natural gas in 2025.

*Maotai’s 2019 Annual General Meeting of Shareholders was held at Maotai Hotel in Maotai Town. This was the first general meeting of Gao Weidong after he took over the chairman of Maotai. When Gao Weidong introduced the key work arrangements for 2020, the business objectives: first, to achieve a total operating income growth of about 10% over the previous year; second, to complete capital construction investment of 5.371 billion yuan; third, to achieve “double hundred double zero, three low” in safe production, Environmental protection meets the requirements of national regulations. Gao Weidong said that this year’s target plan will not be adjusted due to the epidemic situation.

*TSMC released its monthly operation report. The company achieved sales of NT$93.189 billion in May, an increase of 16.6% year-on-year and a decrease of 2.3% month-on-month. In the first five months of this year, the company achieved cumulative sales of NT$500.418 billion, a year-on-year increase of 33.9%.*Langjiu Sales Co., Ltd. released a price adjustment document. From June 25, 2020, the ex-factory price of four different specifications of Qingyun Langjiu and Hongyunlangjiu will be increased, from 199 yuan to 699 yuan. Not equal.

FUND FLOW

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