This website uses cookies to collect usage information in order to offer a better browsing experience. By browsing this site or by clicking on the "ACCEPT COOKIES" button you accept our Cookie Policy.

Closing Bell (June 17, 2020)

By:

Sales Trader, International Business Division

MARKET

In the PM session, both indexes continued fluctuating. Till market closed, Medical and Steel led the gain. Customer Service and Comprehensive Finance led the fall. In total, both markets traded 738.85 billion RMB, up 3.71% dod.

OpenClose% Change(bn yuan)
Shanghai2932.672935.870.14278.01
Shenzhen11421.0311420.840.19460.85
CSI 3004018.614017.590.08176.98
ChiNext2265.092263.960.15168.59
SectorTop 1Led byTop 2Led by
Upward-leadingMedical603880Steel600282
Downward-leadingCustomer Service300178Comprehensive Finance300023

NEWS

*Dongfeng Motor Group Co., Ltd. and Contemporary Amperex Technology Co., Ltd. signed a framework agreement for deepening strategic cooperation. The future Ningde era will provide better business for Dongfeng in the fields of new energy vehicles, battery recycling, intelligent data, future new technology research and development, etc.

*According to the Shanghai Municipal Commission of Commerce, in May of this year, the city’s online retail sales amounted to nearly 100 billion yuan, of which physical retail sales increased by 13% year-on-year. During the epidemic, online consumption has become the leading factor in the economic growth of the retail industry.

*Beijing Reimposes Restrictions Amid Resurgence of Virus

The Beijing government elevated the city’s emergency response one notch to level 2, the second-highest among four levels of disease response, authorities said Tuesday night. The capital quickly rolled back reopening measures just days after most leisure venues in the city resumed services.

FUND FLOW

Disclosure: Interactive Brokers

Information posted on IBKR Traders’ Insight that is provided by third-parties and not by Interactive Brokers does NOT constitute a recommendation by Interactive Brokers that you should contract for the services of that third party. Third-party participants who contribute to IBKR Traders’ Insight are independent of Interactive Brokers and Interactive Brokers does not make any representations or warranties concerning the services offered, their past or future performance, or the accuracy of the information provided by the third party. Past performance is no guarantee of future results.

This material is from Guosen Securities Co., Ltd and is being posted with permission from Guosen Securities Co., Ltd. The views expressed in this material are solely those of the author and/or Guosen Securities Co., Ltd and IBKR is not endorsing or recommending any investment or trading discussed in the material. This material is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

trading top