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Closing Bell (Nov 7)

By:

Sales Trader, International Business Division

MARKET

In the afternoon session, both indices continue fluctuated. Till market closed, Agriculture and Computer lead the gain. Food & Tourism and National Defense lead falls. In total, both markets traded 398.93 billion RMB, down 11.85% dod.

Open Close % Change (bn yuan)
Shanghai 2978.15 2978.71 0.00 155.83
Shenzhen 9849.96 9917.49 0.57 243.10
CSI 300 3984.55 3991.87 0.18 117.75
ChiNext 1698.63 1715.58 0.74 88.25
Sector Top 1 Led by Top 2 Led by
Upward-leading Agriculture 300775 Computer 601939
Downward-leading Food & Tourism 002159 National Defence 600760

NEWS

* BYD Suffers NEV Sales Slump in October

The company shifted 12,567 NEVs last month, more than 50% fewer compared with the same period a year earlier, according to BYD’s earnings report released Wednesday. (Caixin)

*China Again Urges Release of Huawei CFO After Resuming Canadian Meat Imports

The Chinese government has again asked for the release of detained Huawei chief financial officer Meng Wanzhou in some of its first comments on the matter since Canada’s federal election last month. (Caixin)

*Investors Unimpressed as Lenovo Margins Improve

Lenovo said its profit for the three months through October jumped 20% to $202 million, while its revenue just managed to eke out a small 1% gain to reach $13.5 billion, according to its latest quarterly report released on Thursday. It achieved the strong profit gains on improving margins, with gross profit margin rising more than 2 percentage points to 16.1% in the latest quarter. (Caixin)

FUND FLOW

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