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GUOSEN Closing Bell (April 14)

By:

Sales Trader, International Business Division

MARKET

In the PM session, market continued to increase. Till market closed, Electric Equipment and Media led the gain. No section led the fall. In total, both markets traded 589.33 billion RMB, up 18.09%.

OpenClose% Change(bn yuan)
Shanghai2794.82827.281.59223.61
Shenzhen10300.9610475.712.47365.72
CSI 3003777.833825.71.93170.61
ChiNext1937.291985.433.24123.25
SectorTop 1Led byTop 2Led by
Upward-leadingElectric Equipment002471Media601599
Downward-leading    

NEWS

*Meituan Hits Back at Charges of Exploiting Restaurants

Chinese food-delivery company Meituan Dianping has hit back at allegations that it is charging hefty commissions for its delivery services, as the country’s catering industry struggles to recover from a coronavirus-induced downturn.

*China’s Yangzte Memory Unveils Homegrown High-Tech NAND Chip

The company said its new 128-layer NAND flash memory chip, the X2-6070, has passed sample verification by several partners — a key step before mass production can begin. It added that actual mass production could begin as soon as the end of this year, or by the first half of 2021.

*Expanded natural gas storage will curb price fluctuations

China has issued a guideline on stepping up construction of natural gas storage infrastructure to improve the gas storage capacity in the country. The move aims to strengthen overall planning and improve the industrial standard of natural gas storage construction through planning layout, operation models, mechanism and policy support, according to the guideline jointly issued by the National Development and Reform Commission and four ministries.

FUND FLOW

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