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GUOSEN Closing Bell (April 16)

By:

Sales Trader, International Business Division

MARKET

In the PM session, market kept fluctuating and then stopped above yesterday level. Till market end, Electric Utility and Computer led the gain. Agriculture and Construction Material led the fall. In total, both markets traded 594.99 billion RMB, down 7.19%.

OpenClose% Change(bn yuan)
Shanghai2798.432819.940.31222.43
Shenzhen10361.7710470.790.51372.56
CSI 3003777.83802.380.13147.16
ChiNext1970.732008.391.56128.96
SectorTop 1Led byTop 2Led by
Upward-leadingElectric Utility002121Computer300042
Downward-leadingAgriculture002157Construction Material300234

NEWS

*Sinopharm inactivated coronavirus vaccine enters clinical trials

Chinese pharmaceutical company Sinopharm said one of its vaccine candidates against the SARS-CoV-2 coronavirus, which causes COVID-19 disease, has started early human trials after being given the nod for clinical trials from the country’s health authorities on Sunday.

*UN body urges China to consider grain buffer for better food security

According to the Food and Agriculture Organization of the United Nations, though China has ample stocks of grains, it must take steps to ensure the further smooth functioning of supply chains and procure enough supplies for mills and for the wholesale and retail markets.

*China approves sub-centers for overseas IP dispute mechanism

China’s National Intellectual Property Administration (NIPA) has approved the establishment of the first 10 local sub-centers across the country, to offer guidance to Chinese entities on resolving overseas intellectual property (IP) disputes.

FUND FLOW

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