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GUOSEN Closing Bell (April 22)

By:

Sales Trader, International Business Division

MARKET

In the PM session, market continued increase. Till market end, Agriculture and Food & Beverage led the gain. Petrochemical and Beverage Banking led the fall. In total, both markets traded 605.98 billion RMB, down 6.67%.

OpenClose% Change(bn yuan)
Shanghai2814.072843.980.6232.80
Shenzhen10424.4510617.191.05373.18
CSI 3003789.133839.380.82135.55
ChiNext2005.652043.170.95124.83
SectorTop 1Led byTop 2Led by
Upward-leadingAgriculture600313Food & Beverage000716
Downward-leadingPetrochemical600583Banking000001

NEWS

*AI Specialist iFlyTek Reports First-Quarter Loss But Predicts a Bright 2020

The company’s net loss totaled 131 million yuan ($18.3 million) in the January-to-March period, compared with a profit of 102 million yuan a year ago, according to an announcement published Wednesday on the Shenzhen Stock Exchange’s website. Its quarterly revenue also dropped 28 % year-on-year to 1.4 billion yuan.

*India’s Curbs on Chinese Investment Might Affect Its Tech Unicorns

The Indian government’s new curbs on foreign direct investment (FDI) from China might kick the legs out from under the table of the biggest tech startups in India, experts say.

*Southeast Asian Prisons at Bursting Point Become Covid-19 Breeding Grounds

Sokhom is one of 1,850 inmates in Phnom Penh’s Correctional Center 2. The facility, Cambodia’s only prison for women and children, was built to house 350 people. It is just one example of hundreds of severely overcrowded detention facilities in Southeast Asia that experts say are ticking time bombs for an explosion of coronavirus.

FUND FLOW

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