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GUOSEN Closing Bell (April 24)

By:

Sales Trader, International Business Division

MARKET

In the PM session, market kept fluctuate at low level. Till market end, Food & Beverage and Coal led the gain. Textile and Medical led the fall. In total, both markets traded 625.22 billion RMB, down 6.76%.

OpenClose% Change(bn yuan)
Shanghai2834.942808.53-1.06244.12
Shenzhen10565.0910423.46-1.33381.10
CSI 3003826.313796.97-0.86138.96
ChiNext2032.552003.75-1.27122.06
SectorTop 1Led byTop 2Led by
Upward-leadingFood & Beverage002568Coal600758
Downward-leadingTextile600527Medical688068

NEWS

*Air Taxi Maker EHang Eyes Scenic Guangxi for World’s First ‘Airport’ for Self-Flying Vehicles

Chinese flying carmaker EHang has announced plans to build what it says will be the world’s first ‘e-port’ in the city of Hezhou to commercialize its autonomous aerial vehicle services for use by tourists. The city shares the same karst topography that has made the better known nearby city of Guilin a must-see stop for both domestic and international tourists.

*Work resumption lighting up night of China

Chinese Average Light Index (ALI), based on satellite imagery of night lighting, had increased by about 200 percent in early April compared with that of early February, according to Chen Dong from the big data development department of the State Information Center.

*China top pig producer’s profits more than triple in 2019

China’s top pig and poultry producer Wens Foodstuff Group Co said Friday that its net profits more than tripled in 2019. Net profits surged 253 percent year-on-year to 13.97 billion yuan (about $1.97 billion) last year, according to a statement filed to the Shenzhen Stock Exchange.

*Shanghai issues more license plates to spur auto sales

Shanghai has added 40,000 license plates of non-commercial vehicles to its annual quotas for the year to spur car sales, local authorities said Thursday.

FUND FLOW

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