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GUOSEN Closing Bell (April 30)

By:

Sales Trader, International Business Division

MARKET

In the PM session, market is stable and fluctuated at high level. Till market end, Electronic and Communication led the gain. Medical and Food & Beverage led the fall. In total, both markets traded 679.10 billion RMB, up 27.46%.

OpenClose% Change(bn yuan)
Shanghai2832.382860.081.33277.44
Shenzhen10575.5210721.781.97401.66
CSI 3003880.413912.581.18202.27
ChiNext2044.682069.431.92136.31
SectorTop 1Led byTop 2Led by
Upward-leadingElectronic688123Communication600355
Downward-leadingMedical603387Food & Beverage002695

NEWS

*Tianjin e-commerce firms spend $216m on poverty alleviation

E-commerce companies from Tianjin purchased agricultural goods worth 1.53 billion yuan ($216 million) from over 10 places in China’s less-developed western and interior regions such as Shaanxi province, the Xinjiang Uygur autonomous region and Gansu province recently.

*China’s dairy giant Yili’s revenue tops 90b yuan in 2019

Chinese dairy giant Inner Mongolia Yili Industrial Group Co Ltd generated a revenue of 90.2 billion yuan (about $12.8 billion) in 2019, up 13.4 percent year-on-year, the company announced Tuesday.

*Tesla’s Shanghai factory to hit output of 4,000 per week

FUND FLOW

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