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GUOSEN Closing Bell (April 9)

By:

Sales Trader, International Business Division

MARKET

In the PM session, market continued to fluctuate above the yesterday level. Till market closed, Medical and Customer Service led the gain. Electronic and Textile led the fall. In total, both markets traded 653.17 billion RMB, down 3.09%.

OpenClose% Change(bn yuan)
Shanghai2825.842825.90.37247.39
Shenzhen10453.8610463.050.74405.78
CSI 3003798.493792.810.33154.60
ChiNext1981.241997.141.65142.51
SectorTop 1Led byTop 2Led by
Upward-leadingMedical300143Customer Service000428
Downward-leadingElectronic688037Textile002674

NEWS

*China issues coupons to stimulate consumption

Nearly 50 cities from 16 provinces and regions issued coupons with cumulative value ranging from millions to hundreds of millions of yuan by April 8.

*Export of fresh milk to China to resume once production returns

Renowned New Zealand dairy enterprise, Milk New Zealand Dairy Ltd, said on Thursday that as long as airfreight operates, Milk New Zealand remains committed to the export of fresh milk to China.

*China’s rail freight volume grows 4.5% in March

China’s rail freight volume, an indicator of broad economic activity, amounted to 346 million tons in March, rising 4.5 percent from a month earlier according to the China Railway Corporation.

*Hong Kong Pushes $18 Billion Stimulus to Avoid ‘Massive Layoffs’

Hong Kong Chief Executive Carrie Lam announced a fresh stimulus package worth about HK$137.5 billion ($17.7 billion) to support the city’s deteriorating economy amid the coronavirus outbreak, with a main focus on job retention.

FUND FLOW

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