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GUOSEN Closing Bell (Mar 26)

By:

Sales Trader, International Business Division

MARKET

In the PM session, market changed direction and moved downward. Till market closed, Medical and Agriculture led the gain. Communication and Electronic led the fall. In total, both markets traded 642.47 billion RMB, down 14.49%.

Open Close % Change (bn yuan)
Shanghai 2761.9 2764.91 -0.6 248.28
Shenzhen 10161.94 10155.36 -0.84 394.19
CSI 300 3692.61 3698.05 -0.66 169.34
ChiNext 1922.79 1927.28 -0.55 127.11
Sector Top 1 Led by Top 2 Led by
Upward-leading Medical 300318 Agriculture 600127
Downward-leading Communication 600745 Electronic 603577

NEWS

*Chinese Flying Car-Maker Logs Revenue Boost as ‘Air Taxi’ Sales Take Off

EHang, the Chinese maker of self-driving “air taxis,” reported strong revenue growth and a narrowing net loss in the fourth quarter of 2019 as sales of its aerial vehicles ballooned. (China Daily)

*Xinjiang to cut insurance costs worth 6.73 bln yuan for 100,000 companies

Northwest China’s Xinjiang Uygur autonomous region will exempt or reduce insurance premiums worth 6.73 billion yuan (around $946.6 million) for nearly 100,000 companies amid the novel coronavirus epidemic, local authorities said. (China Daily)

*Tongcheng-Elong predicts profitable Q1

According to the company’s annual financial results ended December 31, 2019, Tongcheng-Elong saw revenue rise by 21.4 percent from 6.09 billion yuan ($85.7 million) in 2018 to 7.39 billion yuan in 2019. (China Daily)

FUND FLOW

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