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GUOSEN Closing Bell (May 6)

By:

Sales Trader, International Business Division

MARKET

In the PM session, market continued to increase. Till market end, Electronic and Communication led the gain. Banking and Customer Service led the fall. In total, both markets traded 721.11 billion RMB, up 6.19%.

OpenClose% Change(bn yuan)
Shanghai2831.632878.140.63303.89
Shenzhen10618.1710883.221.51417.22
CSI 3003867.263936.250.61214.94
ChiNext2052.392110.271.97137.45
SectorTop 1Led byTop 2Led by
Upward-leadingElectronic688123Communication688159
Downward-leadingBanking601166Customer Services300178

NEWS

*Chinese Semiconductor Firm SMIC Eyes Shanghai High-Tech Board Listing

Hong Kong-listed Chinese chipmaker Semiconductor Manufacturing International Corp. (SMIC) said Tuesday its board of directors has approved plans for a listing on Shanghai’s Nasdaq-like high-tech STAR market, making it the latest Chinese tech company to “return” to mainland public capital markets for fresh funds.

*Shanghai to Get Shot of ‘Happiness’ with Disneyland Reopening

That’s the word contained in a Wednesday morning announcement from a company that likes to call its parks the “Happiest Place on Earth.” The Shanghai park has been closed for more than three months since China’s outbreak began to crest in late January. Some areas of the larger resort area previously began to reopen as the outbreak eased, but the main theme park has remained shut.

*Beijing receives more than 4.6m tourists during May Day holiday

FUND FLOW

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