The Shanghai Composite Index skilled a day of ups and downs on May 22, because it initially fell and rose in early buying and selling earlier than bouncing again attributable to market shocks. Throughout the day, the index fluctuated inside a small vary however finally closed at 3158.54 factors, up 0.02% with a revenue of 364.138 billion yuan.
The GEM Index additionally noticed fluctuations, closing at 1877.93 factors, up 0.88% with a revenue of 204.132 billion yuan. The whole turnover of the Shanghai and Shenzhen inventory markets reached 831.284 billion yuan, a major improve from the earlier buying and selling day.
In phrases of money circulate, there was an outflow of 6.112 billion yuan in the primary funds within the Shanghai and Shenzhen inventory markets. Several industries skilled capital inflows, with surplus housing and building supplies topping the listing. On the opposite hand, industries like nonferrous metals, food and drinks, pharmaceutical biology, and communication noticed vital outflows.
Individual shares additionally noticed various ranges of capital inflows and outflows, with firms like Longi Green Energy, TCL Central, and JA Solar Technology receiving main capital inflows. Meanwhile, CITIC Overseas Direct, China Merchants Bank, and Tianfu News skilled vital outflows.
Northern funds had been energetic out there, with a transaction quantity of 113.436 billion yuan and a complete buy quantity of 4.776 billion yuan. Stocks like Time for Ningde, Zijin Mining, and Longi Green Energy had been amongst these most purchased by funds heading north.
Overall, the market noticed a mixture of constructive and detrimental developments, with sure industries like energy tools, housing, and electronics experiencing development whereas others like nonferrous metals and petroleum and petrochemical industries noticed declines.
The Dragon and Tiger List confirmed continued institutional exercise, with establishments shopping for and promoting numerous shares. Trina Solar and Megmeet had been among the many most purchased and bought shares by establishments.
It was a day of combined fortunes for the Shanghai and Shenzhen inventory markets, with buyers navigating by means of numerous ups and downs out there. As all the time, buyers are urged to train warning and conduct thorough analysis earlier than making any funding choices.