Home » The three major A-share indexes collectively rose by more than 4,600 stocks in the two cities, and the semiconductor sector led the gains_Securities News_Finance_CICC Online

The three major A-share indexes collectively rose by more than 4,600 stocks in the two cities, and the semiconductor sector led the gains_Securities News_Finance_CICC Online

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A-share Indexes Rose Collectively, More Than 4,600 Stocks in Two Cities Turn Red

The three major A-share indexes, the Shanghai Stock Exchange Index, the Shenzhen Component Index, and the GEM Index, collectively rose on February 7th. Additionally, more than 4,600 stocks in the two cities turned red. The market saw an increase in various sectors such as semiconductors, high-bandwidth memory, space-based interconnection, PVDF concept, memory chips, Huawei Ascend, nuclear pollution prevention and control, data security, digital sentry, and others. However, stocks in the ST and banking sectors experienced declines.

As of midday closing, the Shanghai Stock Exchange Index rose by 1.15% to 2862.31 points, the Shenzhen Component Index rose by 2.24% to 8903.53 points, and the GEM Index rose by 2.16% to 1743.84 points. The Science and Technology Innovation 50 Index rose by 1.85% to 757.18 points, and the North Securities 50 Index rose by 0.96% to 817.44 points. The total half-day turnover in the two cities was 653.2 billion, with northbound funds buying 5.328 billion in net.

In terms of daily limit stocks, 140 stocks closed at the limit, indicating a closing rate of 71.07%. The computer sector, chip concepts, and military industry stocks saw significant gains, with several stocks hitting their daily limit. Northbound funds saw a net inflow of 5.328 billion yuan, with Shanghai Stock Connect and Shenzhen Stock Connect contributing to this influx.

In other news, the China Securities Regulatory Commission announced the appointment of Wu Qing as Party Committee Secretary and Chairman. The National Bureau of Statistics reported a rise of 0.3% month-on-month in the Consumer Price Index (CPI) in January and a 2.5% year-on-year decrease in the Producer Price Index (PPI). Additionally, rumors regarding a recall of all securities lending and the continuous increase in holdings of the central bank’s gold reserves were addressed by relevant authorities.

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Furthermore, several brokerage firms provided insights and forecasts on various industries including power, real estate, medical devices, condiments, rare earths, and photovoltaic sectors, showcasing the latest trends and investment opportunities.

Overall, the A-share market experienced positive gains in various sectors while also addressing major developments in regulatory and economic policies.

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