CSI300 dropped 0.2%
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The CSI 300 fell 0.2% this week on volume above the average and higher than the last week. The market condition was Downtrend. This week’s index pulled up strongly on Friday, reaching the 21DMA and volume zoomed significantly. Support is at Thursday’s low of 3277.7. Resistance is still at the 21DMA. The medium-term lending facility (MLF) was left unchanged at 2.3% in August. Industrial corporate profits rose 3.6% year-on-year in January-July, higher than the previous value. Investors are advised to take a cautious approach. The daily northbound inflow/outflow data from August 19th onwards will not be published.
Leading: Technology (+3.0%), Real Estate (+2.6%), Basic Materical (+2.6%); Lagging: Financial (-2.3%), Utility (-1.6%), Communication Service (-1.5%).
【A33】portfolio rose 0.7% with 17 stock up and 16 down. Leading Commutator Company in China Shenzhen Kaizhong Precision Tech (002823) led the gains. The stock rose 13.9% this week. RS and AD ratings were 98 and B+. DG rating was 68.
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published on August 30, 2024