CSI300 dropped 2.7%
Editor’s Note: As always, we would appreciate any feedback you have. It will help us make this app more useful to you.
The CSI 300 fell 2.7% this week on volume below the average and lower than the last week. The market condition was Downtrend. The index continued to fall this week. Support is back to the February 2 low of 3108. Resistance remains at the 21DMA. The official manufacturing PMI came in at 49.1 in August, lower than both the previous reading and expectations and unchanged from February, which is the lowest level in 2024. The Caixin manufacturing PMI came in at 50.4, higher than the previous reading of 49.8, and back in expansion. Caixin manufacturing PMI was 50.4, higher than the previous value of 49.8, back to the expansion. It is recommended to pay attention to the U.S. non-farm payrolls data this Friday, or provide an important reference for the Fed’s path of interest rate cuts. Currently the market sentiment is low, investors are advised to take a cautious approach. The daily northbound inflow/outflow data from August 19th onwards will not be published.
Leading: Consumer Cyclical (-0.3%), Communication Service (-0.5%), Financial (-1.2%); Lagging: Energy (-5.7%), Technology (-3.9%), Basic Materical (-3.4%).
【A33】portfolio fell 4.4% with 6 stock up and 27 down. Leading biopharmaceutical company in peptide drugs Sinopep Allsino Bio Pharmaceutical (688076) led the gains. The stock rose 5.3% this week. RS and AD ratings were 99 and E. DG rating was 80.
What do you think? Please email us any questions or comments.
Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. It is for educational purposes only.
published on September 6, 2024