CSI300 dropped 1.0%
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The CSI 300 fell 1.0% this week on volume below the average but higher than the last week. The market condition was Downtrend. The index was mixed this week, with a fierce battle between the bulls and the shorts. Support is still at Feb 27th low of 3437. Next support is at Feb 2nd low of 3108. Resistance is at 100DMA and 200DMA. As of June 21, all three major exchanges, including the Shanghai and Shenzhen stock exchanges as well as the Bejing Stock Exchange, have resumed accepting IPOs. Industrial enterprise profits rose 3.4% year-on-year in January-May, lower than the previous value. Market sentiment continues to be sluggish with little incremental capital. Investors are advised to operate cautiously and adopt a defensive strategy. Follow-up attention is the twentieth session of the Third Plenary Session, which will be held in mid-July. Northbound outflow via the HK-China Stock Connect was RMB11.8B.
【A33】portfolio lost 0.6% with 14 stock up and 19 down . The listed company producing the core civil products in China Shipbuilding Group China CSSC Holdings (600150) led the gains. The stock rose 6.5% this week. RS and AD ratings were 96 and B. DG rating was 84.
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published on June 28, 2024