CSI300 gained 0.8%
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The CSI 300 rose 0.8% this week on volume above the average but lower than the last week. The market condition was Confirmed Uptrend. The index was relatively flat this week. Support is at the Oct. 18 low of 3,765 and resistance is at the Oct. 8 high of 4,450. The one-year and five-year Loan Prime Rates (LPRs) were reduced by 25 basis points each, with the five-year LPR reduced from 3.85 percent to 3.6 percent and the one-year LPR reduced from 3.35 percent to 3.1 percent. Investors can keep an eye on the U.S. presidential election as it approaches. At the same time, we recommend investors to pay attention to the third quarter earnings reports, and pick stocks with good technicals and fundamentals.
Leading: Industrial (+4.4%), Basic Material (+4.3%), Consumer Cyclical (+4.0%); Lagging: Communication Service (-2.2%), Financial (-1.0%), Utility (+0.5%).
【A33】portfolio rose 0.4% with 18 stock up and 15 down. Manufacturer of photovoltaic and green energy equipment Shenzhen Sc New Shn Sc En (300724) led the gains. The stock rose 14.2% this week. RS and AD ratings were 85 and A+. DG rating was 69.
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published on October 25, 2024