CSI300 gained 1.2%
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The CSI 300 rose 1.2% this week on volume above the average but lower than the last week. The market condition was Confirmed Uptrend. The index rebounded this week after falling to the 50DMA and remains blocked by the 200DMA. The key moving averages continue to converge. Both the one-year and five-year LPRs remained unchanged. U.S. GDP grew 1.6% year-on-year in the first quarter, lower than expectations and the previous value, indicating that the U.S. economy slowed in the first quarter. The US core PCE price index rose 3.7% year-on-year in the first quarter, higher than expectations and previous values, with inflationary pressures remaining high. Expectations for interest rate cuts have cooled significantly. The market is rotating rapidly, and investors are advised to focus on a selection of stocks that are strong both technically and fundamentally. Northbound inflow via the HK-China Stock Connect was RMB25.8B.
Leading: Technology (+5.2%), Healthcare (+4.6%), Consumer Staple (+3.7%); Lagging: Energy (-5.7%), Communication Service (-2.2%), Utility (-1.2%).
【A33】portfolio fell 0.4% with 16 stock up and 17 down . A company whose main business is the distribution and exhibition of movies Shanghai Film (601595) led the gains. The stock rose 16.9% this week. RS and AD ratings were 94 and A. DG rating was 73.
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published on April 26, 2024