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China's blue-chip index firms as technology stocks shine

Reuters2021-06-28

* SSEC -0.1%, CSI300 0.1%

* FTSE China A50 -0.3%

SHANGHAI, June 28 (Reuters) - Technology stocks helped China's blue-chip index gain on Monday as investors hoped for continued policy support, while the Shanghai Composite index was pressured by a fall in financial firms.

** The CSI300 index rose 0.1% to 5,246.82 points at the end of the morning session, while the Shanghai Composite index lost 0.1% at 3,605.58 points.

** Heavyweight financial firms fell, with the CSI300 financials index down 1.5% by midday break and on track to snap a four-day rising streak.

** Helping the market, the CSI new energy and CSI consumer discretionary index rose 2% and 1.3%, respectively.

** Top battery maker Contemporary Amperex Technology $(CATL.UK)$ Co Ltd climbed 5.1% to a new high.

** Tech stocks outperformed on Monday. Shenzhen's tech-heavy start-up board rose 2.1%, and Shanghai's tech-focused STAR50 index climbed 2.2%.

** Beijing will not change or could even step up its support for the country's tech sector, which is the biggest good news for related shares in the A-share market, said Orient Securities in a report.

** The brokerage added seven emerging industries, including new energy vehicles, remain the most important directions for long-term investors.

** Data over the weekend showed profit growth at China's industrial firms slowed again in May as surging raw material prices squeezed margins and weighed on factory activity.

** Profits at China's industrial firms rose 36.4% in May from a year earlier to 829.92 billion yuan ($128.58 billion), official data showed on Sunday. That was a slowdown from the 57% surge reported in April, according to National Bureau of Statistics.

** Trading in Hong Kong's securities market was cancelled in morning session, and will resume at 0530 GMT on Monday after the cancellation of a black rainstorm warning.

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评论11

  • tyng8825
    ·2021-06-28
    Good
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  • Madmad
    ·2021-06-28
    Woah
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  • WTurtle
    ·2021-06-28
    Will be great if you can B comment!
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  • Soksok
    ·2021-06-28
    Good 
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    • EriViL
      Ok
      2021-06-28
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  • Maisquare
    ·2021-06-28
    Wow 
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    • WTurtle
      Great
      2021-06-28
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  • Cluded
    ·2021-06-28
    H
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  • capsulefong
    ·2021-06-28
    Like and comment pls 
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    • Ellen77
      Done..
      2021-06-28
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  • JamesPang
    ·2021-06-28
    Please like and comment
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    • Vin309
      Ok
      2021-06-28
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    • JamesPang
      thanks
      2021-06-28
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    • EriViL
      Done
      2021-06-28
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    查看更多 2 条评论
  • kungpao
    ·2021-06-28
    Tech stonks FTW [财迷] 
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  • mummm
    ·2021-06-28
    No idea if the first two
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  • RoxC
    ·2021-06-28
    [得意] [得意] [得意] 
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