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China Fund News Taylor

Hello everyone, let’s review today’s A-share market.

The Shanghai Composite Index fluctuated with reduced volume today. As of the close, the Shanghai Composite Index rose 0.09%, the Shenzhen Component Index fell 0.59%, and the ChiNext Index fell 0.63%.

The share prices of the four major banks all hit new highs. Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China and China Construction Bank rose by about 2% in late trading, and their share prices all hit new historical highs.

China Yangtze Power hits a new historical high!

The Shenwan Hongyuan strategy team believes that the weak and volatile market will continue in the third quarter, and the index center will rise in the fourth quarter. In terms of style, low-volatility dividends will prevail in the third quarter., key industries include electricity, power grid equipment, and banking.

The coal sector led the gains, with Shanxi Coal International and China Shenhua Energy among the top gainers.

The film and television concepts strengthened, Jinyi Film and Television hit the daily limit, Huanrui Century, Wanda Film, Tangde Film and Television, Central South Media and others rose by more than 3%.

Mysterious funds may enter the market again to protect the market, and the trading volume of many ETFs such as the CSI 300 ETF, CSI 500 ETF and CSI 1000 ETF has increased sharply.