Title: Stock Market Report: A-share Indexes Shrink and Fall, Northbound Funds Sell Net of 4 Billion
The A-share market saw a sharp decline today, with the Shenzhen Component Index and the ChiNext Index both falling by more than 1%. Over 4,100 stocks in the two cities were in the green, but northbound funds sold nearly 4 billion in net sales. The market was led by gains in the immunotherapy sector, while sectors such as coal, precious metals, synthetic biology, and electricity also performed well.
As of midday closing, the Shanghai Stock Exchange Index fell by 0.41%, while the Shenzhen Component Index fell by 1.17%. The GEM Index and the Science and Technology Innovation 50 Index also experienced declines. A total of 48 stocks hit their daily limit, closing at a rate of 75%.
In terms of individual stocks, cellular immunotherapy concept stocks saw a surge at the opening, while coal and power stocks also saw strength. On the downside, AI application directions experienced a collective adjustment.
Overall, the market saw a net outflow of 3.928 billion yuan from northbound funds, with coal and banks ranking high in net inflows in terms of industry funds.
The top 10 stocks by trading volume included Wanfeng Aowei and Changan Automobile. Additionally, news regarding Tesla’s self-driving plan in China and developments in the sporting goods and equipment industry were also reported.
Investors are advised to stay updated on market developments and operate with caution. Source of article: Oriental Fortune Choice data.
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The price of gold increased by a jump of 4 and a half thousand taka
– 2024-05-08 04:28:37
Bangladesh Jewelers Association (BAJUS) has increased the price of gold by 4 thousand 502 taka. As a result, the price of the best quality i.e. 22 carat gold bar will be 1 lakh 15 thousand 450 taka. The new gold price will be effective tomorrow, Wednesday (May 8).
This information was informed in the press release signed by Masudur Rahman, chairman of the Bajus Price Determination and Price Monitoring Standing Committee on Tuesday (May 7).
According to Bajus, the price of acidic gold has increased in the local market. The new price of gold has been fixed keeping in view the overall situation.
As per the new prices, the best quality or 22 carat gold (11.664 grams) is priced at Tk 1,15,450, 21 carat at Tk 1,10,201, 18 carat at Tk 94,455 and conventional gold at Tk 78. It will be sold for 90 thousand rupees.
While the price of gold has increased, the price of silver has been kept unchanged. According to the category, currently the price of 22 carat silver is 2 thousand 100 taka, 21 carat is 2 thousand 6 taka, 18 carat is 1 thousand 715 taka and traditional silver is 1 thousand 283 taka.
On Tuesday (May 7), 22 carat gold was sold at Tk 1 lakh 10 thousand 948, 21 carat gold at Tk 1 lakh 5 thousand 897, 18 carat gold at Tk 90 thousand 769 and traditional gold at Tk 75 thousand 489.
The price of gold increased by a jump of 4 and a half thousand taka – 2024-05-08 04:28:37
Experts call to implement a new political pact in LA
Mexico City. The only way to boost economic growth in Latin America is through the implementation of a new political pact that encourages private investment in the region, experts agreed in a forum organized by the Economic Commission for Latin America and the Caribbean (ECLAC).
During the XXXVI Regional Seminar on Fiscal Policy, a group of academics and representatives of regional and international organizations debated the fiscal situation in Latin America, the havoc left by the covid-19 pandemic and the challenges ahead.
Daniel Titelman, director of the Economic Development Division of the ECLAC region, emphasized that the great challenge for Latin American countries is to improve their fiscal policy and attract greater investment, for which it is necessary to think about tax reforms with a medium and long term vision.
An example of the region’s challenges, he said, are the challenges posed by climate change, for which investments ranging from 3 to 16 points of the gross domestic product are needed each year, “a great challenge in a region that invests and grows as little as Latin America.”
Other specialists from the International Monetary Fund, Inter-American Development Bank and United Nations Organization highlighted that the pandemic opened a space for several countries to improve their fiscal consolidation thanks to the fact that spending as a percentage of GDP remained stable.
However, they indicated, spending as a percentage of GDP in Latin American countries is still 6 or 7 points higher than prudential levels, and in the future it will be difficult to improve because inflation has not completely dropped to the levels desired by the central banks.
#Experts #call #implement #political #pact
– 2024-05-08 04:44:59
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