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Two major sectors, strongly surging!
【Guide】National stockpiling, pig meat sector rebounds; oil and gas, innovative medicine sectors surge strongly
Chinese Fund Reporter Zhang Zhou
Hello everyone! Today is Thursday, let’s focus on the latest market trends and news in A-shares.
On the morning of April 2nd, the three major A-share indices collectively declined. By midday, the Shanghai Composite fell 0.53%, the Shenzhen Component dropped 1.15%, the ChiNext Index declined 1.78%, and the STAR Market Composite decreased 1.99%.
Most stocks declined. A total of 1,186 stocks rose, with 23 hitting the daily limit, while 4,215 stocks fell.
In the market, the pig meat concept sector rebounded strongly, led by oil and gas, shipping, energy equipment, and other sectors. The innovative drug sector continued its strength, while sectors like precious metals, communications services, and glass fiber saw the largest declines.
Hong Kong markets showed mixed performance, with the Hang Seng Biotechnology Index rising. As of the report, the Hang Seng Index fell over 1%, the Hang Seng Tech Index dropped over 2%, and the Hang Seng Biotechnology rose 0.64%. Among individual stocks, Zai Lab, NuCure Biopharma, GenScript Biotech, Hansoh Pharma, and Kintor Pharma all rose, while Huahong Semiconductor fell more than 4%, and Xiaomi Group, SMIC, and Alibaba declined over 3%.
See details——
The country conducts central stockpiling of frozen pork
Pig sector rebounds
In the morning, A-shares’ pig sector fluctuated and rebounded.
In terms of individual stocks, Muyuan Foods rose 3.7%, currently trading at 43.76 yuan per share, with a latest market value of 250.1 billion yuan; Juxing Agriculture rose over 8%, Dayu Biological up over 7%, and Shennong Group, Huatong Co., and Haid Group also gained.
On the news front, the Ministry of Commerce and other departments are carrying out central stockpiling of frozen pork. The Ministry of Commerce website released news on Thursday stating that recently, the Ministry of Commerce, the National Development and Reform Commission, and the Ministry of Finance are conducting central stockpiling of frozen pork. Moving forward, the Ministry of Commerce will continue to closely monitor pork market trends, strengthen trend analysis, coordinate with relevant departments to manage reserves, and ensure market stability.
Oil prices rebound
Oil and gas stocks rise against the trend
In the morning, A-shares’ oil and gas sector rose, with shipping sectors becoming active again, led by oil transportation.
In individual stocks, Bohui Co. hit the 20% daily limit, Jereh Group, Hesong Petroleum, Blue Flame Holdings, and Beken Energy all hit the 10% daily limit, while Keli Co., Zhongman Petroleum, Tongyuan Petroleum, and Shouhua Gas also rose.
U.S. President Trump delivered a speech, claiming a “quick, decisive, overwhelming victory” in the Iran conflict. He also stated that Iran will never have nuclear weapons, and that in the next two to three weeks, severe strikes will be carried out against