State-owned Enterprises index half-a-hour sharp rebound in the silver stock rally fierce
Source: Internet
Author: User
The index of state-owned enterprises rebounded significantly in Monday after releasing a persistently falling CPI and PPI data in the mainland, at midday at the top of the morning, with a rally of 293 or 2.8% to 10,798, to the 10th line, which means that short-term adjustments will come to an ending and new highs are all set. Citi also sings the potential for growth in the future, especially as ample money will continue to push China's asset prices. For today's CPI and PPI fell by 1.4% and 7.2% respectively, falling more than expected, macroeconomic analysts believe that the normal phenomenon, China's deflation worries have been eliminated, and expected to return to inflation next year. The month refers to the rise of 358 points, narrowed down to low water 50 points. Stocks rose, the bank's good silver shares led to the rise, Citic 0998-hk and Bank of China (3988-HK) rose 5.93% and 5.71%, ICBC (1398-HK) also rose 5%; Construction Bank (0939-HK) and Merchants Bank (3968-HK) rose 2.96 % and 2.53%, the performance of the Force Brace index. The stock of raw materials has also been sought after by inflation expectations, with Angang shares (0347-HK) up 7.26% per cent, the highest in the constituent stocks, the Chinalco (2600-HK) and Masteel shares (0323-HK) rose 4.64% and 5.53%, and Zijin Mining (2899-HK) 2.65%. China Coal Energy (1898-HK) May production resumed growth, the share price rose nearly 2%. The same Yanzhou coal industry (1171-HK) and China Shenhua (1088-HK) rose 3.6% and 3.45%. China Power (2380-HK), which announced the acquisition of five hydropower shares on the day, continued to take advantage of the rebound, falling nearly 3% per cent on the plate and returning to a steady 0.39% at noon. Another investment bank sang, and HSBC's principal sent its rating down to a reduction, with target prices up to HK $2.4 still lower than the current price. Citi, however, maintained its buying rating, with the target price raised from HK $2 to HK $3.2. The same kind of China Resources Power (0836-HK) Digest blue-chip stocks after the selling pressure, significantly rebound 4.4%, Huaneng International (0902-HK) fell 0.7%. The Chinese Pharmacy (1093-HK), which was hit hard after the day's release, fell 1.72%, and Goldman Sachs turned a pale, downgraded its rating from buying to neutral and raised its target price to HK $4.63, which means the current level of stock prices is reasonable. Both shipping and road stocks are higher.
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