Today's Stock Market Trend
On Monday, the Shanghai and Shenzhen stock markets opened significantly lower with gaps. Subsequently, the Shanghai Composite Index (PZI) rose steadily, turning strongly from red to green, recovering the 3000-point mark, and successively crossing above the 120-day, 20-day, 60-day, 5-day, and 10-day moving averages, presenting a major reversal trend. By the close of trading, the PZI had risen by 2.70% to close at 3076.65 points. The trading volume in both markets significantly increased.
As of 15:00, the PZI was reported at 3076 points, up 80 points, with a trading volume of 158.7 billion yuan; the Shenzhen Component Index (SZCI) was reported at 12715 points, up 418 points, with a trading volume of 101.5 billion yuan.