_Financial stocks take the lead in driving the strong rise of A-shares

by dx0944030 on 2010-03-29 12:43:39

The early session of A shares in Shanghai and Shenzhen stock markets surged on March 29. The A shares quickly rose after a narrow high opening. From the performance of the market, the collective strengthening of heavy blue-chip stocks today had a significant stimulating effect on the market. Stimulated by the listing of stock index futures on April 16, the popular brokerages and futures sectors soared significantly to strengthen both markets. Financial stocks still took the lead as the 180 financial index once rose 1.9% in the early period. Industrial Bank had the largest increase, rising nearly 4%. The shareholders' meeting of Industrial Bank passed the profit distribution plan for year 2009: cash dividends of RMB 5 per 10 shares. With continued strong attacks, the banking sector became the main force for multiple parties, which made the SSE Composite Index surge rapidly. As a whole, after a period of consolidation in the previous stage, the market may possibly break through.

From the market conditions, individual stocks generally rose. Weighted sectors such as coal, finance, oil and petrochemicals, and nonferrous metals were among the top gainers. International Industry (000159) hit the upper limit; Industrial Bank (601166) rose 5.16%; Ping An Insurance (601318) rose 4.33%; CITIC Securities (600030) rose 3.32%; Jien Nickel Industry (600432) rose 8.01%; Sinopec Corp (600028) rose 2.54%. Real estate, biopharmaceuticals, papermaking and printing, and steel sectors also strengthened. Vanke A (000002) rose 2.15%, Chenming Paper (000488) rose 1.44%, Huali Pharmaceutical (000607) hit the upper limit, Bayi Steel (600581) rose 3.11%. Information electronics, hotels and tourism, media entertainment, clothing and footwear sectors performed slightly weaker. Rihai Communications (002313) fell 3.73%, Beijing Tourism (000802) fell 3.37%, Publishing Media (601999) fell 1.45%, Jiangsu Sanyou (002044) fell 2.19%. In the new stock sector, N Water Conservancy (601158) rose 68.34%, and about 20-30% of stocks in both markets fell. Related thematic articles: _Attack 3080-3100 Again - Pay Attention to Two Essential Conditions _Tongde Chemical: Small-cap Growth Stock with Obvious Regional Advantages _Multiple Forces Drive Style Conversion, Breakthrough of the Market is Imminent This article comes from:

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