© Reuters A-share market closes as Shanghai Composite index rises for four consecutive days
Investing.com – The Shanghai Composite Index rose for four consecutive days on Thursday (5), continuing to hit a new high since mid-December. Both the Shenzhen Component Index and ChiNext Index are up more than 2%.
Turnover stood at 800 billion yuan, today the turnover of the A-share market and the two markets was 842.7 billion yuan, fluctuating slightly below 800 billion yuan for two consecutive days. Foreign capital was bought in large quantities, with a net purchase of northbound funds of 12.753 billion and a net inflow of 15.516 billion.
At market close:
- Up 1.01%, to close at 3155.22 points;
- Up 2.13%, to close at 11332.01 points;
- Up 2.76%, to close at 2399.46 points;
- Up 1.15%, to close at 983.52 points;
- At the time of writing, it was up 2.14% to 13,356.0 points.
On the board, liquor, lithium battery, photovoltaic and white horse stocks were sought after by funds, retail, hotel and restaurant stocks were the biggest losers, and real estate stocks declined.
Liquor shares generally surged, including Kweichow Moutai (SS:) settled at 1,800 yuan and today rose 4% to 1,801.00 yuan, hitting a new high in about 3 months, rebounding 35% from the low of October last year. And Wuliangye (SZ:) also climbed 5.81%, Luzhou Laojiao (SZ:) climbed 6.15%.
At the same time, Ningde Times (SZ:) grew by 6.12%, with sales exceeding 10 billion; Oriental Fortune (SZ:) was up 5.27% and China CDFG (SS:) was up 5.02%.
However, Guo Yiming, an analyst at Jufeng Investment Consulting, pointed out that although “the index has risen again under the influence of short-term benefits, we still need to be cautious in the face of uncertainty on many sides, especially after the continued rebound, the market has been traded and effectively released, and the overall uptrend may be suppressed.
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