© Reuters. The A-share Year of the Tiger has a happy ending: Foreign capital has once again increased its position by more than 9 billion. The Year of the Rabbit may welcome multiple positives
Investing.com – Investing.com – Friday (20th), major stock indexes and most industries collectively rose on the last trading day of the Year of the Tiger. Among individual stocks, 3869 stocks rose and 1151 stocks fell.
At the same time, although the Spring Festival holiday is approaching, the turnover has unexpectedly increased. Today, the turnover of the A-share market and the two markets was 749.1 billion yuan, compared with 687 billion yuan in the previous trading day, showing that the view of holding shares for the festival has the upper hand. However, foreign capital continued to increase their positions significantly, with a net purchase of 9.256 billion yuan of northbound funds and a net inflow of 11.249 billion yuan.
As of market close:
- Up 0.76%, to close at 3264.81 points;
- Up 0.57%, to close at 11980.62 points;
- Up 0.56%, to close at 2585.96 points;
- Up 0.54%, to close at 1029.14 points;
- At the time of writing, it was up 0.31% at 13,960.0 points.
On the board, most industries rose. Gold stocks led the industry with the soaring gold price. Other metal mining, coal, communication services, steel, Chinese prefixes, and salt lake lithium extraction stocks were also among the top gainers, but securities stocks fell.
The international spot gold price soared by about 1.5% yesterday, driving Intime Gold (SZ: ) to a daily limit, Hunan Gold (SZ: ) up 6.55%, and Chifeng Gold (SS: ) up 4.91%.
High copper prices also supported Zijin Mining (SS:) to rise 2.85%, Yunnan Copper (SZ:) rose 3.55%, and Jiangxi Copper (SS:) rose 1.66%.
Looking ahead, Guo Yiming, an analyst at Jufeng Investment Consulting, said, “Actually, after the Spring Festival, there are still many potential positive boosts in the market. For example, it can be expected that, on the one hand, there is a high probability that domestic incremental funds will enter the market. As the market as a whole With the increase of the market, the effect of making money continues to emerge. With the boost of foreign capital sweeping goods, domestic capital is also expected to usher in a resonance.” He also pointed out that the two sessions after the holiday are also expected to provide support from the policy side.
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Editor: Liu Chuan
