China News Agency, Beijing, July 13 (Reporter Chen Kangliang) Following the adjustments made in the previous trading day, China's A shares resumed their gains on the 13th, and all four major stock indexes rose. Among them, the GEM index rose nearly 4%, hitting a new high for the year.
As of the close of the day, the Shanghai Composite Index reported 3443 points, an increase of 1.77%, and a turnover of 717.4 billion yuan (RMB, the same below); the Shenzhen Stock Exchange Index reached 14149 points, an increase of 3.5%, and a turnover of 955 billion yuan; the small and medium-sized board index reported 9502 points, an increase 3.85%; GEM index reported 2889 points, up 3.99%.
Guotai Junan analyst Li Shaojun said that the risk-free interest rate down to promote incremental capital into the market is the core driver of the current round of the stock market. An important sign of the current round of risk-free interest rate decline is the decline in bank wealth management income. Correspondingly, the newly issued partial-share fund shares increased.
Li Shaojun believes that the recent policy cooling or reducing the risk appetite of investors in the market in the short term, but the reform of China's capital market is not stopped, and the risk-free interest rate decline to promote the entry of incremental funds will not stop here.
In terms of specific sectors, most of the A-share sectors rose on the day. Among them, the pork sector led the way, rising nearly 6%.
According to the news released by the Ministry of Agriculture and Rural Affairs on the 13th, since February of this year, pork prices have dropped for three consecutive months and started to rise in June. The second week of July (July 6-July 12), the National Fair The average price of pork in the market is 53.15 yuan per kilogram, which has risen for 6 consecutive weeks, an increase of 15.6%, but it is 6.49 yuan lower than the high point in mid-February. According to the analysis of the Ministry of Agriculture and Rural Affairs, this round of pork price increase is mainly driven by consumption. The recent heavy rains in the south have affected the transfer of live pigs and pork to a certain extent and pushed up the prices of live pigs in some areas. (Finish)