China's A-shares welcome a "good start" in 2021, with turnover in Shanghai and Shenzhen over 1.1 trillion yuan
China News Online, January 4 (Gao Zhimiao) On the first trading day of 2021, the three major Chinese A-share stock indexes welcome a "good start."
As of the close, the Shanghai Composite Index reported 3502.96 points, an increase of 0.86%; the Shenzhen Component Index reported 14827.47 points, an increase of 2.47%; the ChiNext Index reported 3,078.11 points, an increase of 3.77%.
The trading volume of Shanghai and Shenzhen stocks reached 1.16 trillion yuan throughout the day.
Yang Delong, chief economist of Qianhai Kaiyuan Fund, told reporters that the A-share market has achieved a good start. The Shanghai and Shenzhen stock markets continue to rise. New energy “leading stocks” and consumer “white horse stocks” continue to lead the gains. .
"In 2021, economic fundamentals support the A-share market to continue to move out of the'slow bull' and'long bull'." Yang Delong said.
CITIC Securities also stated that the overall external environment in the beginning of the year is conducive to A-shares; domestic fundamentals continued to improve in the first quarter, and the year-on-year growth rate of corporate performance was elastic. Among them, the industrial and consumer sectors played a significant role in driving the A-share market. The issuance of public funds and the net inflow of foreign capital are still continuing, and there is still room for upside in the A-share market in January.
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