China News Service, Beijing, June 1 (Reporter Chen Kangliang) On the first trading day of June, China's A-shares performed relatively smoothly. Among the major stock indexes, only the Shanghai Composite Index fell slightly, and other stock indexes ended in red.
As of the close of the day, the Shanghai Composite Index reported 3,182 points, down 0.13%, with a turnover of 402.4 billion yuan (RMB, the same below); the Shenzhen Component Index reported 11,551 points, an increase of 0.21%, with a turnover of 482.9 billion yuan; the ChiNext Index reported 2,428 points, up 0.99%.
Shen Zhengyang, an analyst at Northeast Securities, said that the overall performance of A-shares was stable that day, and with the resumption of work and production in Shanghai and other places, it brought trading opportunities for the restoration of the industrial chain and demand side.
However, there are also some investors who worry about whether the economic recovery in Shanghai and other places can quickly improve after the resumption of production and work, and the volatility of global markets before and after the Fed's interest rate meeting in mid-June.
In terms of specific sectors, most sectors of A-shares rose that day.
Among them, the automotive sector performed brightly, leading the rise in A shares, and related sectors such as automotive services and automobiles rose 4.62% and 3.58% respectively.
On May 31, the Ministry of Finance of China and the State Administration of Taxation issued an announcement stating that in order to promote automobile consumption and support the development of the automobile industry, the purchase date is from June 1, 2022 to December 31, 2022 and the price of bicycles (not The vehicle purchase tax is halved for passenger cars with a displacement of 2.0 liters and below that do not exceed 300,000 yuan (including value-added tax).
In addition, in order to support the consumption of new energy vehicles, guide the green travel of rural residents, promote the overall revitalization of the countryside, and help achieve the goal of carbon peaking and carbon neutrality, the Ministry of Industry and Information Technology, the Ministry of Agriculture and Rural Affairs, the Ministry of Commerce, and the National Energy Administration recently jointly issued a notice to deploy and carry out 2022 New energy vehicles to the countryside activities.
Huang Xili, an analyst at Soochow Securities, said that recently, China's official policies to stimulate auto consumption have been implemented one after another, exceeding market expectations.
It is expected that the introduction of this round of stimulus policies will have a significant effect on the automobile industry.
Looking forward to the market in June, Dongguan Securities analyst Fei Xiaoping said that the major A-share stock indexes have begun to stabilize and rebound in May.
Entering June, with the easing of the domestic new crown pneumonia epidemic, the acceleration of various stabilizing growth policies, and the recovery of market sentiment, A shares are expected to continue the shock recovery trend.
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