DZ20220526

 

*Key points

Policy

*The State Council held teleconference on stabilizing economy nationwide which emphasized to ensure reasonable economic growth in Q2 and declining unemployment ratio. Policies announced by the Central Economic Work Conference and Government Work Report shall be completed in 1H with detailed measures to stabilize economy to be issued by end May. As many as policies to support enterprises and poverty alleviation shall be issued by local governments and fair treatment ensured to all market entities.

*Premier Li Keqiang said timing window shall be caught at key point in determination of economic trends for the year. Policy reserve shall be carried forward with room left for macro policy. Jamming point between logistics and industrial chain to be smoothed for production resumption and basic living allowance to be distributed to residents in difficulties. Inspection teams to be sent out to 12 provinces on May 26th on inspection of policy implementation.

*The State Council issued opinions to efficiently use existing asset and to expand effective investment in fields like infrastructure and projects with exploration value, traffic hub, old plants and non-core business asset of state enterprises.

 

Financials

*Shenzhen Stock Exchange 2022 world investor conference was held on May 24th which said to create market environment in attraction of medium-long term fund with service system optimized for global investors and dual opening-up promoted.

 

Co Focus

*Vice premier Hanzheng investigated CATL,SAIC and Star-Net Communication in Fujian and pointed out to further carry out innovation driven development strategy with breakthrough of key tech supported.

 

*Block Trade Info

*Discount

- Cofco Capital (002423 CH) saw 2 block trades worth 128mn at 6.38yuan per share, 2.74 discount from last closing.

- Ping An Insurance (601318 CH) saw 1 block trade worth 16mn at 40yuan per share, 7.47 discount from last closing.

- Dongguan Eontec Co (300328 CH) saw 13 block trade worth 87mn at 6.26yuan per share, 17.68discount from last closing.

- Risesun Real Estate (002146 CH) saw 4 block trades worth 12mn at 2.95 yuan per share, 8.1 discount from last closing.

 

 

 

 

*Flat

- S.F. Holding (002352 CH) saw 5 block trades worth 78mn at 48.5yuan per share, 0.00 discount from last closing.

- BOE Tech (000725 CH) saw 4 block trades worth 49mn at 3.88yuan per share, 0.00 discount from last closing.

 

*Margin Trade

*Connection Trade

*Index Futures

*Index Options

*Treasury Futures

 

*Night Session Commodities Market (As of 02:30 am)

 

Commodities (night session):

 

* Global crude oil price rose collectively. July NYMEX crude oil contract up 0.88% to closed at $110.74/b, July Brent contract up 0.7% to closed at $111.46/b. INE crude oil active contract up 0.91% to 708 yuan/b.

* COMEX gold active contract fell 0.72% to closed at $1852/oz, SHFE gold active contract closed at 399.12 yuan/gram (down 0.03%).

* Metals mostly closed down. LME aluminum down 1.15%, copper down 0.82%. SHFE aluminum up 0.64%, copper down 0.32%.

* Commodity futures performed mixed, Energy & chemistry futures saw diverge performance, LPG up 1.73%, LLDPE up 1.72%, whereas bitumen down 1.24%. Black series mostly closed down, coking coal down 1.77%, coke down 1.61%. Agriculture futures saw diverge performance, corn starch up 0.65%, RBD palm olein down 0.89%.

 

 

 

 

 

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