DZ20220602

 

*Key points

Policy

*Premier Li Keqiang held the State Council general meeting which aimed to accelerate implementation of a batch of policies to stabilize economy with cny 140bn more tax deduction and refund to be issued by July and cny 800bn credit quota increased for policy bank to support infrastructure construction. Measures to support legitimate listing of platform economy to be carried forward.

 

Index Adjustment

*FTSE Russell to adjust FTSE China A 50 constitutes and to add in 600585, 601998 and 600438 while delete 300122, 000651 and 601857, to take effect after market closing on June 17th.

 

Industrial Economy

*The 2nd round of centralized land supply in Beijing sold 14 out of 17 sites in total amount of cny 49.96bn and 4 sites have reached upper limit set for land price.

 

Co Focus

*Junshi Bioscience (688180 CH) clarified rumors saying its covid vv116 oral medicines are not allowed for public release given substandard efficacy which is untrue.

 

June 1st Block Trade

*Block Trade Info

*Discount

- SMIC (688981 CH) saw 2 block trades worth 75mn at 41.51yuan per share, 2.9 discount from last closing.

- Zhongnan Heavy Industries (002445 CH) saw 1 block trade worth 32mn at 2.15yuan per share, 2.71 discount from last closing.

- Zhenhua Chemical (603067 CH) saw 2 block trades worth 115mn at 11.09 yuan per share, 5.9 discount from last closing.

- New Hongtai (603016 CH) saw 4 block trades worth 39mn at 15.61yuan per share, 13.08 discount from last closing.

- Salt Lake (000792 CH) saw 4 block trades worth 92mn at 30.57yuan per share, 1.00 discount from last closing.

- Ming Yang Smart (601615 CH) saw 14 block trades worth 162mn at 23.41yuan per share, 6.81 discount from last closing.

- Lakala (300773 CH) saw 3 block trades worth 40mn at 17.86yuan per share, 2.08 discount from last closing.

- Apt Medical (688617 CH) saw 2 block trade worth 112mn at 167yuan per share, 19.58 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):

* July NYMEX crude oil contract up 0.1% to closed at $114.79/b, August Brent contract up 0.26% to closed at $115.90/b. INE crude oil active contract down 1.63% to 730.3 yuan/b.

* COMEX gold active contract up 0.06% to closed at $1849.5/oz, SHFE gold active contract closed at 398.32 yuan/gram (up 0.21%).

* Metals mostly performed mixed. LME aluminum down 2.26%, copper up 0.77%. SHFE aluminum down 0.12%, copper up 0.45%.

* Commodity futures mostly rose, Energy & chemistry futures saw strong performance, bleached soft kraft pulp up 2.66%, bitumen up 1.56%. Black series all closed up, iron ore up 2.16%, coke up 1.28%. Agriculture futures mostly went down, cotton yarn down 1.08%, rapeseed meal down 1.03%.

 

Download PDF

 

 

 

DISCLAIMER

The report is issued by Orient Securities Co. LTD (Orient Securities) and Shanghai Orient Futures Co. LTD (Orient Futures) to institutional investors. Opinions expressed may differ from those of other divisions of Orient Securities, including Orient Securities Research Institute. Orient Securities may trade as principal in instruments identified herein and may accumulate/have accumulated a long or short position in instruments or derivatives thereof. Orient Securities has policies designed to negate conflicts of interest. This e-mail is not an official confirmation of terms and unless stated, is not a recommendation, offer or solicitation to buy or sell. Any prices or quotations contained herein are indicative only. Communications may be monitored.