DZ20220706

*Key points

Covid

*Shanghai launched citywide nucleic acid testing from July 5th to July 7th and regular test on weekends to be carried forward as planned.

*XiAn city in Shaanxi province to adopt 7-day temporary covid control measures from July 6th and all public places will be suspended from operation for one week.

 

Industrial Economy

*The first batch of ETFs on vaccines and Chinese traditional medicines been approved on July 5th.

 

Co Focus

*Maxscend Microelectronics (300782 CH) said on the investor interactive platform that China has no chip deals with Huawei yet as constrained by global policies.

*Oriental Yuhong (002271 CH) denied market rumors saying its Q2/1H net profit decline over estimate and suggested no large adjustment, China Securities Journal reported.

 

July 5th Block Trade

*Block Trade Info

*Discount

- SMIC (300919 CH) saw 3 block trades worth 108mn at 43yuan per share, 2.93 discount from last closing.

- Sinofibers Tech (300777 CH) saw 19 block trades worth 83mn at 46.66yuan per share, 8.87 discount from last closing.

- National Gold (600916 CH) saw 4 block trades worth 22mn at 11.07 yuan per share, 6.74 discount from last closing.

- Salt Lake (000792 CH) saw 6 block trades worth 112mn at 31.92 yuan per share, 0.85 discount from last closing.

- Nanomicro Tech (688690 CH) saw 7 block trades worth 211mn at 71.25 yuan per share, 5.00 discount from last closing.

- Longi Green Energy (601012 CH) saw 2 block trades worth 19mn at 64.15yuan per share, 0.34 discount from last closing.

- GoodWe Tech (688390 CH) saw 11 block trades worth 196mn at 318.78yuan per share, 4.84 discount from last closing.

*Primium

- Sanfame (600370 CH) saw 3 block trades worth 142mn at 3.55 yuan per share, 3.2 premium 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 dropped collectively. August NYMEX crude oil contract slumped 8.19% to closed at $99.55/b, September Brent contract down 7.67% to closed at $104.8/b. INE crude oil active contract down 8.13% to 667.9 yuan/b. Recession expectation and higher USDX dragged down oil prices.

* Precious metals closed down collectively. COMEX gold active contract down 2.09% to closed at $1763.8/oz, SHFE gold active contract down 1.87% to closed at 383.22 yuan/gram.

* Metals closed down collectively. LEM copper down 4.76%, LME aluminum down 3.86%., LME zinc down 3.56%, LME tin down 3.48%. SHFE tin down 4.54%, SHFE copper down 4.01%, SHFE nickel down 3.61%, SHFE aluminum down 3.08%.

* Commodity futures closed down mostly, energy & chemistry futures showed a weak performance, fuel oil down 7.16%, bitumen down 4.51%, EG down 4.23%, LPG down 4.16%, EB down 3.72%. Black series closed down collectively, coking coal down 2.42%, thermal coal down 2.32%, coking down 2.2%, steel rebar won 0.88%. Agriculture futures closed down collectively, rapeseed oil down 5.56%, RBD palm olein down 5.22%, soybean oil down 3.88%, rapeseed meal down 2.35%, cotton down 2.26%, No.2 soybeans down 2.03%.

 

 

 

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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.