telecommunications electronics: On Monday, the Shenzhen Component Index was up 3.06 percent at 7,919.05 points, hitting trading volumes of 182.6 billion yuan 20.35 billion . In addition, the Growth Enterprise Market GEM index grew 3.53 percent, closing above the 1,300 point level, the biggest daily gain over the past three months, according to Global Times China. Stocks of 5G, agriculture, telecommunications and electronics took the lead in the bullish A-share market. Photo VCG On the bullish first trading day in the Year of the Pig, the flagship Shanghai Composite Index rose by 1.36 percent at 2,653.9 points on Monday, with total trading volumes reaching 137.3 billion yuan 20.35 billion . This reflects investors' optimistic outlook for 2019, with ample liquidity in the stock market, as well as improving regulations and policies, said Zhang Xia, chief strategy analyst at China Merchants Securities. Particularly, 5G brought strength to the A-share stock market, from such companies as East Com, Boomsense and Chunxing Precision Mechanical. Explaining why telecommunications and electronics companies achieved such satisfactory performance on Monday, Zhang said that those industries were not closely correlated with the country's macro economy, which experienced an obvious slump last year. Zhang said that 5G requires close attention in 2019, as China prepares to issue temporary 5G licenses to operators this year, indicating that the 5G stocks will remain firm with ongoing government support in the coming sessions.
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