trading day: The Shenzhen Component Index was up 3.06 percent at 7,919.05 points, with volume of 182.6 billion yuan, according to Global Times China. The Growth Enterprise Market index rose 3.53 percent, closing above the 1,300-point level, the biggest daily gain over the past three months. Photo VCG On Monday, the bullish first trading day in the Year of the Pig, the Shanghai Composite Index rose 1.36 percent to 2,653.9 points, with total trading volume reaching 137.3 billion yuan 20.35 billion . The figures reflect investors' optimistic outlook for 2019, coupled with ample liquidity in the stock market, as well as improving regulations and policies, said Zhang Xia, chief strategy analyst at China Merchants Securities. Stocks of companies involved in 5G, agriculture, telecommunications and electronics took the lead in the bullish A-share market. Zhang said that 5G requires close attention in 2019, as China prepares to issue temporary 5G licenses to operators this year. In particular, the 5G sector buoyed the broader market, with shares of East Com, Boomsense and Chunxing Precision Mechanical rallying.
(news.financializer.com). As
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