Market Review
Last week saw slight correction in major Shenzhen indicies, ending the four-week rising streak. Though Shenzhen Component Index declined 0.5% to 9257.95, it registered a 6.52% rise for the month of May. SME Index declined 0.49% to close at 5131.98 points. But it rose14.52% in May. ChiNext Index celebrated its 3rd anniversary last week by ushering in a 26-month high at 1073.02. The ChiNext Index gained20.65% in May, though it fell 0.07% for the week. Total turnover forstocks and funds on SZSE was US$99.2 billion, falling 8.9% from the week before.
Sector indices with the biggest gains are accommodation and catering, environmental services and farming, forestry and husbandry. Top 3 gainers are United Electronics (002642), ANDON HEALTH (002432) and Donghai Tourism (000613). Jufei Optoelectronics (300303), AVCON Information Technology (300074) and Refond Optoelectronics (300241) are the Top 3 decliners. The most active stocks last week were Ping An Bank (000001), BOE (000725) and HAN’sLaser (002008).
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