The market opened higher and surged, with 8 funds rising over 5% in a single day.

On February 25th, the market opened high and continued to rise, with a slight pullback in the afternoon followed by another surge. The ChiNext Index and the Shenzhen Component Index both rose over 1%. Driven by rising prices, rare earths, phosphate chemicals, oil and gas, and other related stocks performed strongly. The semiconductor industry chain and real estate sectors also showed strong performance. On the downside, the film and television theater concept declined again. Over 3,700 stocks in the entire market rose, with more than 100 stocks hitting the daily limit for two consecutive days. The combined trading volume of the Shanghai and Shenzhen markets was 2.46 trillion yuan, an increase of 260.5 billion yuan compared to the previous trading day.

Let’s take a look at the performance of public funds today.

(Note: List 1 and List 2 include only flexible allocation, equity-biased mixed, and general stock funds as representatives of active funds; bond-related lists include various primary and passive bond funds.)

1. Single-day gain ranking

2. Single-day loss ranking

3. Single-day bond fund gain/loss ranking

4. Notable evening news

[Gree Electric Appliances: The largest shareholder Zhuhai Mingjun plans to reduce holdings by no more than 2% of the company’s shares]

Gree Electric Appliances announced that the largest shareholder, Zhuhai Mingjun Investment Partnership (Limited Partnership), plans to reduce its holdings by no more than 111.7028 million shares, accounting for 2% of the company’s total share capital after excluding the shares in the repurchase account, through block trading within three months after the announcement. The reason for the reduction is to repay bank loans. The shares are sourced from shares transferred through an agreement from Gree Group on January 23, 2020.

Daily Economic News