In addition, boosted by strong international oil prices and other factors, the share price of “two barrels of oil” fell after opening high, PetroChina turned down near the end of the day, while Sinopec’s rise narrowed.
Looking forward to the second half of the year, what’s the prospect of commodity related sectors? Will bull stocks emerge?
Nonferrous metal plate goes against the trend
On the morning of July 2, the Shanghai Composite Index fell 1.58%, the Shenzhen composite index fell 1.86%, and the gem index fell 2.44%.
Among the Shenyi industry sectors, only the non-ferrous metals, mining and commercial trade index rose, with the increase of 2.22%, 0.45% and 0.02% respectively. Other indexes fell, with leisure services, food and beverage, medicine and biology falling by 4.89%, 3.29% and 3.03% respectively.
Among the non-ferrous metal index components, Jinli permanent magnet rose by 18.91%, earth bear rose by 13.32%, Galaxy magnet rose by 11.56%, and many other stocks rose significantly.