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The Shanghai Composite Index of China's stock market closed up slightly on Friday to bid farewell to 2018, with a year-round decline of about 25% recording its worst performance in 10 years. Analysts said that the market's willingness to trade was weak on the last trading day of this year. After earnings hit a new low of more than four years yesterday, the market rebounded slightly today, driven by the rebound of financial real estate and other weight stocks, led by satellite navigation, securities dealers, 5G and other sectors.
They also believe that technology last week line and monthly line KDJ are in a downward trend, and expect the short-term market will continue the downturn pattern.
The Shanghai Composite Index. SSEC closed at 2,493.90 points, up 10.81 points or 0.44%. The index fell 0.89% this week and 3.64% in December, while it fell 24.59% in 2018, with the largest annual decline of 65.39% in 2008. Today's Shanghai A-share turnover is 105.9 billion yuan, compared with 112.4 billion yuan last day.
"Today's stock index is not alarmed, the New Year is approaching, we are not interested in war." Hu Xiaohui, an analyst at Lianhe Securities, said.


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