Data shows 43 institutions issued 186 “buy” ratings this week (June 2-6) covering 156 stocks, with electronics (24 stocks), automobiles, machinery, and power equipment (10+ stocks each) being the most favored sectors. Pharmaceuticals (9) and food/beverage (7) also saw significant attention.
Communication, electronics, and computer sectors led gains this week with index rises exceeding 2.5%, supported by China’s economic recovery and policy focus on tech innovation and consumption. Notably, the pharmaceutical sector has now risen over 1% for five consecutive weeks – the only sector among 31 primary industries to achieve this sustained growth.
Analysts attribute the momentum to China’s targeted monetary policies injecting liquidity into key areas like tech innovation and inclusive finance. The pharmaceutical sector’s unique five-week streak suggests structural strength despite broader market fluctuations, highlighting investor preference for defensive growth sectors.
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