Agricultural product stock price buoyed by favorable policy

Yesterday the two markets continued their weak adjustment, but boosted by the favorable news that 19 departments jointly issued a document to support the development of rural e-commerce, agricultural products came under fund “sniper” attack near the close, the stock price fluctuated and turned positive, finally closing at 14.95 yuan/share, with a full-day gain of 3.82%.

The Ministry of Commerce and 19 other departments recently jointly issued the "Opinions on Accelerating the Development of Rural E-commerce", proposing support for e-commerce, logistics, commerce, finance and other types of capital to develop rural e-commerce. At the same time, "strengthen rural infrastructure construction, improve the policy environment, deepen the reform of the rural circulation system, innovate rural business models, cultivate and expand rural e-commerce entities, and develop a modern rural commodity circulation and service network that integrates online and offline, covers the entire process, is comprehensively supported, safe and efficient, and convenient and affordable."

Market trading showed that yesterday agricultural products opened slightly lower, plunged in the morning session to a low of 13.54 yuan at one point, then maintained a pattern of slow rise, and near the close large buy orders poured in from outside the market, the stock price turned positive, and as buying power erupted, the full-day turnover reached 450 million yuan. Analysts believe that due to the prominent favorable policy and the continuously improving overall prosperity of agriculture, investors are advised to continue holding margin positions in this stock.