SSE Composite Index May Extend Rally on 10 April After 1.3% Jump
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The SSE Composite Index rose 41.26 points or 1.31% to close at 3,186.81 on 9 April 2025, marking a strong rebound in mainland Chinese equities. This momentum was driven by investor optimism, policy support signals, and positive movement in global indices, notably the U.S.-based Nasdaq Composite, which surged over 12% later in the global cycle.
SSE Composite Index Performance Summary – 9 April 2025
| Metric | Value |
|---|---|
| Opening | 3,110.01 |
| Day’s High | 3,186.81 |
| Day’s Low | 3,070.08 |
| Closing Price | 3,186.81 |
| Previous Close | 3,145.55 |
| Gain | +41.26 pts (+1.31%) |
| 52-Week High | 3,674.40 |
| 52-Week Low | 2,689.70 |
What Drove the Rally on 9 April?
The 1.31% jump in the SSE Composite Index was led by:
- Policy Optimism: Hints of more stimulus from Beijing to support industrial growth and property markets.
- Tech and Energy Stocks: Gains in renewable energy, battery tech, and consumer electronics companies.
- Banking & Infrastructure: Strong performance by state-owned banks and construction firms signaled domestic demand recovery.
- Stabilizing Yuan: A firmer currency reduced capital flight concerns and improved investor mood.
Nasdaq’s 12% Tech Rally Could Further Elevate SSE Today
The Nasdaq Composite’s 12.16% surge on 9 April 2025 is expected to set a strong bullish tone across Asian markets, including Shanghai’s SSE Composite Index.
Why it matters:
- Tech Correlation: SSE-listed firms in semiconductors and software often mirror Nasdaq trends.
- Global Sentiment Spillover: U.S. gains typically stimulate risk appetite in Chinese equities.
- Cross-Border Capital Flow: Global funds may rotate into undervalued Chinese stocks as part of broader Asia exposure.
SSE Composite Prediction – 10 April 2025
Sentiment Expectation:
Positive-to-bullish open, potential for follow-through buying across key sectors.
Projected Opening:
Likely 0.5% to 1% higher, especially if A-share futures and U.S. tech sentiment remain strong.
Sectors to Watch:
- Semiconductors: SMIC and Will Semiconductor likely to benefit from global chip optimism.
- EV & Batteries: Contemporary Amperex Tech (CATL) and BYD may lead green tech gains.
- Financials: ICBC and Bank of China could draw interest on state stimulus buzz.
Factors to Monitor for Today’s Trade
- Mainland Economic Data: Any surprise industrial output or lending figures could sway sentiment.
- Policy Signals: NDRC announcements or PBOC commentary could prompt intraday volatility.
- Commodity Prices: Iron ore and lithium movements impact infrastructure and EV sectors.
- Yuan/USD Trend: Stability here keeps foreign investors engaged.
Technical Analysis: Key Levels for 10 April
| Level Type | Value |
|---|---|
| Resistance 1 | 3,200 |
| Resistance 2 | 3,245 |
| Support 1 | 3,145 |
| Support 2 | 3,100 |
| 200-Day MA | 3,268 |
A decisive move above 3,200 may trigger short-term FOMO-driven gains. Support at 3,145 is critical to sustain momentum.
Expert Insight: SSE May Ride Global Tailwinds Short-Term
“The SSE Composite has regained short-term momentum thanks to improving macro visibility and Wall Street strength,” said Zhao Li, strategist at Huatai Securities. “With Nasdaq leading global sentiment, Chinese tech and industrials could see another round of buying.”
SSE Composite Index Likely to Extend Gains
After a strong 1.31% rally on 9 April, the SSE Composite Index is expected to open higher on 10 April 2025, buoyed by strong tech cues from Nasdaq and improving local investor sentiment.
Short-term risks remain around macro data and policy delays, but the momentum favors another leg upward—particularly if buyers continue rotating into tech, EV, and infrastructure sectors.
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