The PBOC will also reduce mortgage rates by 50bp, lower the down payment ratio for second homes, and explore options for banks to purchase land from developers. Additionally, an RMB 500bn liquidity program for non-bank financial institutions and a re-lending initiative for share buybacks were announced.
Positive Breakout: These 3 stocks cross above their 200 DMAs
In the NSE large cap pack, three stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on April 3, according to stockedge.com’s technical