30.04.202602:21:28UTC+00Shanghai Stocks Hold at Over 1-Month High

The Shanghai Composite inched up 0.1% to 4,110 on Thursday, holding at its highest level in more than a month, while the Shenzhen Composite added 0.3% to 15,167, as fresh PMI data pointed to China’s economic resilience amid rising external pressures. Official figures showed the manufacturing PMI easing slightly to 50.3 in April from 50.4 in March, but still beating market expectations of 50.1 and remaining in expansionary territory for a second straight month. Underscoring the brighter outlook, RatingDog data indicated that the manufacturing PMI rose to 52.2 in April from 50.8 in March, topping forecasts of 51 and marking its highest reading since December 2020. China’s strategic petroleum reserves, together with continued investment in renewable energy, are helping shield the broader economy from external shocks related to conflict in the Middle East. On the corporate front, NAURA Technology gained 3.2% after reporting strong year-on-year growth in first-quarter revenue and net profit.