Defense shares to gain on securitization moves

The ongoing asset securitization trend will fuel the future growth of A-share companies in the defense industry, which will help them to build on their strong growth in the first quarter, experts said.

Market tracker Wind Info's data showed shares of listed companies related to the national defense industry surged 38.1 percent during the first quarter of this year.

Although the sector declined slightly in the first few weeks of April, it managed to pick up in the last week, gaining 6.4 percent, while the benchmark CSI 300 index climbed 4.9 percent during the same period.