Analysts split over direction
By Lydia Chen |
June 6, 2011, Monday
|
Print Edition
Print Edition
ANALYSTS at major domestic brokerages are divided in their outlook over the direction of the Shanghai stock market during this shorter trading week due to a national holiday today.
The Shanghai Composite Index gained 0.8 percent to close at 2,728.02 last Friday. The gauge has fallen 11 percent from this year's high on concerns that China's economic growth may slow further and that the central government may unveil more tightening measures to battle inflation.
The market may hover between 2,650 and 2,850 this week when it reopens tomorrow after the Dragon Boat Festival, according to analysts at Shenyin Wanguo Securities in a report at the weekend. They added that tightening moves are likely to continue even though economic growth has already shown signs of slowing.
The brokerage suggested investors pay attention to agriculture-related shares such as Fujian Sunner Development Co, Sichuan New Hope Agribusiness Co and Shandong Minhe Animal Husbanry Co because these firms may benefit when the value of chicken meat consumption is set to double to 266 billion yuan (US$41 billion) in the next decade.
Bohai Securities shared Shenyin Wanguo's views and recommended big caps, which now mostly have low valuations, as safe investments.
Haitong Securities forecasts the market may rebound in the first half of this month and hover around 2,900 points in the second half, according to its report.
The Shanghai Composite Index gained 0.8 percent to close at 2,728.02 last Friday. The gauge has fallen 11 percent from this year's high on concerns that China's economic growth may slow further and that the central government may unveil more tightening measures to battle inflation.
The market may hover between 2,650 and 2,850 this week when it reopens tomorrow after the Dragon Boat Festival, according to analysts at Shenyin Wanguo Securities in a report at the weekend. They added that tightening moves are likely to continue even though economic growth has already shown signs of slowing.
The brokerage suggested investors pay attention to agriculture-related shares such as Fujian Sunner Development Co, Sichuan New Hope Agribusiness Co and Shandong Minhe Animal Husbanry Co because these firms may benefit when the value of chicken meat consumption is set to double to 266 billion yuan (US$41 billion) in the next decade.
Bohai Securities shared Shenyin Wanguo's views and recommended big caps, which now mostly have low valuations, as safe investments.
Haitong Securities forecasts the market may rebound in the first half of this month and hover around 2,900 points in the second half, according to its report.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
