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China bourses see a surge of new accounts
By Lydia Chen |
March 31, 2011, Thursday
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Online Edition
Online Edition
MAINLAND stock markets attracted investors to open 408,000 new accounts last week, the most in four months.
Nearly 37 percent of all the A-share accounts in Shanghai and Shenzhen markets, or a total of 56.63 million accounts, held stocks by the end of last week, 68,000 more than a week ago, according to data from China Securities Depository & Clearing Corp.
Investors are becoming more cautious as the Shanghai Composite Index is approaching the 3,000-point mark, the company said.
The number of accounts that have traded shares fell for a second straight week to a six-week low of 10.71 percent.
Nearly 37 percent of all the A-share accounts in Shanghai and Shenzhen markets, or a total of 56.63 million accounts, held stocks by the end of last week, 68,000 more than a week ago, according to data from China Securities Depository & Clearing Corp.
Investors are becoming more cautious as the Shanghai Composite Index is approaching the 3,000-point mark, the company said.
The number of accounts that have traded shares fell for a second straight week to a six-week low of 10.71 percent.
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