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Feb sees more funds pumped into China stocks
By Lydia Chen |
March 2, 2011, Wednesday
|
Online Edition
Online Edition
MAINLAND stock markets attracted more funds in February, lifting investors' hopes that more liquidity may help boost shares higher.
Total funds in A-share accounts added up to 1.4 trillion yuan, a jump of 10 million yuan from January as data jointly released by Shanghai Securities News and SWS Research Co showed.
The increase, the first in three months, was considered as a good sign by analysts, indicating the market is recovering from tight liquidity, a key factor behind market fluctuations in the past months.
Last December saw a fund outflow of 10 billion yuan, followed by another 10 billion yuan in January.
The outflows, coupled with repeated tightening by the central bank to curb inflation, increased concerns that market momentums may not be likely if funds are in short.
The February increase was partly attributed to funds from individual investors who pumped in 65 billion yuan, up 50 percent from January -- the highest since last November.
A slower pace of issuing new listings and additional shares should also take the credit.
In February, funds raised from re-issuing new shares and rationing shares dropped by 10.7 billion yuan to 53.6 billion yuan. Capitals raised from IPO issuing also shrank sharply to 25.9 billion yuan from January's 43.2 billion yuan.
Total funds in A-share accounts added up to 1.4 trillion yuan, a jump of 10 million yuan from January as data jointly released by Shanghai Securities News and SWS Research Co showed.
The increase, the first in three months, was considered as a good sign by analysts, indicating the market is recovering from tight liquidity, a key factor behind market fluctuations in the past months.
Last December saw a fund outflow of 10 billion yuan, followed by another 10 billion yuan in January.
The outflows, coupled with repeated tightening by the central bank to curb inflation, increased concerns that market momentums may not be likely if funds are in short.
The February increase was partly attributed to funds from individual investors who pumped in 65 billion yuan, up 50 percent from January -- the highest since last November.
A slower pace of issuing new listings and additional shares should also take the credit.
In February, funds raised from re-issuing new shares and rationing shares dropped by 10.7 billion yuan to 53.6 billion yuan. Capitals raised from IPO issuing also shrank sharply to 25.9 billion yuan from January's 43.2 billion yuan.
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