Related News
Index not seen to tumble but caution urged
By Cathy Ding |
April 6, 2009, Monday
|
Print Edition
Print Edition
The benchmark Shanghai Composite Index may hover around last week's closing level of above 2,400 points in the short term but analysts said the barometer is not likely to decline sharply in the middle or long term.
"Heavyweight stocks and growth enterprise-related shares were strong generally last week which boosted the stock market," Yang Ming, an analyst of Shanghai Securities, wrote in a research report. But he cautioned the index may go through some adjustments and "may fluctuate within the range of 2,350 to 2,500 points."
The China Securities Regulatory Commission last Tuesday issued new rules, effective next month, to prepare for the launch of the long-awaited Nasdaq-style second board, Growth Enterprise Market. The GEM aims to offer an avenue for small and medium startup firms to access funds.
"The index may range between 2,300 and 2,440 points in the next two or three weeks and investors should be cautious," said Qian Qimin, an analyst with Shenyin and Wanguo Securities.
"Heavyweight stocks and growth enterprise-related shares were strong generally last week which boosted the stock market," Yang Ming, an analyst of Shanghai Securities, wrote in a research report. But he cautioned the index may go through some adjustments and "may fluctuate within the range of 2,350 to 2,500 points."
The China Securities Regulatory Commission last Tuesday issued new rules, effective next month, to prepare for the launch of the long-awaited Nasdaq-style second board, Growth Enterprise Market. The GEM aims to offer an avenue for small and medium startup firms to access funds.
"The index may range between 2,300 and 2,440 points in the next two or three weeks and investors should be cautious," said Qian Qimin, an analyst with Shenyin and Wanguo Securities.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
