Investors cautiously optimistic
By Pan Xiaoyi |
April 12, 2010, Monday
|
Print Edition
Print Edition
INVESTORS are cautiously optimistic over the direction of the key stock index this week due to two factors - the debut of stock index futures and the release of economic data for the first quarter.
The benchmark Shanghai Composite index dipped a total of 0.4 percent last week to close at 3,145.35. Analysts said the barometer may challenge the 3,200-point level as stock index futures and expected solid economic data are likely to boost stock trading.
The first stock index futures, based on CSI 300, will debut on Friday, and Shang Fulin, chairman of China Securities Regulatory Commission, forecast a stable start for futures trading.
"The introduction of the stock index futures will help blue chips to rebound to their real value," said Fu Chuankui, a Dongguan Securities Co analyst.
Li Jingchi, an analyst at Century Securities Co, said initially not a huge amount of investment may go into the index futures to exert a major influence on the stock market.
The first-quarter economic data will be unveiled on Thursday and analysts see the figures to reflect a steady recovery in the country's economy.
The benchmark Shanghai Composite index dipped a total of 0.4 percent last week to close at 3,145.35. Analysts said the barometer may challenge the 3,200-point level as stock index futures and expected solid economic data are likely to boost stock trading.
The first stock index futures, based on CSI 300, will debut on Friday, and Shang Fulin, chairman of China Securities Regulatory Commission, forecast a stable start for futures trading.
"The introduction of the stock index futures will help blue chips to rebound to their real value," said Fu Chuankui, a Dongguan Securities Co analyst.
Li Jingchi, an analyst at Century Securities Co, said initially not a huge amount of investment may go into the index futures to exert a major influence on the stock market.
The first-quarter economic data will be unveiled on Thursday and analysts see the figures to reflect a steady recovery in the country's economy.
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