Spate of 8 IPOs may prevent rally
By Cherry Cao |
February 6, 2012, Monday
|
Print Edition
Print Edition
SHANGHAI'S stock market may extend last week's upward trend although sharp rallies are unlikely due to a spate of initial public offerings this week, market watchers said.
From today to Friday, eight IPO subscriptions, which are expected to raise a combined 9 billion yuan (US$1.42 billion), are set to be launched. This week's bumper IPOs compared to six launched in January and fewer than 20 in December 2011.
Qian Qimin, an analyst at Shenyin & Wanguo Securities, said the IPOs may prevent a sharp rally in the market.
In a latest survey major Chinese brokerages predicted the index may hover between 2,250 points and 2,450 points this week, with two thirds of them saying they were positive.
The Shanghai Composite Index jumped to 2,330.41 points - the highest since December 7 - on Friday.
From today to Friday, eight IPO subscriptions, which are expected to raise a combined 9 billion yuan (US$1.42 billion), are set to be launched. This week's bumper IPOs compared to six launched in January and fewer than 20 in December 2011.
Qian Qimin, an analyst at Shenyin & Wanguo Securities, said the IPOs may prevent a sharp rally in the market.
In a latest survey major Chinese brokerages predicted the index may hover between 2,250 points and 2,450 points this week, with two thirds of them saying they were positive.
The Shanghai Composite Index jumped to 2,330.41 points - the highest since December 7 - on Friday.
- 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.
