Stocks seen sluggish this week
By Xiao Lu |
January 16, 2012, Monday
|
Print Edition
Print Edition
SHANGHAI'S stock market may be sluggish in the last trading week before the Spring Festival break as investors take a wait-and-see stance, and the inflation data may curb any easing of policies.
Market observers said investors tend to exercise caution in the run-up to the week-long break which starts on Monday as there is no clear sign of a sustainable rally following the central government's call for a better regulated market and measures to bolster investor confidence earlier this month.
The Shanghai Composite Index fell 1.34 percent on Friday, the most in a week, to 2,244.58, easing the weekly gains to 3.75 percent.
Shenyin Wanguo Securities said that the fall indicated prevailing caution by investors.
Investors were not cheered by China's Consumer Price Index which rose 5.4 percent last year, beating the 4 percent target, because this made it less likely for monetary policies to moderate in the near term.
Market observers said investors tend to exercise caution in the run-up to the week-long break which starts on Monday as there is no clear sign of a sustainable rally following the central government's call for a better regulated market and measures to bolster investor confidence earlier this month.
The Shanghai Composite Index fell 1.34 percent on Friday, the most in a week, to 2,244.58, easing the weekly gains to 3.75 percent.
Shenyin Wanguo Securities said that the fall indicated prevailing caution by investors.
Investors were not cheered by China's Consumer Price Index which rose 5.4 percent last year, beating the 4 percent target, because this made it less likely for monetary policies to moderate in the near term.
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