What is good for some may not be for others
Source: Shanghai Daily |
July 6, 2012, Friday
|
Print Edition
Print Edition
MORE than half of individual investors don't see the Chinese mainland's stock market to perform better in the second half than in the first six months, while more fund managers may raise their investment in the third quarter, separate surveys revealed yesterday.
A sina.com survey of nearly 55,000 web users revealed that 55 percent of the respondents predicted the Shanghai Composite Index at not higher than 2,400 points from July to December. On May 4 the index hit the highest of 2,453.73 points so far this year.
It also found 68.5 percent of the respondents lost money in the market in the first half, with 16.5 percent of them losing over 50 percent of their investment.
Meanwhile a HSBC survey of global fund managers, who oversee a combined US$4.4 trillion, said that half of the respondents may invest more in the stock market in the third quarter, 7 percentage points higher than the second quarter, as sentiment rose.
No fund manager said they would trim holdings of Chinese stocks, the survey said.
A sina.com survey of nearly 55,000 web users revealed that 55 percent of the respondents predicted the Shanghai Composite Index at not higher than 2,400 points from July to December. On May 4 the index hit the highest of 2,453.73 points so far this year.
It also found 68.5 percent of the respondents lost money in the market in the first half, with 16.5 percent of them losing over 50 percent of their investment.
Meanwhile a HSBC survey of global fund managers, who oversee a combined US$4.4 trillion, said that half of the respondents may invest more in the stock market in the third quarter, 7 percentage points higher than the second quarter, as sentiment rose.
No fund manager said they would trim holdings of Chinese stocks, the survey said.
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