国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

A-share market set for long-term bullrun

By Shi Jing in Shanghai | China Daily | Updated: 2021-05-27 09:45
Share
Share - WeChat
Investors check share prices at a securities firm in Nanjing, Jiangsu province. [Photo by Xing Qu/For China Daily]

China's A-share market will exhibit a strong performance over the long term, thanks to sustained interest from overseas investors and higher risk appetite, experts said after the benchmark index breached a three-month mark during intraday trading on Wednesday.

The Shanghai Composite Index rose 0.34 percent to 3593.36 points, after crossing the 3600 point mark for the first time in three months during morning trading.

Prices of papermaking and printing companies, which led the rally, rose by 3.69 percent on Wednesday. They were followed by plastic makers with gains of 2.73 percent and precious metal companies with 2.61 percent.

Huang Yanming, director of Guotai Junan Securities' research institute, said the benchmark index has hovered between 3300 points and 3500 points for nearly three months. But the oscillation will not last long. After remaining flat for nearly six years, the Shanghai Composite Index will hopefully jump to 4000 points later this year.

"The main driver for the bullish stock market performance will be the lower evaluation of risks, which is a result of a firmer outlook on inflation, liquidity and growth. A further spike in risk-free interest rate is quite unlikely. Investors will show more preference for companies with positive business results. An overall surge of blue-chips can be expected, with the mid-cap blue-chips taking the lead," he said.

Guotai Junan analysts suggest investors look for opportunities in securities firms, banks, cyclical companies such as construction materials, new energy vehicles, and firms related to high-end consumption. Small-caps with higher risks may not be good investment targets in the near term, they said.

Xun Yugen, chief strategist of Haitong Securities, said it was likely that the benchmark index may hit a new high this year given the market amplitude over the past few years.

Based on Haitong Securities' calculation, the key A-share indexes have fluctuated by at least 25 percent every year between 2000 and 2020.On extremely bullish or bearish days, the average annual amplitude was as high as 61 percent. The Shanghai Composite Index dived to 3328 points on March 9, which was the bottom so far this year. Given the historic data, there is still room for the A-share market to rise further, said the Haitong analysts.

Net northbound capital flows, or overseas investors buying A shares via the Shanghai, Shenzhen, Hong Kong stock connect programs, exceeded 9 billion yuan ($1.4 billion) on Wednesday. The inflows followed bulk purchases on Tuesday, when overseas investors bought a net 21.7 billion yuan of A shares, the highest since the mechanism was launched in 2014. Most of the overseas investments were in A-share listed food and beverage companies, banks, and non-banking financial companies.

The previous record of net northbound capital flows of 21.4 billion yuan was reached on Nov 26, 2019, when global index provider MSCI increased the weighting of A shares to 20 percent after the market closed for trading that day. Coincidentally, MSCI's quarterly adjustment will take effect when the market closes on Thursday, which is expected to influence investors' position.

Hu Bo, a fund manager from Shenzhen Rongzhi Investment Consultant Co, said that the renminbi appreciation has propelled more overseas capital to flow into Chinese equities. Therefore, quality A-share public companies as well as some companies listed in Hong Kong have been especially favored by investors.

Sufficient capital inflows will play a key role in buoying the sustained bullish performance of the A-share market in the midterm. Cyclical sectors will generate the most opportunities in the months to come, he said.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
贞丰县| 公安县| 富锦市| 横峰县| 井冈山市| 舟山市| 井冈山市| 巴彦县| 通海县| 海丰县| 乌拉特前旗| 冕宁县| 葫芦岛市| 西乡县| 平潭县| 社会| 宁阳县| 调兵山市| 邻水| 长岭县| 中山市| 庆城县| 塔河县| 建始县| 墨竹工卡县| 长泰县| 正阳县| 赫章县| 岢岚县| 泰和县| 南雄市| 金塔县| 威宁| 清水河县| 桐柏县| 乡城县| 吉木萨尔县| 武宁县| 蛟河市| 武宣县| 广平县|