www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Biz
Weakness to stay: Analysts
2010-Jun-21 07:56:22

Uncertainty over macro-policy weighs on investors' market sentiments

The Chinese stock market is likely to remain weak and directionless in the days ahead as uncertainties about Beijing's macro-policy stance may continue to weigh on it, anlaysts said.

"The market seems to have entered a period of policy vacuum and it lacks a strong positive catalyst to trigger a sustained rebound," said Lu Yu, a strategy analyst at Great Wall Securities.

Lu said that investors may have to bear with the market's current weak trend for some time as signs of a turning point are unlikely to emerge until July when the prospect of the government's macro-economic policy for the second half of the year becomes clearer.

The benchmark Shanghai Composite Index posted the biggest loss in three weeks last Friday by declining 1.84 percent, led by pharmaceutical, technology and consumer companies.

Analysts said that the fall was caused by significant capital retreat from the small and mid-cap stocks of excessive valuations amid uncertainties of further monetary tightening and slowing economic growth.

The fear of the mega initial public offering (IPO) of the Agricultural Bank of China in mid July may also drag down the prices but investors are betting that the government would step in to boost the weak market sentiment in preparation for the bank's flotation.

Lu said that the recent gains in bank and developer shares are unlikely to last long and room for further rises will be limited as worries about the negative impact of the property tightening measures still linger in the market.

Dong Xian'an, chief economist at Industrial Securities, said that investors need not be overly pessimistic about the stock market as Beijing may soften its tone on its policy tightening in the second half of the year.

"It is highly likely that the government may shift its macro policy stance from preventing overheating to avoiding overcooling in July," he said. "We think that in the short term opportunities outweigh risks for cyclical stocks such as steel and commodities."

Steven Sun, China strategist for HSBC Holdings plc, was quoted by Bloomberg as saying that Chinese stocks may gain 15 percent in the "coming months" as concerns may ease over an oversupply of shares and the economy withstands Europe's sovereign debt crisis.

Analysts expect the current rocky market conditions may force ABC, the last of the big four state-owned lenders to list, to scale down the size of its share sale as it may raise less than initial estimates.

"Now is the time to look for a 10 to 15 percent rebound in the coming months" as banks cut the amount of capital they planned to raise, Sun said.

"The Chinese economy should continue to grow 9 percent in the second half. We're not forecasting a double-dip scenario, given the still-robust export and import numbers, and also resilient consumption," he said.

China Daily

(China Daily 06/21/2010 page14)

[Jump to ]
Nation | Biz | Comment | World | Celebrity | Odds | Sports | Travel | Health
ChinaDaily Mobile News
m.chinadaily.com.cn
To subscribe to China Daily, call 010-64918763 or email to circu@chinadaily.com.cn
主站蜘蛛池模板: 久色tv| 国内精品一区二区 | 最新在线精品国自拍视频 | 国产精品一区二区手机在线观看 | 日本美女视频韩国视频网站免费 | 911国产自产精选 | 国产精品偷伦费观看 | 日韩黄色视屏 | 天海翼精品久久中文字幕 | 免费观看a级毛片在线播放 免费观看a级网站 | 亚洲欧美网址 | 一级毛片美国一级j毛片不卡 | 国产欧美一区二区三区免费 | 日韩精品一区二区三区免费视频 | 久久精品国产精品亚洲毛片 | 亚洲天堂免费 | 国产精品路边足疗店按摩 | 欧美一级va在线视频免费播放 | 中文字幕在线精品 | 韩国福利影视一区二区三区 | 色内内免费视频播放 | 99久久精品国产一区二区 | 日韩中文字幕免费观看 | 国产91久久精品一区二区 | 人人操美女 | 手机看片日韩国产一区二区 | 国内交换一区二区三区 | 国产欧美另类久久精品91 | 免费一级毛片在线播放不收费 | 国产成人免费不卡在线观看 | 美美女高清毛片视频免费观看 | 免费国产不卡午夜福在线观看 | 亚洲精品国产字幕久久不卡 | 在线 中文字幕 日韩 欧美 | 日本一区二区三区精品视频 | 99精品欧美一区二区三区美图 | 国产亚洲91 | 五月天激激婷婷大综合蜜芽 | 日韩特级毛片免费观看视频 | 午夜两性试爱视频免费 | 亚洲天堂视频网站 |