Blue chips were sought after yesterday after the recent correction. But you will probably see the index move in a narrow range before any stimulus is launched to bolster the market. |
It's natural to see a drop after a long-time rally. The index may further decline in the week as investors trim positions but will probably gain support at the 1,330 level. |
Rosy earnings results spurred the market. But as firms with poor profit figures often unveil their results in late April, the index likely will face downward pressure. |
The broad market has a good long-term prospect as there is an abundant supply of funds and on China's booming economic growth. But I expect the index may still move in a narrow range now as institutional investors unload some of their positions and buy others. |
The market still faces pressure when it heads towards the 1,300 level. It may fluctuate in a narrow range this week, waiting for more stimulus from the regulator. |
The market was still gathering momentum on heavy technical buying after a four-year slump. But you will probably see a correction soon as the 1,400 is a tough barrier. |
The stipulation indicates the regulator may resume initial public offerings in Shanghai in the first quarter of next year, probably sometime in February after the Spring Festival. |