The market is taking a respite after the rate cut, and I expect to see it having a consolidation period for a while, some investors liquidated their position and left the market in the morning. Zhang Qi More Quotes by Zhang Qi More Quotes From Zhang Qi The measure is mainly intended to curb irrational speculation, which could be good for the overall market in the long run, yet could bode ill for speculative stocks in the short term. Zhang Qi industrials I think it's normal, there's been some recent data releases including inflation, and there's also the Vanke situation which is naturally impacting the market a bit, you've also seen banking shares do relatively well recently, so it's not a surprise to see a bit of a pull back. Zhang Qi industrials Recently the market has been doing relatively well, one factor is the pullback in the inflation data released over the weekend. Another is that recent corporate earnings forecasts have given a good impression. Zhang Qi industrials My feeling is that funds in the stock market are quite sufficient now and there's very high possibility the market will rebound in August. Zhang Qi industrials The possibility for A shares to rebound in the following month is quite big given liquidity is rich in the market now and short-selling ability has been largely curbed, if confidence comes back, it is not difficult for the index to rise to last Friday's level, which was 4,100 points. Zhang Qi industrials We suspected the 'national team' has continued buying shares today to prevent the market from falling, national team. Zhang Qi company-news Many investors have already extended their future contracts to next month, so today's futures settlement did not lead the index to fall, also we suspected the 'national team' has continued buying shares today to prevent the market from falling. Zhang Qi industrials Stock investors for now care more about government policy towards the market...whereas the connection between the economy and the market has somehow been loose. Zhang Qi industrials The CSRC's announcement has slightly relieved investor sentiment but it's impossible for investors to immediately regain confidence given that the problem of margin trading still exists, i'm expecting to see wide volatility up until Chinese New Year. Zhang Qi industrials Overall the market is performing quite well. Zhang Qi industrials The recent crazy bull has stopped and the market is back to its normal pace. A sharp rise or fall of the indexes is unlikely in the near-term. Zhang Qi industrials
