• Embed Doc
  • Copy Link
  • Readcast
  • Collections
  • CommentGo Back
 
 
Market Report Excerpt
January 14, 2009
On Tuesday, the stock market closed low and extended this trend later, with slight dive in the late trading.Shanghai Composite Index fell by 36.98 points or 1.95% at 1863.37 points, while Shenzhen CompositeIndex dropped by 2.10% at 6530.81 points. The two markets both declined, of which none of the top 20heavyweight stocks rose. Ferrous metal was the only rising sector; non-ferrous metal, farming, forestry,animal husbandry & fishery, food & beverage and mechanical equipment all declined over 3%. Totalturnover was Rmb81.4bn, down by Rmb14.8bn than that of the previous trading day.
In accordance with financial operation data issued by People’ Bank of China in December 2008,
M2 sharplyrebounded after fallback for six consecutive months, with the increasing range 17.82% up by 3.02% mom;M1 also ended the decline of seven consecutive months (+9.06% yoy and +2.26% mom) and moneydemand saw favorable turn. As leading indicator of macro-economy, money supply first ended decline; thismight indicate that operation of real economy had touched the bottom, which was in line with the change ofindicators such as PMI, power generation and inventory, etc. While expectation on the future is still the
major power controlling market operation, it’s hopeful to provide support for the market.
 
By Zhang Zhuo 
Domestic Market Information
of 00

Leave a Comment

You must be to leave a comment.
Submit
Characters: ...
You must be to leave a comment.
Submit
Characters: ...