FangQuant › Financial Futures

Market review: August 3, 2016

Fang submitted 2016-08-03 18:09:07

Market review:

The rebound of China stocks continued for the second day, with SHA climbed about 0.24%.

Research Notes:

Money flowed into Real Estate, Construction and Medicine sectors the most.Zhongfu Strait Development Co.(000592.sz),a landscape developer, rallied to limit-up as it expanded to equestrian sport business.

The rumor of CSRC loosing restriction of Index Futures trading boosted sentiment of investors in China and NDRC also hinted more RRR cut needed for the rest of the year. CNYUSD climbed on improved confidence and majority of commodities, led by coal and pvc futures, rallied for a third day, supported by further capacity-cut plan as well. The previous leading sectors in equity market, such as new energy and graphene, seen some money flowed back, and we believed that this could signal the continuation of the rebound, maybe bring SHA back to 3000 level or higher soon, if the relaxation on stock index futures trading could be materialized. In that case, we would also suugest some exposure to the finance sector.

Copyright by FangQuant.com

Currently no Comments.