Market review: September 6, 2016

Fang • submitted 2016-09-06 16:58:54

Market review:

China stock rallied for a third day in a row with SHA climbed about 0.61%.Some reform plan released together with the announcement to boost trade and investment in G20 meeting boosted the sentiment of investors, but the rally seems mild compared to some previous market reaction during similar G20 events.

Research Notes:

Money flowed into Engineering Equipment, Internet and Electronics sectors the most. Zhuhai Elec Tech International Co.(002005.sz),a LED producer, rallied to limit-up as Gov urge the elimination of filament lights by end of September this year, which will boost business for all LED producers .

DXY overnight still weak for no new data to release in US bank holiday. CNYUSD didn’t get much help from sentiment in equity market and touched 6.68.The talk of supply-cut of coal boosted coal, methanol and PVC in commodity market, with latter two use coal as major material input. We generally see nothing out of expectation from G20 meeting, and rally on it could be short-term, investors generally can take profit at current level of SHA and if some risk exposure ‘s needed, we only recommend some shares from food and beverage sector, as well as tourism sector which would benefit from incoming mid-autumn holiday season.

Copyright by FangQuant.com

Disclaimer: The information on this website is for general informational purposes only and is not intended as a recommendation or an offer or solicitation for the purchase or sale of any security, currency, investment, service or to attract any funds or deposits. Save to the extent provided otherwise in the Terms and Conditions for Accounts and Services or other applicable terms and conditions, information in this website has been prepared without taking account of the objectives, financial situation or needs of any particular investor. Therefore, investment products mentioned in this website may not be suitable for all investors. Any person considering an investment should seek independent advice on the suitability or otherwise of a particular investment. Before making any investment, each investor must obtain the investment offering materials, which include a description of the risks, fees and expenses and the performance history, if any, which may be considered in connection with making an investment decision. Each investor should carefully consider the risks associated with the investment and make a determination based upon the investor’s own particular circumstances, that the investment is consistent with the investor’s investment objectives.

Currently no Comments.

author: Fang

Hot Topics

The 13rd China International Future Forum The Shanghai Derivatives Energy Forum has received extensive attention from relevant industries both within and outside the borders. Financial institutions deep explore commodity market opportunities, commodity index financial products show full-scale trend New indicator to analyze the arbitrage opportunities between sse50 and csi500 The Great China Bubble: Anniversary Lessons and Outlook The hedge strategy between SSE50 and A50--Jan 13,2017 Market review: January 11, 2017 The arbitraging strategy between CSI300 and SSE50 R-Code for analysis: getKDJ Sleepless in London--Enda Homan(Allied Irish Banks Plc) MSCI Rebuffs Chinese Equities for Third Time in Blow to Xi Quant Investment in China A-share market R-Code@June 06, 2016 Soros, Druckenmiller among hedgies profiting in market plunge Market review: June 17, 2016

Links

Contact Me: sherry_ustc@163.com