Market review:
China stock market went back to weakness despite the property easing policy announced on Tuesday, and closed at 2739.25.
Research Notes:
1.The minimum down payment would be reduced for first- and second-time home buyers in most cities, as a resort to clear the housing glut. As a result, Real Estate recorded the most money inflow, flowed by Manufacture and IT . Finance, Mining and Retail are the sectors been sold the most.
Investors are not in favor of this housing easy policy as it is somehow contradicting to the decapacity effort and showed not enough innovation in the stimulus plan. San Gang Min Guang, a steel producer with heavy loss last year, rallied to limit-up on restructuring hope and property policy support.
As the trading volume’s getting so light before Chinese New Year, the SHA move, in short term, could be quite random.The preferred strategy is still to stay mostly in cash or only position in those non-cyclical stocks with proper hedge.
Copyright by FangQuant.com