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Market review: April 18, 2016

Fang submitted 2016-04-18 15:31:05

Market review:

China stocks declined on profit taking with SHA fell about 1.44%, as price into sensitive areas with a declined volatility.

Research Notes:

Money outflowed from Software, Securities and Electronics sectors the most. Chengdu Hongqi Chain Co. (002697.sz) rallied to limit-up for its merge with more local chain store in Sichuan Province.

As commodities, such as iron ore and coal showed firmness despite the stocks fell, we believed that investors still wanted to hold equity for an inflation hedge. But we also recommend investors to take some profit as the end of month approaching and probably to buy the shares back at the mid of May, when SHA may retouch level below 3000. And pay attention to the volume changing.

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