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Market review: May 04, 2016

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

Market review:

China stocks generally little moved after the rally yesterday and once reclaimed 3000 threshold.

Research Notes:

Money flowed into Glass, Chem Fibre and Foreign Trade sectors the most. Guangdong Cnlight (002076.sz), a LED light producer, rallied to limit-up for its expansion into Electronic Automobile business.

Though as risk appetite recovered and we believed that the relatively bullish could continue for some more days, we recommend investors to unload some shares with SHA above 3000, before other investors also taking profit.

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