Policymakers might not have done enough to perk up market sentiment

B站影视 2024-12-21 05:21 1

摘要:All three major stock indexes dropped broadly on Friday to cap off a volatile day of trading, but all of sectors ended the day mos

All three major stock indexes dropped broadly on Friday to cap off a volatile day of trading, but all of sectors ended the day mostly higher. It’s clearly been an extremely jocund day today for the ever-optimistic hidebound veteran market observers because more than 3,500 stocks rose in the last trading session of this week. In the meantime, the overwhelming majority of the impenitent stouthearted financial costumers felt great exaltation when they might have made a chunk of money or reduced book losses today. Unfortunately, it is unassailable that the upward trend is unlikely to pivot as soon as a flock of callow gullible stock neophytes anticipate. After all, the hope for reinstatement of bull market has now all but vanished when the conference is faltering. Truth be told, today’s market tumult in late trading was not a good harbinger of short-term market run. The Main-Board Market, aka the benchmark Shanghai Composite Index, which opened about 2 points lower, went straight up in the first few minutes of trading, came down precipitously, at one time slid as much as 0.21% by 9:38 to its lowest level of the day, was up almost 19 points around lunchtime, moved lower in the last hour of trading, at last was less than 0.1% lower and notched a second-day losing streak. The Shenzhen Component Index, which opened the day with a decline of more than 17 points, swiftly leapt shortly after the opening bell, recouped its losses, took a nasty turn for the worse earlier in the day, for a time shed as much as 0.25%, was up almost 67 points around lunchtime, turned lower with barely 30 minutes to go until the markets close, held its gains for the rest of the trading session, eventually edged down 0.02% and ended the day with a two-day gain. The Growth Enterprises Market, namely the tech-heavy ChiNext Index, which was down by 4 points, or 0.19%, at the market open, came up precipitously in the opening minutes of trading, reclaimed its losses, took a nosedive, at one point dropped as much as 0.48% earlier in the session, was up almost 16 points around lunchtime, inched lower in the hour leading up to the close, was a couple of points lower, down 0.18% and snapped up its second-day streak of gains. Semiconductor was the biggest winner of the day, up 3.99%. Optical photoelectron was in second place, up 2.60%. Decoration came in third with a gain of about 2.54%. Coal industry was the worst performing sector, down 1.53%. Coming in second place was steel industry, down 1.19%. Education was the third worst performer, down 1.01%. The already embattled domestic equity markets registered a net inflow of CN¥71 billion, and the Shanghai and Shenzhen bourses was in excess of CN¥1.52 trillion. Actually, the apprehension about a new bout of market carnage has ripped through the already beleaguered domestic equity markets given that the policymakers might not have done enough to perk up market sentiment. Notoriously, the stable investment environment has also helped all three major stock indexes pick up steam when the previous market performance cannot assuage the market consternation. In view of the current intricate and complex economic situation, there is little sign that the already floundering domestic equity markets could be headed higher for the remainder of the year.

来源:梦琪教育

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