market: Brokerages and fund managers predict a structural bull market in 2019, boosted by such favorable factors as the low valuations of A shares, domestic news site yicai reported on Sunday, according to Global Times China. Figures that go back 19 years indicate an 84.2 percent likelihood that the A-share market will be in positive territory at the end of the first trading week, the yicai report said, citing financial information provider Wind. Records going back about two decades signal gains on the first trading day and in the first week. The optimism has persisted even though lock-up shares worth 102.8 billion yuan 15.24 billion will become eligible for trade on the Chinese stock market this week. The potential sales won't exert much pressure as long as buying outweighs selling, and there is a high likelihood that history will repeat itself in the first trading day of the new year in the lunar calendar and the first week, Li Daxiao, chief economist at Shenzhen-based Yingda Securities, told the Global Times on Sunday. It will be the first of nine weeks in which the figure exceeds the 100 billion yuan mark in 2019, the Securities Times newspaper said.
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