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Further Stock Market Rally Would Require Market Force

CHINA PRESS
MNI (Singapore)

A further Chinese stock market rebound would require a positive change to investor sentiment following the Shanghai Composite Index tipping the 3,000-psychological-mark with the total market value of over 5,300 A-share listed companies increasing CNY9.4 trillion in the past eight trading days, China Times reported citing analysts. Solid holiday consumption, a greater-than-expected cut to the Loan Prime Rate and regulators’ vows to strengthen regulation drove the rally. The market is entering a rebound trading window, and the main allocation should still focus on high-quality blue chips and science and technology growth , according to a report by CITIC Securities.

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