BEIJING, Aug. 18 (Xinhua) – Fluctuations in China's A-share market are still likely to last for a while, reported egsea.com citing a research report of China International Capital Corporation Limited (CICC).
The report attributed the forecasts to multiple factors such as the external uncertainties when the U.S. presidential election draws near, diversified stock market valuation with not low valuation for certain sectors and monetary policies already under marginal adjustment showed by latest monetary and credit data.
In the mid- and long-term, CICC is optimistic about the future A-share market performances in light of the deepening economic recovery in China, effective COVID-19 epidemic prevention and control compared with the outside, and leeway of policy adjustment.
In the short term, CICC report suggested investors pay attention to sectors where industry fundamentals may improve, valuation remains still low and performances lag relatively behind that of the overall A-share market.
What's more, investors are also advised to absorb stocks of industry-leading companies whose development represents the trend of consumption upgrading and industrial upgrading. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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