Shanghai Stock Index Close To 2400 Point Fund Shows Signs Of Lighten Up

Specific reasons: "in the Shanghai stock index close to 2400 points, the rhythm of the A share market may change. The adjustment of the first day of the strong stock market is a sign of the fund's profit reduction.

Since the beginning of this year, the money making effect of the market has mainly focused on the growth of small and medium sized hot spots. After such a sharp rise in stock prices, the ability to digest and cash expectations has become a topic of concern for the institutions.

The results of the calculation of the location of Chung Lu fund research center showed that the average position of the open equity fund in the sample a week before the holiday dropped 1.56 percentage points to 83.70% from 85.26% in the previous period.

The average position of equity funds was 88.05%, down 1.86 percentage points from the previous period, while the average position of hybrid funds was 75.88%, down 1.01 percentage points from the previous period.

Before the beginning of the market, there was a sharp decline in the market shock, and the position of the fund decreased significantly. An important factor may be that the institutional investors have taken a cautious attitude towards the larger varieties.

The market hopes that these larger varieties will have more than expected factors, but the reality is that after the stock price has risen sharply, the fundamentals have not changed significantly, which may be an important reason for the reduction of the fund.

Chung Lu fund research center also believes that since the beginning of September, after 2300 points, the stock index has been in the vicinity of the location of the concussion arrangement, with the purchase of new shares came to an end, the stock index is gradually out of the negative area.

Besides,

The anticipation of all optimistic factors has basically been reflected. Almost all good intentions observed have actually become an important factor in driving the market up during the three quarter.

But observing the current economic level, fund managers believe that the economy as a whole is in the throes of growth and structural adjustment, and is still hovering at the bottom.

From the recent data tracking, iron ore, steel, chemical and other industrial prices in the early rebound on the basis of further weakening trend, and real estate in many places.

After the cancellation, there was no expectation of a substantial recovery of the "golden nine silver ten", and the overall macro-economy remained weak.

Bo Shi

Wang Yan, deputy director of the mixed group investment, stressed that there is still some uncertainty in the process of economic restructuring and reform, and that the next stage will enter the shock interval of differentiation and adjustment of the stock market when the market's general inflation stage is over. At the present point of view, there is no fundamental change in the weak fundamentals of the enterprises, and the optimistic expectations of liquidity and policies have basically been reflected.