Volatility emerges as index re-approaching the all-time high

By Ding qi (Chinadaily.com.cn)
Updated: 2007-07-24 17:31

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Although the volatile nature of the stock prices has made asset increase a more difficult thing, most investors are still optimistic about the market and expected a new high of the index in the near future.

Their confidence may come from the strong mid-term corporate earnings unveiled recently. According to the interim reports of 61 listed companies available so far, their combined profit increased by 82.95 percent year-on-year. Moreover, by July 23, 477 listed companies had anticipated an increased income in their half-year earning forecast published in the two exchanges.

In addition, dealers said the further appreciation of the yuan will also helped bolster investor confidence in the long run.


(For more biz stories, please visit Industry Updates)

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