06:56
Experts say that A-shares present medium to long-term investment opportunities.
Jin10 data on August 18 reported that as of the midday close on the 18th, the Shanghai Composite Index rose over 1% in half a day, reaching a new high in nearly 10 years, while the ChiNext Index rose over 3%. Experts state that today, the A-share market experienced higher trade volumes with a broad rise, and the market is still expected to maintain a strong pattern. However, attention must be paid to the pullback pressure from high-level profitable positions. Yang Delong, chief economist of Qianhai Open Source Fund, stated that with the implementation of a series of counter-cyclical adjustment policies, the A-share market has gradually found its bottom and is showing medium to long-term investment opportunities. Although the overall market sentiment is optimistic, investors should avoid momentum investing in individual stocks and are advised to focus more on industries and companies with good fundamentals.