Friday, December 31, 2010

economic forecasts to keep in mind in 2011 stock market

economic forecasts to keep in mind in 2011 stock market ; Top researchers from financial institutions said in late November that they are bullish about China's A-share market in 2011. Xu Weihong, head of the research division of Guodu Securities Co, expected the benchmark Shanghai Composite Index to reach 3500 or even 4000 points some time in 2011.

He said the ample liquidity in the market will drive the performance of listed companies.

Li Feng, head of the research division of Minsheng Securities, predicted the benchmark Shanghai Composite Index will fluctuate mainly between 3500 and 4000 points and may even hit 4500 points. He said bank stocks will perform better next year, which will help the stock market to recover.

For next year's investment opportunities, analysts tip the industries and sectors mentioned in the government's 12th Five-Year Plan (2011-2015), including equipment manufacturing and the new-energy industry.
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