The Shanghai Stock Exchange Composite Index tumbles 8.257%, a massive 330.341 points closing at 3670.401. This may be a loss to many investors, but also an opportunity for others to jump in at lower prices and enjoy the long bull ride. The awaited 20% correction has already begun. From the high of 4335.963 on the 29th of May 2007, a 20% downward adjustment will bring the index to 3468.770.After today's plunge, we will need just about another decrease of 201.631 points on the SSE composite index to spark a good time for bargain-hunting. Just get your guns loaded with sufficient bullets !
Additional info:
The top 10 largest stocks listed on SSE (as at 15th January 2007) are as follows:
1. Industrial and Commercial Bank of China (1,397.86 b)
2. China Life Insurance (904.78 b)
3. Bank of China (887.31 b)
4. Sinopec (692.22 b)
5. China Merchants Bank (201.09 b)
6. Shanghai International Port (164.56 b)
7. Baosteel (161.81 b)
8. Daqin Railway (114.71 b)
9. CITIC Securities (107.99 b)
10. Shanghai Pudong Development Bank (104.30 b)
3 comments:
u r right on spot man, CSI will go to then 10000! ya no typo error before President Hu retire, he just told Premier Wen, he ask back buy what then, he say just buy PETro china!
yes my bro, u're right too.
Buy PETROCHINA!
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