The 17th NCCP was unveiled on 15th October and will last until 21 October.According to the track record of post-NCCP performances since 1977, the HSI should decline in the first three months. On average, HSI lost 6.7% in the first month after the NCCP, 9.8% in the second month and 8.9% in the third month. Please refer to the table.
Nevertheless, UOB KayHian research expects "the decline to be short-lived and the correction to be shallow", as "the abundant liquidity coming into the market this time could help narrow downside risk."
2 comments:
Have the feeling that HK market is not looking good. Seems like the correction is coming but overall the call-warrant market in m'sia still very very HOT.
I find out that the correction seems will be very short too because the China goverment seems like having lot plan and money to come and pushing the market. Although the goverment dun want the market move too fast but too many people is still pushing it.
Good luck to all inestor.
it's better to be safe than sorry.
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