Location: carl sagan's universe
Posted on: 24-04-07 08:14:56
Looks like China is in an ever expanding mode right now.
The prognosis is that it hits 4000 before MayDay
http://investing.reuters.co.uk/news/articleinvesting.aspx?type=hotStocksNewsUS&storyID=2007-04-24T051128Z_01_SHA102288_RTRUKOC_0_US-MARKETS-CHINA-STOCKS-MIDDAY.xml
SHANGHAI (Reuters) - China's main stock index rose 0.59 percent in frenzied trade and set a fresh record high on Tuesday, led by the steel sector, though the broad market was mixed.
The benchmark Shanghai Composite Index <.SSEC> fell early on but soon rebounded to end the morning at 3,732.785 points, off an intra-day high of 3,746.240. Gainers outnumbered losers by 451 to 400.
Turnover in Shanghai A shares expanded to 105.7 billion yuan ($13.7 billion) from Monday morning's 101.1 billion yuan.
The index surged 3.53 percent on Monday and is up 30 percent since the end of February. The huge gains have left many analysts and investors expecting a sharp pull-back at some stage, but trade is so bullish that few want to sell now.
Huatai Securities, for example, expects the index to touch 4,000 before a week-long holiday begins on May 1.
BSE soars past 14,000. Think it'll break its all time record before Maharashtra Day?
INDICES Points +-Pt +-%
SENSEX é 14,136.72 208.39 1.50
MIDCAP é 5,745.34 42.90 0.75
SMLCAP é 7,003.63 32.71 0.47
BSE-100 é 7,117.94 111.34 1.59
BSE-200 é 1,681.10 25.11 1.52
BSE-500 é 5,349.62 75.24 1.43
Europe down. HK flat in green. Japan flat in red.
Look out for the interest rate announcement later in the day here in Canada.
Location: carl sagan's universe
Posted on: 25-04-07 22:48:44
Hey like I am gonna break habit and sing..
The DOW JONES becomes a teenager! It cracked and closed above 13,000 man!
ya think maybe it'll now trip in 'Teenage Wasteland'? (Baba O'Riley...)
Location: carl sagan's universe
Posted on: 26-04-07 07:18:56
"Everything in nature contains all the power of nature. Everything is made of one hidden stuff."
-Ralph Waldo Emerson
Figure the above out!
So China is up.
http://www.forbes.com/markets/feeds/afx/2007/04/26/afx3654614.html
CHINA
A-shares in Shanghai and Shenzhen closed higher on continued fund inflows due to the strong yuan with property and tourism stocks gaining ground. The benchmark Shanghai Composite Index closed up 39.10 points at 3,783.06. The Shanghai A-share Index was up 40.73 points at 3,975.68 and the Shenzhen A-share Index was up 14.99 points at 1,108.03. B-shares in Shanghai and Shenzhen closed higher, tracking A-share gains with blue chips in demand. The Shanghai B-share Index was up 5.13 points to 213.62 and the Shenzhen B-share Index was up 9.73 points at 586.07.
BSE flat in green up 11.11 (dig all the 1's- set to explode you think?) points only.
CHINA
A-shares in Shanghai and Shenzhen closed higher on continued fund inflows due to the strong yuan with property and tourism stocks gaining ground. The benchmark Shanghai Composite Index closed up 39.10 points at 3,783.06. The Shanghai A-share Index was up 40.73 points at 3,975.68 and the Shenzhen A-share Index was up 14.99 points at 1,108.03. B-shares in Shanghai and Shenzhen closed higher, tracking A-share gains with blue chips in demand. The Shanghai B-share Index was up 5.13 points to 213.62 and the Shenzhen B-share Index was up 9.73 points at 586.07.
http://www.bseindia.com/
SENSEX é 14,228.88 11.11 0.08
MIDCAP ê 5,788.03 -17.30 -0.30
SMLCAP ê 7,017.32 -57.69 -0.82
BSE-100 é 7,171.33 5.08 0.07
BSE-200 é 1,694.08 0.85 0.05
BSE-500 ê 5,390.41 -0.12 0.00
Europe is up. Oil is up.
Location: carl sagan's universe
Posted on: 26-04-07 07:28:13
I would like to thank all the readers who have called me , wrote me and told me in person of their appreciation of my 'blog' on CD re Chindia.
As suggested by you I should start this in a new thread instead of continuing in the Mega Market Meltdown thread, as the news isn't really about that.
So starting Monday I shall start a new thread under the innocuous title of 'Chindia market wrap -up' unless of course the passionate out there would like to suggest a title with more oomph!
There will be the usual one-liners on Europe, oil, CAD, gold, silver etc.
Regarding TSX and DOW- please refer to BNN (channel 57 on Rogers) and channel 24 (Rogers)
Thanks for your support and interest.
Location: carl sagan's universe
Posted on: 28-04-07 23:20:59
Wowee! Thanx guys.The number of views on this thread has gone past 1000.
Sounds like I am talking about an index, eh?
Glad to know there are many out there who actually eyeball this thread.
Makes me feel I am rendering a good service.
Oh well. If you guys want more of the Chindia scene just visit the new thread on Chinidia starting Monday.
