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Thread: Will A shares continue to rise in May?
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[quote=YVONNE,285866]Before May Day Holiday, Chinese government had lowered the stamp tax for stock transferring to 1%。. This has revealed that the managers hope the market could develop stablely and healthly. Encouraged by this move, both Shanghai and Shenzhen Stock Exchanges have welcomed more than 4 percent increase in the market. Some investors have regained their confidence to hold their stocks. Another good news is that the net profit of the listed companies in 2007 has reached 864,499 billion yuan, increasing 50 percent compared with last year. Really surprising! I am wondering how they made it. Once the Shanghai Composite Index slumped below 3000 points and many investors had lost a lot of money. How could those listed companies make profit in this situation? The happiest thing is that the stocks are starting to rise. However, how long will the rebound last? Do you think it will continue to rise in May?[/quote]
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