Sunday, August 1, 2010

Citigroup says China equity market near bottom

China's stock market, the worst performer in Asia this year, is near bottom, and may rally as much as 14%, as policy tightening concerns ease amid slowing economic growth, according to Citigroup Inc. The Shanghai Index may reach 2800 to 3100 before
year end. But, the market will be mixed in the near term before being spurred by a
"liquidity rally". Recommended sector are consumer, insurance, transportation, healthcare, auto, technology and electrical machinery and equipment.

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