The broad market has a good long-term prospect as there is an abundant supply of funds and on China's booming economic growth. But I expect the index may still move in a narrow range now as institutional investors unload some of their positions and buy others.
More Quotes from Liu Yu:
Blue chips were sought after yesterday after the recent correction. But you will probably see the index move in a narrow range before any stimulus is launched to bolster the market.Liu Yu
The market still faces pressure when it heads towards the 1,300 level. It may fluctuate in a narrow range this week, waiting for more stimulus from the regulator.
Liu Yu
It's natural to see a drop after a long-time rally. The index may further decline in the week as investors trim positions but will probably gain support at the 1,330 level.
Liu Yu
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