China equities had a spectacular run since the start of this year. The Shanghai Composite Index started 2015 at 3,234.68 points. After 5 months, the index was 55.2% up on 5 June at 5,023.10 points. This level was closer to end 2007’s figure of 5,261.56 points (before the global financial crisis blew up).
5,000 points level seemed to be the upper limit to cross decisively. In the last two trading sessions, the index lost 4.7% and 6.4% respectively. The index stood at 4,478.36 points as at today (19 June).
The following table shows the Shanghai Composite Index at various dates. The percentage change between two dates are provided in the table.
|Date||Shanghai Composite||Change (%)|
|31 December 2007||5,261.56||NA|
|31 December 2014||3,234.68||-38.5|
|5 March 2015||3,248.47||+0.4|
|4 May 2015||4,480.46||+37.9|
|5 June 2015||5,023.10||+12.1|
|18 June 2015||4,785.36||-4.7|
|19 June 2015||4,478.36||-6.4|
Will the Shanghai Composite Index continue the downward trajectory?
Copyright © 2015, limkimtong for Living Investment
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