A Boom in China Share Market today

Since China ministry of Finance reduced stamp duty for share trading from 3 in a thousand to 1 in a thousand.The share market today can’t stop raising.For me I get back some money which I lost at that bad weeks through this adjustment.

There are still two unit trusts I’m holding.The following graphs are showing today’s status of the shares that both unit trusts invest in.

ut1  ut2

More than 95% of shares in the market are raising their values,and be higher up to upper trading limit.The SSE Composite Index increased 9.29%.

sseci1

The fluctuating range of Shanghai Stock Exchange Composite Index in one-year time is very histrionic,around 50%.That means people who bought shares at that top had lost 50% of the fund;on the other hand,somebody has won for 50% more.In fact that is like a gamble and lots of people burned their money,few of people only get the gain.

I hope the share market can be prosperous in a much smoother way because only that can bring to China a positive view on macro economic and more important,to have a stable society.