China's stocks capped a second week of gains as consumer-staples producers rallied on improving earnings prospects, while property developers halted a three-day slide.
The Shanghai Composite Index added 0.8 per cent this week. Kweichow Moutai Co rose to a nine-month high after China International Capital Corp said the liquor maker's earnings may beat consensus estimates this year.
Shanghai's move to tighten criteria for non-local home buyers to help stem surging property prices is seen as a "temporary end of negative news," according to KGI Securities Co. Trading volumes slumped with Hong Kong's market shut for a holiday and before the release of industrial profits data this Sunday.
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The Shanghai Composite Index added 0.8 per cent this week. Kweichow Moutai Co rose to a nine-month high after China International Capital Corp said the liquor maker's earnings may beat consensus estimates this year.
Shanghai's move to tighten criteria for non-local home buyers to help stem surging property prices is seen as a "temporary end of negative news," according to KGI Securities Co. Trading volumes slumped with Hong Kong's market shut for a holiday and before the release of industrial profits data this Sunday.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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