Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
Investing.com -- China’s A-share investor sentiment showed significant improvement as of August 6, with weighted and simple Morgan Stanley A-Share Sentiment Index (MSASI) increasing by 21 and 25 percentage points to 116% and 110%, respectively, compared to the previous measurement period.
Trading activity increased across multiple segments of the Chinese market. Average daily turnover for ChiNext rose 13% to 556 billion yuan, while A-shares turnover grew 12% to 1.88 trillion yuan. Equity futures and Northbound trading volumes also increased by 6% to 278 billion yuan and 9% to 116 billion yuan, respectively, compared to the July 31-August 6 period.
The Relative Strength Index (RSI) over 30 days improved by 4 percentage points versus the August 6 measurement. While consensus earnings estimate revisions remained in negative territory, they showed slight improvement compared to the previous week.
Southbound trading recorded net inflows of $1.0 billion between August 7-13, bringing year-to-date inflows to $114.9 billion and month-to-date inflows to $4.5 billion.
Market analysts anticipate improved conditions for Chinese equities approaching September and October, when more clarity is expected regarding U.S.-China trade negotiations, Federal Reserve rate cut cycles, and policy direction from China’s fourth plenary session in October.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.