Source: CCTV.com
05-09-2007 15:38
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Stock brokers's service centers have been crowded with people. Among them are investors busy doing transactions, and more new comers opening accounts. This April saw more new investors enter the market than the previous two years combined. But experts say there are also some weak shares, perhaps creating a bubble in the market.
"I don't think it's good for the market to go up everyday. It's unusual. Just because it's climbing doesn't mean it's supposed to, " says Zuo Xiaolei, chief economist of Gulaxy Securities.
"Although there are many new accounts opened every day, they are individual accounts, not institutional accounts with big capitals. What's more, most new individual investors are new to the market, " says Wang Jian, Beijing Yuetan Branch manager of Huatai Securities.
According to a survey, most new stock market investors do not have the necessary skill or knowledge of the market, and are trading without enough awareness of the risks involved. Experts are warning investors to be mindful of the potential downside, and to trade with caution.
Editor:Chen Ge
