Investment Daily Note
类型：投资策略 机构：新鸿基投资服务有限公司 研究员：新鸿基投资研究所 日期：2015-08-14
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Market Highlights
Shanghai and Shenzhen Stock Exchanges tightened short selling restrictions yesterday, announced securities lending (borrow securities and then short sell) "T+1" with immediate effect, i.e. allow to close positions on the next trading day after securities lending (originally "T+0"). Since this measure may increase the risk of short selling, investors are expected to reduce short selling activities, thus easing selling pressure on the market.
SinosoftTech (1297.HK)announced its half-year results yesterday, net profit rose 23% to RMB56.8mn. This may provide a clearer message of the business outlook for the recent weakness in software stocks.
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