A display shows Chinese stock indices in Shanghai on Wednesday. CHINA DAILY
While the A-share market underwent some adjustments on Thursday, experts are still upbeat on the A-share market performance in the following months, which is supported by China's continued industrial restructuring and economic recovery.
The benchmark Shanghai Composite Index shed 1.52 percent to close at 4177.92 points on Thursday, while the Shenzhen Component Index dropped 2.14 percent. Trading remained active, with total trading value of the three major exchanges topping 3 trillion yuan ($442 billion) for the seventh consecutive trading day.
Experts from China International Capital Corp Ltd said they are firmly confident of an upward trend in the A-share market in the mid-term, though fluctuations may be unavoidable. The country's stability amid global uncertainties and China's industrial innovation will serve as the core drivers, they said.
Xia Fanjie, a strategist at China Securities, said that a slow bull market driven by structural opportunities will typify A-share market performance in the second half.
