Since
the beginning of October the main Shanghai stock index – Shanghai Composite has increased
with 2.8%. The lowest level ( - 0.74%) was posted on 17 October at 3041 while the
highest value was marked on 25 October at 3132.
During the past week SSEC continued to move upwards and advanced with 0.4%. The
first two days of the week the index was rising, while the next days brought
slow decline.
The highest daily increase for the week SSEC marked on Monday (1.21%), while
the biggest daily drop had on Wednesday (-0.5%). It is important to note that during
the past week the People's Bank of China uploaded the financial markets with tens
of milliard yuan via weekly repo transactions with commercial banks, which
influenced in the direction of lowering the exchange rate of the yuan.
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