Fri, June 15, 2012
Technology > Technology > China's space station mission

Shenzhou Ⅸ launch to boost aerospace shares

2012-06-15 01:09:28 GMT2012-06-15 09:09:28(Beijing Time)  China Daily

The launch of the Shenzhou IX spacecraft in mid-June will drive the aerospace sector in the A-share market to rocket, Western China Metropolis Daily reported on Monday.

Liu Ying, an analyst at Huatai Securities, said that the launch will bring trading opportunities for short-term operation as it is the final launch before the space station completes construction. 

The aerospace stocks have a higher probability to outperform the market before a launch, but after the launch, almost all the related stocks would fall, concluded Wang Tianyi, an analyst at Orient Securities Co Ltd, after comparing the performance of aerospace stocks with the market during the last several launches, ranging from Shenzhou IV to Shenzhou VII.

Therefore, before the launch of the new Shenzhou spacecraft, the market may resort to similar speculation, but considering the current weak market, the strength of the speculation remains to be seen, Wang said.

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