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The recent bullish performance of the tech-heavy ChiNext in Shenzhen has come amid international investors' increasing interest in A-share companies, especially the smaller-cap technology companies, experts said on Monday.
For the ninth trading day in a row, northbound capital reported net inflows on Thursday, but that could not stop the benchmark Shanghai Composite Index and the Shenzhen Component Index from declining for the second consecutive day.
Overseas investors poured a net 7.9 billion yuan ($1.2 billion) into A shares on Tuesday, prompting experts to say the former's interest in listed Chinese companies remains unabated.
Monday's share price rebound shows A-share market sentiment will continue to pick up as supportive policies introduced earlier this year will further stabilize economic growth and inject impetus into the stock market, experts said.
Market experts said price fluctuations are normal after investors were surprised over declines in the price of wealth management products, which were especially noticeable over the past few weeks, and advised that a more prudential investment attitude should be taken during times of uncertainty.