By Zheng Buchun

A-shares moved up across the board Thursday with Shanghai Composite closed 0.52% higher at 3229.62 points and Shenzhen Composite 0.57% higher at 1958.12 points. Trading volumes on both markets are slightly lower than that of Wednesday. Equities retreated earlier yesterday, but managed to recover some ground in the afternoon. At the close of trading, weighted stocks such as the stocks of securities firms gained strength, ending the session with a strong note.

The market was not doing well Wednesday. Trading volume was expanding while stocks prices did not increase too much. But major indexes turned positive Thursday. In the short-run, the market will not see big price swings as the annual plenary sessions of NPC and CPPCC are coming soon.

There are quite a few positive economic reports recently. Specifically, the central bank resumed reverse repos to inject more money into the financial market, which in turn will help stabilize the stock market. The first half of January has seen a weak market, which is primarily due to liquidity strain and ever faster IPOs. As the former factors continue to weaken this month, stocks are expected to deliver better performance.

A-shares are doing well at the moment, but still lack of strength. You can maximize your returns by trading within different time frames. But don't be too greedy when snapping up cheap beats and chasing high-yield stocks. It's better to sell them if Shanghai Composite reaches 3238 points in the following days.

(Zheng Buchun is NBD's columnist)

Email: tanyuhan@nbd.com.cn