The Shenzhen-based ChiNext index has advanced 53 per cent this year, almost five times the gain on the benchmark Shanghai Composite Index. Photo: SCMPThe Shenzhen-based ChiNext index has advanced 53 per cent this year, almost five times the gain on the benchmark Shanghai Composite Index. Photo: SCMP
The Shenzhen-based ChiNext index has advanced 53 per cent this year, almost five times the gain on the benchmark Shanghai Composite Index. Photo: SCMP

ChiNext rally in Shenzhen keeps stock traders on guard for fallout as valuation approaches 2015 peak

  • The ChiNext board of start-ups trades at 77 times earnings, more than four times the multiple for the benchmark Shanghai Composite Index
  • The ChiNext index gained 4.8 per cent last week for the best five-day performance in a month after trading rules were eased

Topic |   Stocks
The Shenzhen-based ChiNext index has advanced 53 per cent this year, almost five times the gain on the benchmark Shanghai Composite Index. Photo: SCMPThe Shenzhen-based ChiNext index has advanced 53 per cent this year, almost five times the gain on the benchmark Shanghai Composite Index. Photo: SCMP
The Shenzhen-based ChiNext index has advanced 53 per cent this year, almost five times the gain on the benchmark Shanghai Composite Index. Photo: SCMP
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