Booming A-share market expected to throttle back

The A-share market in the Chinese mailand is expected to pull back in the fourth quarter of this year after growth momentum peaked in the first half of the year, UBS Securities said.

The investment firm bet on reform-related sectors, including State-owned enterprises (SOEs), flagship businesses in heavy industries and green stocks that align with the country's structural reforms.

Bolstered by strong economic fundamentals, the mainland's blue-chip CSI 300 Index has risen from a level slightly above 3,300 in May to 3829.87 at the close of trade on Thursday.