China’s stocks were raised to “overweight” from “neutral” by BNP Paribas analysts led by Clive McDonnell, who cited expectations the nation will start to ease monetary policy.
The analysts forecast the Hang Seng China Enterprises Index will rise to 15,800 in the next 12 months, according to a report today. They downgraded India stocks to “underweight” from “overweight” and have a 12-month estimate of 19,700 for the Bombay Stock Exchange’s Sensitive Index.
The Hang Seng China Enterprises Index rose 0.3 percent to 11,622.69 on June 18, while the Sensex, as the Indian benchmark index is known, fell 0.3 percent to 17,570.82.
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