Extreme quietness marked ing at, the. Chinese Government Bond Market during the month of 'August which officially closed on the 30th, the August' Settlement'
"Except for occasional spurts, the market was dull in the sbeence of Big operators, Through" most. of tH8 trading days of "the month, the market "moved. inditerent Sometimes upward and" some ti downward, with no noticeable tend facy in either" direction, Thus fhe'end of Auust, the market clos profit-taking resulted in renewed ed on Saturday and continued to ad-optimism, "Thus the market one vance on the first day of the follow. ing, week. week. was perhaps period in August. Immediately after Monday's gains, the market" dropped. suddenly" Tuesday. However, the bars did not hold it for long, for gradually the market regained ita former level during the latter part of this week.
The last two weeks, were oxfd\ with only fractional gains mad tremely quiet with the market ses. No ong sue Gropped more' than flonsy however, were wider, Fighs and lows' ditereg by as ntich Be°d points foy Six Ber Sent, Con:
The. month of August started with pessimism us fae market showed no Frclination to" move tp, am Was usually the ease, following. the 'emoval of the current month quota-Bons after settlement day." Under file atmosphere, the bears worked Successfully im lowering the pres through five of the six trading d lof the first week. On the last da; moving indifferently, Despite the Tact thab settlement day wag. draw-Ing. close, there was no noticeable activity -at the end of the fourth Week." This was due to the fact thet," in the absence of wide flue. nations, few operators took a hand in"trantections a0 that. few outstanding positions had to be cover-tat before settlement, The ast two days of August trading after the fourth week were Hikewise quiet with havelly. much movement.
Following is a tabulated report of the market for August:
Open cee 18h Ye, Customs High ce Low Close Close" mom Joly Compar-Fluctu- Teansae-
4.070 1.30 BR BIN Hae Lil tre 2 as 4175138 225 3s. lage 28 e100 e310 e140—070 250
Text read from the printed page and cleaned; old type leaves the occasional error.