Category: Money tips Release Date: 2006-05-23
Source: Kuo-Cheng Li scholarship investment
Today, the Shanghai Composite Index continued a volatile morning finishing the afternoon diving, turnover is still relatively low. Heavyweights drop, indicating a neutral market outlook bearish, it is estimated Ruoshi broader market will continue to maintain the pattern. Operation, we recommend investors to proper control positions, rallies lighten up. Index, the Shanghai Composite Index opened 3906.01 points, up 3916.48 points, the lowest 3800.27 points to close at 3816.17 points, down 83.55 points, on turnover of 73.71 billion; Shen Chengzhi opened 12,798.37 points, the highest 12,860.61 points, the lowest 12,461.78 points to close at 12,509.14 points, or 251.92 points, on turnover of 41.47 billion, most stocks tend to continue down trend.
Overall, the majority of stocks rebounded after the end of the trend continued to decline, but there are some plates have a certain defensive. Today, more defensive industries with environmentally-friendly, wine, water and gas, hotels and tourism, and some stocks of energy concepts, social security Shigekura the Expo concept, QFII holdings and other stocks have certain defensive, and this corresponds in drop front table there are chemical fiber, paper, nonferrous metals, household appliances, glass, electronics and other industries. ST stocks polarization, a considerable number of stocks closing lower limit, the value of the plate will return. Specific to the industry, the financial industry, Shanghai Pudong Development Bank, Industrial Bank, Chengdu Jian-cast, Huaxia Bank recorded a decrease of 4%, and financial stocks decline greatly undermined the popularity of the market; iron and steel industry is also a weather-beaten, the vast majority of individual stocks is received green, Xinhua shares fell Dalian Taurus at the forefront; the oil industry, China's Sinopec was down nearly 3%. Market turnover also continued the trend of shrinking, which determines the early rise is not a reversal, but the rebound, and rebound is very likely to end soon.
Message level, the PBOC Monetary Policy Committee recently held a regular meeting of the second quarter of 2007 proposed to coordinate the use of various monetary policy tools to maintain the basic stability of the overall price level; promote the money market benchmark interest rate system, further enhance the regulation of prices as a lever effect. The meeting, the next phase of monetary policy and measures should continue to implement prudent monetary policy, stable and relatively tight, and further enhance the predictability of monetary policy, scientific and effectiveness, strengthen policy coordination and foreign currency and banking system liquidity管理. To guide a reasonable growth of money and credit, maintaining overall balance. Vigorously promote financial reform and innovation, and improve the multi-layer financial market system and improve the competitiveness of financial institutions and financial markets, efficiency of resource allocation. Continue to follow the initiative, controllability and gradual to the principle, improve the managed floating exchange rate system, market supply and demand in the RMB exchange rate formation of the basic role in maintaining the RMB exchange rate at a reasonable and balanced level basically stable. It is reported that various monetary policy tools, including special treasury bonds, interest rates, and notes, etc., estimated future increases in the number of the statutory reserve ratio may be reduced. "Keeping the overall price level basically stable," This shows that the central bank is not on the level of the individual under the CPI level for deciding whether to raise interest rates, but rather to determine whether the control of the whole year about 3%. Another issue of special treasury bonds and the export tax rebate policy adjustment is the Ministry of Finance take the lead, strengthen monetary policy and fiscal policy and many other policy co-ordination may be some time to come in the second half as well as the main tone control policies. It appears that management's governance and regulation of capital markets has never been relaxed, China's capital market's long-term development prospects should be good, but the direction of short-term investors dominate the market confidence in the investor confidence has not been restored and the stock market desire is not strong against the backdrop of the broader market is likely to seek support for the re-bottom.
Comprehensive look at the broader market will be repeated concussion, post-oscillation down again most likely to seek support. Disk shows the late Quotes harbor cautious investors, after all, after the market boom will continue after the profit-taking, capital outflows continued to stock market will continue, some sections will be faced with a certain degree of selling pressure is normal, the afternoon to face a continuing callback pressure. Last month, a series of control measures that we can see that the management of great determination, but also more use of measures put in place. Does not rule out the latter part of the management to continue to introduce some measures to alleviate the problem of excess liquidity, including market expansion, diversion of funds and other means. Volatility in the market finishing period, relatively large stocks of operational risk, investors can choose to leave the rest.
However, in macro regulation and control is not without its investment opportunities, with a mid-year report is the pre-growing blue-chip institutional focus. Adjustment of the stock market value of the company that many investors have a more realistic understanding of the capital market will become more healthy, while the performance of the company's rapid growth has brought huge returns for investors. Radical attention to the market investors can Qingcang hot plate and blue chip companies, as well as defensive assets such as highways, electricity, coal, etc. to make short-term oriented. In the short-term operation, when there are two aspects that require attention. The first position can not be too heavy to Qingcang operation, so that the psychological pressure will be relatively small. Second, with or without a profit, we must Kuaijinkuaichu, especially the out of time, can not have the slightest hesitation, so that even without a profit, it will not cause major damage. Investors to pare holdings rallies sound recommendations.
