Category: Money tips Release Date: 2006-04-22
Source: Guangzhou Bandung Author: Ling Xue-wen
China CAMC's release marked the resumption of full circulation under the conditions of IPO has been officially put into effect, as of now, there are already more than four companies to enter the fully tradable IPO process. Is expected in the coming period of time, issuing new shares will be accelerated, particularly in large-cap stocks of the IPO, the market could bring significant pressure. Despite the expansion pressure is expected to margin trading and other favorable policies to some extent is expected to resolve the next, but for now, the market began to face substantial financial challenges. On the operation strategy, the Investors are advised to actively tune the layout of warehouse and re-seize market opportunities.
[Today's market conditions]
The temporary suspension in China, Sinopec, Bank of China will issue 10 billion A shares and other sources under the influence of Shanghai and Shenzhen Tuesday broader market failed to rebound in continuation of the trend of the previous day's bottom, but rather showed a pattern of high within a narrow range order. Index runs from the day the trend point of view, early on the Shanghai Composite index was 1681.22 points, after opening ports, airports, highways and other transportation and other hot spots driven by slightly higher, but more cautious as the market mentality, while a huge rise in the pre - part of the non-ferrous metals, resource stocks dragged down by weaker shocks down, which will eventually cross-Star Yin income; Shen Chengzhi trend is similar to the corresponding trend of showing high within a narrow range.
From the disk situation, the market's overall level of activity has decreased, but there is still more than 20 individual stocks only the daily limit (excluding ST stocks); from the table or view, there are some key features: first, ports, airports, highways and other transportation and related industries the overall performance of stocks may be more active, such as the G on the Hong Kong, Wuhu Port, G Shanghai airport, Chutian high-speed, Yantian Port, G in the set and so on. Second, the automobile and accessory stocks are strong, such as the G SAIC, G Fukuda, modern investment, G JMC, Changhe stock, G sedan, G Chang, etc.. And then there are additional acquisitions, into high-quality assets, merger and reorganization as well as overall performance of listed stocks and other subjects very prominent, G, on Hong Kong, G SAIC, G Power repeated strong and wide; of these ST segment continued active in the near future, such as * ST Wo Jia, ST vertical and horizontal, * ST Gold, * ST Songliao, * ST Dragon, * ST Tianyi ST categories such as stocks more than 30 daily limit. The drop table, the pre-or a huge part of the non-ferrous metals, commercial and resource stocks drop front, such as the G to your inquiry, G HTC, G Bao titanium, G Lu gold and tungsten in high-tech, small commodity city, big business shares, G Southern and sugar.
Tuesday, the Shanghai Composite Index opened 1681.22 points to the highest point of 1692.82, the lowest 1672.81 points to close at 1679.13 points, down 5.49 points, or 0.33%, turnover of 33.013 billion; New Composite Index (000017) opened today at 1400.12 points, the lowest point of 1390.11 up 1410.23 points to close at 1396.37 points, down 7.39 points, or 0.53% on turnover of 23.538 billion.
Shen Chengzhi opened 4287.36 points, up 4341.67 points, the lowest 4268.29 points to close at 4294.49 points, down 9.32 points, or 0.22% on turnover of 19.177 billion. Shenzhen, a new index (399.1 thousand) to 1722.26 points, opening morning, the lowest 1707.02 points, up 1732.06 points to close at 1713.53 points, down 13.25 points, or 0.77% on turnover of 14.16 billion.
[Today In news]
Tuesday mainly in the following several news worthy of investor attention:
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1, Bank of China A shares issued starting the trial will be submitted to apply for Friday. Market, the strong concern of the parties to the Bank of China A share IPO was finally paying off. China Securities Regulatory Commission Fashen Wei announcement yesterday, will be held June 9 will be the 6th-fat trial, reviewing the Bank of China IPO application. Yesterday's pre-draft declaration of the prospectus to disclose plans to issue no more than 100 million shares, this issue of A shares accounted for the total issued share capital after the Bank of China will not exceed 3.945%.
2, on the Hong Kong Group G on the Hong Kong convertible to absorb the merger. Shanghai International Port (Group) Co., Ltd. will use the swap method to absorb the merger of its holding of G on the port, thus completing the Group's overall listing. Group will be 3.67 yuan on the Hong Kong / Unit issue price of shares as to absorb the merger on the price of convertible, investors hold a share for every G on the Hong Kong stock exchange for 4.5 shares of the Group on the Hong Kong stock exchange can also choose to 16.5 yuan in cash.
3, China's capital market M & A drama kicked off, four types of business popular. Shareholder equity ratio low, dispersed ownership structure, value has been underestimated, industry leaders such as M & A targets four types of enterprises have become popular.
4, foreign investment company may invest in a listed company's strategy. The Ministry of Commerce recently released "On foreign investment in investment companies organized by the Supplementary Regulations" provisions that allow foreign investment company organized under the relevant state regulations on listed companies to make strategic investments in investment companies should be regarded as foreign shareholders, Inc.. "Supplementary Regulations" Since July 1, 2006 into effect.
5, 118 basis points in the appreciation of the RMB exchange rate close to 8 yuan mark once again. U.S. dollars by the international market supply and demand in the domestic foreign exchange market crash and the impact of the appreciation of the RMB exchange rate in one fell swoop yesterday, 118 points, another exchange rate reform last year, the fastest rise since a record overnight, after a record 100-point rise overnight. Yesterday, according to China Foreign Exchange Trading Center bulletin, interbank foreign exchange market U.S. dollar against the RMB exchange rate 8.0096 yuan central parity, in the last week, based on the U.S. Dollar fell by 118 points, close to 8 yuan mark once again.
6, Sinopec to clarify the media coverage of the provisional suspension. Against a media outlet ran "Sinopec a new round of consolidation approaches, the proposed Shanghai Petrochemical A repurchase 5.7 billion shares, is intended to be 7.8 - 8 yuan / share price of Sinopec's Shanghai A share buy-back" message, Sinopec to clarify the Message no basis in fact, is a serious misstatement.
[Afternoon Brief]
China CAMC's release marked the resumption of full circulation under the conditions of IPO has been officially put into effect, as of now, there are already more than four companies to enter the fully tradable IPO process. According to another report, from the years before the share reform, in addition to more than 30 items will be passed, the SFC, in examining the project has reached 160. Among them, 100 companies are IPO, 60, the company is re-financing projects. Today there is news that China Securities Regulatory Commission Fashen Wei will be held June 9 will be the 6th-fat trial, reviewing the Bank of China IPO application. According to a pre-draft declaration prospectus disclosure, the bank plans to issue no more than 100 million shares A shares issued to raise funds net of issuing costs, will all be used to supplement the Bank of China capital. The author is expected in the coming period of time, issuing new shares will be accelerated, particularly in large-cap stocks of the IPO, the market could bring significant pressure. Despite the expansion pressure is expected to margin trading and other favorable policies to some extent is expected to resolve the next, but for now, the market began to face substantial financial challenges. Particularly after the broader market continued to rise over the current level of overall market valuations are no longer low, so the pressure will gradually reflect the expansion is expected to a strong market outlook broader market will enter a high shock stage.
The operation strategy, the authors suggest that investors actively adjust the position, at this stage should be considered a huge variety of pre-accumulated gains to continue to lighten up or calling out rallies. At the same time may be appropriately tap the compensatory growth plate, such as the strategic position with the center line of investment types or a combination of hot tap the market potential of some species with compensatory growth, such as the performance of substantial growth, industry consolidation and M & A theme, the central enterprise restructuring, asset injection, additional acquisition of subjects such as varieties.
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