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Data:2009-12-12 2:34
Source: World Bank-based investment
In news: Main news around the trading varieties and institutional innovation undertaken, including the Shenzhen Stock Exchange issued guidelines for disclosure of major contracts; the first batch of pilot innovative closed-end funds are to be; SSE research plan covered warrants, etc.;
As the market expectations over the weekend has not promulgated a regulation and control policy, making the market overhang of the heart has finally put aside, worries have been dispelled. To do more in the high enthusiasm, driven by sharp reproduction of the stock market higher Monday. Morning sharply higher stock index opened slightly, led by financial stocks after finishing the weight of index shares to continue upward under the leadership of space to develop. Afternoon, finishing among the stock caught in a high platform, after which both parties do not intend to break the long-short pattern. Eventually the two cities reported large gains income, Shanghai stock market closed at 4253.34 points, up 2.91%. Shenzhen to close at 14,194.55 points, up 3.63%.
From the disk observation, a comprehensive broad based, individual stocks, down just 100 shares. Weight significant financial stocks led the index up to promote one of the major forces. Shares of Ping An of China strong limit-China Life Insurance, China Merchants Bank also had limit-attack. The Minsheng Bank, Bank of China, Industrial and Commercial Bank of China, have also doing well.
In addition to the financial sector, the appliance unit has become the major indexes pulled the power. Because of international IT giants Microsoft, Sichuan Changhong shares the company issued a public notice of the message is confirmed that the second day of Sichuan Changhong consecutive daily limit. This message has also led to the same time, household appliances across the board upside plate. Any other color plates, real estate, utilities, energy, steel, automobiles, etc. have taken advantage of under the positive performance. In addition, there should be a theme repeatedly discussed in recent closed-end funds.
Since the "stamp duty" incident, we can see that disk there are two strange phenomena. The first section of the crazy speculation warrants. Second, closed-end fund section of the overall rise. For the warrants speculation, since the speculative warrants yield could reach several hundred per cent, with a strong bet for investors in terms of great attraction. Has become a floating capital funds with the death squads a good place.
The closed-end fund section of the strength of there own reasons. Tape of the recent strength due to rising land prices, the valuation of listed companies was up again, the uplift of the valuation bubble may appear again. However, closed-end funds for their own worse resale values of the characteristics of high-contrast stock has a considerable advantage, the investment the higher safety factor. The innovative introduction of the base closure also greatly stimulated the active degree of the plate. Thus causing the current hot "seal the base Quotes."
Overall, today's broad market in the banking stocks and insurance stocks led the next two went straight to the early high point. However, banking stocks led the index record high but is not a good thing. Because, whenever the elephant to dance interpretation of bank shares, the market pressures are increasing. From the recent history of the trend can be seen whenever the bank shares to re-active, not "28" in the fore is the index adjustment.
For the afternoon, the stock at this time from the previous high of 100 points less than the distance. If there is no major bad short term introduced, I do not rule out the index of the possibility of a new high. However, today's rose due to non-regulatory policies caused the message, rather than the internal dynamic of the rose, did not have much continuity. Moreover, the linked to a higher CPI economic data, the central bank re-shot almost become a necessity, so control the pressure still exists. Meanwhile, the huge profits rose after the disc tray with the high pressure also limits the index rose a further room, the main Shenglang Quotes would be difficult to start. Estimated the expected tape before the introduction of control measures will be carried out in the current point and finishing wide shocks.
