Category: Money Tips Date: 2007-06-08
Source: Ling Xue-wen Guangzhou Bandung
Shanghai and Shenzhen this week, tape showed significant turbulence ascribed to the operation of the pattern, Zhou K-line both with a long lower shadow with a small Yangxian reported income, turnover amounted to 1.229678 trillion, again all-time records. Worthy of investor attention is affected by stress and other factors expected to influence the macro-control this week, four again like "2.27" Quotes of the panic crash, while in the National Bureau of Statistics released a quarter of a major financial data, the market in all greatly alleviate the kinds of fears and concerns, thus contributing to Friday the market started retaliatory upside Quotes. Whether or retaliatory panic sell into the rising trend of such a sharp shock from an angle, with the index rising, investors have gradually become more cautious attitude, long-short differences are starting to show. In the short run, it is anticipated that after this week's volatility, the current rising market enthusiasm and with the influx of incremental funding is still expected to further push up the index. Operation I suggest that investors should focus on species from the fundamentals of tap potential to grasp the current mainstream of hot spots; while continuing to focus on asset restructuring and asset into the subject matter, especially the central enterprises to the market a new round of integration and restructuring opportunities.
[Today's market conditions]
In the National Bureau of Statistics released a quarter of GDP and the CPI and other key financial data, Friday launched a strong counterattack tape Shanghai and Shenzhen market, both in the long Yangxian reported income, the previous day's losses almost fully recovered, all-around total turnover of 244.116 billion. Index runs from the day the trend point of view, early on the Shanghai Composite index was 3460.90 points, slightly higher open, the way shocks upside in the stocks rallied, driven by a continuous index recovered 5 and 10-day moving average, the maximum shot up to 3591.46 points to close at 3584.20 points, or 3.92%; Shen Chengzhi showed a corresponding trend of unilateral shocks upside, will recover most of the previous session Yinxian entities, is displayed in the current funding context of face is still abundant, the market situation is expected to run strong further extended.
From the disk situation, stocks rose almost across the board, the two cities just 11 stocks fell; from table or view, limit-the number of individual stocks increased significantly, according to rough estimates of closing, including the construction of energy, Lizhu Group, the earth-based, silver dove investment and non-ST Jiangsushenlong other 94 stocks with daily limit at close. Specifically, the financial, non-ferrous metals, iron and steel, energy coal and electricity hot plate, and other mainstream launched a strong rise of the stock market. In particular, the energy of coal, electricity stocks overall performance of the active plate, such as Minjiangshuidian, Datong Coal Industry, Guidongdianli, Wenergy Power. In addition, asset restructuring, asset injection with the overall theme of shares are also listed on outstanding performance, the more typical, including the overall strength of aerospace military plates, such as the aircraft Seiki, Liyuan Hydraulic, your stake in Air and space power and so on. Overall, market sentiment remained buoyant, Stock Quotes very active.
Friday, the Shanghai Composite Index opened to 3460.90 points, up 3591.46 points, the lowest 3460.90 points to close at 3591.46 points, up 135.18 points, or 3.92%, turnover of 157.389 billion; Shen Chengzhi opened 9884.48 points, the highest 10,305.00 points, the lowest point of 9884.48 to close 10,258.64 points, up 401.41 points, or 4.07% on turnover of 86.727 billion.
[Today In news]
Friday mainly in the following several news worthy of investor attention:
1, Premier characters name on the 18th chaired a State Council executive meeting to analyze a quarter of economic operations, the deployment of the current economic work. The meeting stressed that the economy do the next step, we must seriously implement the central economic work conference and the spirit of the Fifth Session of the Tenth National People's Congress, adhere to the scientific development concept to guide the economic and social development, maintain the continuity of macroeconomic policies and stability. According to the economic operation of the new situation and new problems and take prompt action based on economic and legal means of comprehensive measures to strengthen macro-control, speed up economic restructuring and growth mode, to prevent the economy from growing too fast into overheated, to avoid large ups and downs, strive to achieve sound and fast economic development.
2, 19, National Bureau of Statistics released the preliminary first quarter gross domestic product, accounting for 5.0287 trillion yuan, an increase of 11.1%. Driven by food prices, a quarter of China's consumer price index (CPI) rose 2.7%, or more than the same period last year rose by 1.5 percentage points, a decline of 0.3%. Which in March CPI rose 3.3%.
3, according to China Securities Depository and Clearing Corporation's statistics, April 18, Shanghai and Shenzhen stock markets create new accounts at new high of 344.6 thousand, of which the number of new A shares account for 275.2 thousand. As of that day, the total number of China's stock market has reached 90.2089 million accounts. Among these, the number of 89.791 million individual accounts, institutional accounts amounted to 417.9 thousand.
4, SSE and the Shenzhen Stock Exchange on the 19th of "51," Shanghai and Shenzhen exchanges were closed during the holiday arrangements made for: 5 months 1 Ri (Xing Qier) to 7 (Xingqi Yi) closed, May 8 (Tuesday ) from opening as usual.
5, 20, Fund 2007, a quarterly report on completion of full disclosure. According to Gu days congenial statistical data show that Industrial and Commercial Bank of China, Sinopec, China Merchants Bank, Vanke, Finance Street such as the lack of large cap blue chips gained momentum by the Fund's holdings, In addition, the Datong-Qinhuangdao railway, CITIC Securities and some other results that exceeded expectations or large cap blue-chip assets into the future sustainability of the Fund are being overweight, a powerful impetus in the fund, the blue chips a quarter of the trend is very different.
6, 19, the yuan central parity against the U.S. dollar reported 7.7199 yuan, 7.72 yuan mark the first time, and then a new high since the foreign exchange reform. Prior to the RMB exchange rate parity just last Friday and this week, a record, which means that the RMB exchange rate has been five trading days three times a record high.
[Afternoon Brief]
Shanghai and Shenzhen this week, tape showed significant turbulence ascribed to the operation of the pattern, Zhou K-line both with a long lower shadow with a small Yangxian reported income, turnover amounted to 1.229678 trillion, again all-time records. Worthy of investor attention is affected by stress and other factors expected to influence the macro-control this week, four again like "2.27" Quotes of the panic crash, while in the National Bureau of Statistics released a quarter of a major financial data, the market in all greatly alleviate the kinds of fears and concerns, thus contributing to Friday the market started retaliatory upside Quotes.
At a recent article already mentioned, the macro-control and market pressure from expectations that a technical amendment requirement is induced collapse Quotes of the week, four main factors. However, "2.27" after the collapse of market performance, that panic sell into the market response to negative factors related to overreaction. Indeed the pressure is expected to strengthen macro-control, large-scale diversion of funds to bring IPO, 51 holidays and market technical correction after a steady increase over the inherent requirements and many other factors have made the short-term operation of the market environment brought new uncertainty. In particular, the central bank in charge of the "Financial Times" in a short span of two weeks time, the author talked about the third consecutive time the possibility of future rate hikes made the market mentality clearly become more cautious. The article says that, despite the monetary policy, asset prices should not be directly on the ultimate goal, but it should be properly and timely manner to respond to the changes in asset prices, monetary policy should support the medium-term price stability from the perspective of asset prices. While maintaining tight monetary policy, and about excess liquidity and asset prices will likely be some time to come the keynote of macroeconomic policies.
19, National Bureau of Statistics released data show that a quarter of China's economy grew 11.1%, lower than a year earlier, accelerating 0.7 percentage points. While a quarter of the overall level of consumer prices rose 2.7%, had not crossed the 3 percent warning level. State Statistical Bureau spokesman said that the international balance of payments imbalances, excess liquidity and other issues is the current prominent contradictions in the economy, we must continue to strengthen and improve macro-control, but "no matter how the changes in economic trends, China will continue to maintain macro - control policy stability and continuity in order to ensure stable and rapid economic development. " In my opinion, from the medium and long term perspective, in the national economy maintained rapid growth in the context of the national economy as a barometer of the A-share market inevitably will reflect the trend of the national economy, especially the appreciation of the yuan, and the situation of excess liquidity will continue to support the A-share market bull run the pattern will be further extended.
I recently mentioned to judge whether there is broader market systemic risk should focus on two indicators, one trade surplus, first, the level of long-term bond yields. Is worth noting that this week dropped straight bonds, this fund from one angle, surface tensions and the expected macro-control pressures. Market trends this week the specific point of view, whether it is or the retaliatory panic sell into the rising trend of such a sharp shock from an angle, with the index rising, investors have gradually become more cautious attitude, multi - air their differences have emerged. In the short run, it is anticipated that after this week's volatility, the current rising market enthusiasm and with the influx of incremental funding is still expected to further push up the index. Operation I suggest that investors should focus on species from the fundamentals of tap potential to grasp the current mainstream of hot spots; while continuing to focus on asset restructuring and asset into the subject matter, especially the central enterprises to the market a new round of integration and restructuring opportunities.
