Data:2009-12-12 2:34
Category: Money Tips Date: 2007-07-04
Source: Tang Xiao-wu Huatai Securities
Tuesday morning market in the steel, nonferrous metal stocks, led by Shanghai Composite Index continued a few days ago upside momentum, rising to near 3700, but soon there ascribed to down trend. Opened the afternoon after the broader market is better, China Life has pulled Taiwan moves in the limit-position is still the main iron and steel stocks, some stocks are the biggest decliners, ST position, but by late moment appeared a modest drop in the end to close doji , the KLCI closed close to 3720 points, on turnover of 205.4 billion yuan, Shenzhen component index to close at 10669 points, on turnover of 112.4 billion yuan.
The most dramatic breakthroughs in recent days the stock market, the index reached a new high near 3700 to promote the broader market gained momentum from the steel and nonferrous metals, coal industry on the grounds that the downstream steel industry, real estate, fixed assets is still strong demand, which in the first quarter of strong steel prices, steel greatly enhance the performance of the company; the coal industry also sells a good, strong coal prices, while valuations relative to other blue chips lower, affected by this positive impact of institutions began pursuit of the coal stocks. Since the recombinant Monday, ST shares for several days after the fall re-theme of speculation, some of these stocks appear in the daily limit on pre-led performance of the fund excellent food, machinery, railways and other plates, after a modest rise in the latest index of cyclical stocks push higher , there two big Yang Xian. Tuesday began to continue the above trend, but the late worrying weakness in the Shanghai market turnover but there is a maximum value of 205 billion or so, long-short the differences increase, the next sell-off continue to increase. Overall, the stock market will push wheeled blue-chip index rose, but it seems little room for growth.
The early emergence of new investors to keep accounts continued to buy disk surface to stabilize the market in the capital, the stock market last week, rose four Yinxian adjusted tenaciously refused to give up the multi-note. We believe that the low-cost ordinary investors to circumvent the lack of results supporting the stock, for a good performance as well as the Annual Report undervalued blue-chip as an investment focus, but the broader market soon may make a huge volume callback.
