Obviously difficult to get the bulls are still in bad initiative Money Tips

Category: Money tips Release Date: 2007-08-02

Source: GF Securities

Wednesday weaker broader market trend continuation pattern of deep-strong Shanghai, the Shanghai index around 3600 points, finishing an integer shock and eventually closing 3612.40 points, with the Tuesday closing point and basically the same, and stand firm for the second consecutive trading day at 3600 points, an integer, rather Shenzhen market continued to expand up a new high close of 10,401.62, Shenzhen into a mean, there is still 1.09% higher than Tuesday's gains. Shanghai stock market turnover 168.7 billion, the Shenzhen market turnover of 100.2 billion, the two cities continue to be at steady state turnover.

Message level, the cut-off Wednesday, 96 funds have been released in 2007 a quarter of its Quarterly Bulletin. According to the research institutions, statistical data show that the direction of one end of the quarter the stock position open-end fund shares 80.2%, there has been a certain degree of lighten up actions, real estate and financial stocks as the fund holdings of the important target group, while the steel and other industries are still institutional investors have been bullish. As the current number of off-site private capital, liquidity remains abundant in the maintenance of the phenomenon, so the weakening of the Fund's participation efforts, the impact of the market is limited. However, changes in the direction of the fund's holdings or in a certain extent, reveals the existence of the current hot market direction. From Wednesday to observe the disk, steel plate and non-ferrous metal, coal and other resource stocks continued strong Hengqiang, led to the current market at the same time, electricity, medicine, transportation, commerce, agriculture, the performance of plates is also very active in , despite the rapid rise in the index to 3,600 points, the macro-tightening policy, and market factors such as fear to be the accumulation of highly efficient, making part of the pre-big gainers on profit-taking, while the financial stocks, represented by the adjustment of blue-chip group of has to a certain extent, affected the tape running, but because the market is still very abundant capital, the venue of active overall situation has not changed. Blue chips instead to various concepts of collective adjustment of shares, cap, lower as well as the second and third line varieties of leaves space for expression, even in the process of rapid decline in the index, the market should rise in the number of stocks at home rather than falling stocks, indicating currently on the market long in most varieties are still active.

Overall, the sector rotation is still a continuation of a huge money in the market effect of driving under the guarantee active trading market in the upstream process of changing hands full with the inside of the continually rising cost of the average Chi Chou, currently on the market in the overall strength of the pattern, and every time intraday correction have become involved in outside funding opportunities. Because there was no obvious short-term negative factor, a good surge in the blue-chip performance fundamentals, the various types of funds, there is still room for performance, short-term volatility in the market will still continue to rise.