Category: Money tips Release Date: 2006-05-19
Source: National Cheng Investment
The Shanghai Composite Index finishing the day to keep the disadvantaged, to maintain turnover of around 100 billion, up more than a few homes down a few companies, but the index heavyweights drag down the index, the possibility of outside capital into the market is increasing, investor confidence in the progressive recovery. But not yet fully restored, is expected to afternoon will continue oscillating for some time, but will gradually raise the short-term bottom. Operation, we recommend investors to put in place appropriate controls to adjust positions involved in high-quality stocks. Index, the Shanghai Composite Index opened 3918.54 points, up 3947.33 points, the lowest 3887.59 points to close at 3912.94 points, down 17.12 points, on turnover of 63.73 billion; Shen Chengzhi opened 12,770.25 points, the highest 12,925.05 points, the lowest 12,711.28 points to close at 12,790.94 points, or 50.57 points, on turnover of 33.27 billion.
In news, according to the National Bureau of Statistics 19, introduced in June CPI rose 4.4%, chain rose 0.4%. In addition, the CPI rose 3.2% in the first half. Estimated that in order to deal with inflationary pressures, raising interest rates become essential measures. The second half of the central bank monetary policy is another major focus of the increasing inflationary pressures and to combat it. NDRC price department of the experts predict that rising prices have a certain inertia, full-year CPI is expected to more than 3%. Price increases for three reasons: a substantial increase in grain prices in the international market and stimulate domestic food and non-staple food prices; the means of production prices and labor costs driven; structural imbalance of supply and demand for some products. There are great efforts in energy-saving environmental protection, and improve labor protection and other measures to increase people's income will bring upward pressure on prices. After raising interest rates twice this year, China's current one-year deposit interest rate to 3.06%, but 20% of the interest tax deduction is only 2.45 percent, its population is negative real deposit rates. In this context, save money than buy a house, buy stocks, pushing up asset prices. Due to the presence of interest tax, for each interest rate effects will be beaten discount for each purchase, therefore, reduction of interest tax may stop raising interest rates before. The CPI index is too high will lead to the expected interest rate increase today's constraints to stabilize the broader market, investors concerns about the market outlook can be seen faintly.
The industry is among the biggest gainers today, printing and packaging, media, entertainment, glass, chemical fiber industry, building materials, etc. In addition ST plate, backdoor listing, network information, military, and other stocks are also in the forefront or table; today at the forefront of a decline in table environmental protection, development zones, coal, petroleum, steel, cement and other industries and Awkwardness of Fund. The financial sector, Ping An, China Life Insurance shares in two lots down the rest of the majority of bank shares also fell slightly; iron and steel industry as a whole continued to decline. Weight of individual stocks from various sectors of today's trend of view, outside the capital in the market outlook is still cautious, but step by step in restoring investor confidence, short-term oscillations within the index may be elevated.
On the whole, the market's bullish factors and negative factors are intertwined together, the combination of these factors will also lead to broader market continue to maintain order. The trend of the market in the second half is expected to be Xianyihouyang, after the first three quarters of the consolidation adjustments, Q4 is expected to re strong, and has once again hit a new high possibility. The second half of the market is facing many uncertainties. Tight regulation and control is expected to have not been eliminated, but the regulation and control policy will not change the trend of rising stock prices. In addition to macro-control may lead to shock, the second half of the bond market, the GEM market, and launch of stock index futures market funds may be diverted. In addition, QDII diversion of funds, return of red chips, open and targeted funding will also bring additional pressure to accelerate. The existence of these negative factors will lead to sustained oscillation finishing tape low, expectations index rose sharply in the short term is unrealistic. As No. 3 quarters after the annual results of listed companies in 2007 a basic uncertainty is expected under the guidance of leading blue chip companies, 4th quarter of A-share market is expected to re-strengthened and have once again hit a new high possibility.
Later will have to continue to test investor confidence and patience. Technically, facing the stalls 20, 30 and 60 day moving average at an important resistance, in the absence of volume support, still need to have a patient process of digestion, coupled with the upcoming release of macroeconomic data, although the confidence of investors in the gradually restored, but the market cautiously hesitant mentality inevitably, it is estimated the short-term Quotes will remain in the bottom of the main Zhencang. Investors are advised to Qingcang involved in high-quality blue chips put in place to adjust.
