Category: Money tips Release Date: 2007-01-21
According to the latest statistical data on the Shanghai and Shenzhen Stock Exchanges, as of May 11, the Shanghai and Shenzhen stock market capitalization reached 16.8921 trillion yuan. This means that "51" Festival on the first trading week of the Shanghai and Shenzhen stock market capitalization increased by 4.97%. Shanghai and Shenzhen stock markets last week, is the first trading week after the holiday, deep Shanghai Composite rose 4.7% in both, and the total market value of close to.
A shares last Friday there is a small drop is not in sharp decline, the recent turmoil often Friday, so to further the trend will have to see today.
Very strong performance in last week's B shares, a record six years, the biggest weekly gain, Shanghai B refers to the week up 25%, and the Shenzhen B refers to the week up 16%. Credit Suisse Group analysts wrote in a research report said: "This year there may be an appropriate opportunity for A, B shares combined, as A shares B shares an average price-earnings ratio is twice as much, and we think that this may provide arbitrage opportunities."
Although many people believe that AB units will merge, but I believe that AB shares are not ripe for consolidation, or, at least not so fast. If not the B shares, and many people would very likely be U.S. dollars into RMB, which is equivalent to the new currency of this trouble can not be smaller. The most hope that the residents are now concerned not to hold U.S. dollars redemption yuan, open QDII have this layer of hope. We can not forget any time, and the national interest above everything else.
In addition, B shares rose may not be entirely a good thing, which is similar to closed-end funds rose, or similar to the popular stocks rise, in fact, suggesting that the current market, acrophobia become increasingly evident. When the market is such indication, if coupled with news, there may occur some adjustments. So, instead of AB shares when the merger debate, not as good as the A shares B shares as an alternative target, or more reference value.
On the external front, last Thursday the Dow Jones index fell 147 points, Wall Street, but last Friday they rose 111 points. Commodities, the recent drop slightly non-ferrous metals, gold and other precious metals are falling to more oil has been rising against this trend of the three species are basically pre-amendment.
A stock so rose, as long as normal a little bit worried that people would, so the recent economists, analysts, investment banks have verbally fears are understandable, but some suggestions which may not be appropriate management of administrative pressure. If the bubble, as early as 2500 points on the shot put, why should they wait until 4,000 points before it starts, from 2500 points to 4000 points, shot at any location between the pressure is justified, therefore, for the foresight and insider trading which provide a convenient, apparently, it is the construction of the whole market back. If you can not help this time shot, then I think it's best to stock index futures do not come out, because the market rely on subjective judgments of individuals to decide, "Which point in time the squeeze bubble", index of risk will be surprisingly amplification, when the time will certainly cause untold consequences.
Based on this assessment, investors at present, although response to news, policy, pay more attention to face, but do not over-credulous rumor that there must be many rumors. The author estimates that the policy will face cautious, less than a critical juncture it does not produce strong opponents to intervene, some rumor does not stand scrutiny. Having said that, some rumors or some of the measures are not too heavy on the tape is indeed possible negative impact caused by 1:00, so the operation point, investors are not too careful.
CPI will be published this year and then become the focus of interest rates
Last Friday morning, China announced a number of economic indicators, in April PPI up by 2.9%, higher than March's 2.7%; April trade surplus was 16.9 billion U.S. dollars, the data is higher than the expected 15 billion U.S. dollars, but below the all-time high 238 billion U.S. dollars. Today, 10 am and will be extremely important to release CPI data will be released this week, the money supply, FDI, investment, and many other data. I believe will be very busy this week, news of the data after the introduction of a number of people will certainly be discussed again in our country that the issue should not be raising interest rates, but also will affect the performance of A shares.
China's current one-year deposit rate of 2.79% is indeed low, does have upside. Goldman Sachs in Hong Kong's economic character home Liang said: "The negative real interest rates lead to rising stock market too, if ignored, then asset inflation may soon enter the area of risk." Liang Hong, China's central bank is expected to raise interest rates a further three times this year.
