Category: Money Tips Date: 2007-01-26
Source: Jin Securities Author: SONG Qing-dong
Friday by sharp diving Warrants Market impact of the two cities index out of the wide trend shocks. Although the Shanghai Composite Index hit the day again, the recent high of 1695, but the intraday funds Chi Chou separate ways but decreased the stability. In the new round of macroeconomic regulation and control to start, as well as the official gate opening of IPO environment, the 1700 near to leave or stay to become parties to the recent financial dilemma of a difficult problem. Disk, although you Stock Quotes is still in full swing, but the petrochemical industry, the overall weakening banks plates, colored mainstream market is still able to recover trace of buried shell.
The message level, the China CAMC Monday through issuing 4800 shares of the Shenzhen Stock Exchange A share price, marking the shares after the IPO financing reform started. Although this issue offering price of 7.4 and 48 million in circulation in terms of the current hot stock market is just a piece of cake, but this triggered a new round of IPO fever can implications of market trends, which we he does not dare to jump to a definite answer. After all, China CAMC is just a beginning, then there Datong Coal, Coship, Yunnan Salt, post management, recognized the issue of how much rhythm in the end, it will directly affect the operation of long-term trend of the market. Friday news the face of the greatest market impact than the SSE of a paper on the warrant notice. This is an article entitled "on further strengthening of risk management brokerage warrants notice," the article makes the emergence of the two cities 26 warrants large-scale trend of extreme diving, hot anomaly warrants early Friday market has become the hardest hit in the market . Wuhan Iron and Steel JTB1 fell 24.34 percent, Jacoby QCP1 down 23.87%, Wu Liang YGC1 fell 13%, and even the theme of a recent major acquisition of Handan Iron and Steel JTB1 support declined by 15.78 percent to close, after trading has been seen by about 30% of the decline in , this impact, the two cities share tendency also appeared more obvious panic sell into the phenomenon. Of course, this notification warrants issued by the fundamental reason is that the market experienced some time ago, after the irrational speculation, most of the warrants are put warrants in particular has been completely divorced from its value, self-contained market risk has been considerable. But in the current 1700 near sensitive areas, the Stock Exchange issued a thorough investigation into account irregularities and illegal financing of speculation right to notice of the need to remove market doubts about management's intentions. In the end of this notice is limited to strictly control excessive market speculation warrants, or means the entire stock market, at this point has not been a clear answer before the uneasiness in the market of the stock market turmoil triggered by the inevitable is inevitable.
From the market trend point of view, last week, we mentioned "the current market is the key Shanghai Composite Index in a few days whether to close the successful and progressive firm in 1665 the first preliminary M resistance. If the index of short-term success of station 1665 and to be recognized for their callback Suliang way, then started up again late rally and the index of the completion of three sections in one fell swoop on reasonable that the increase in half. "Friday from Thursday's market operations have been run, on Thursday card to take rough measurements such as the success of a small breakthrough in the way the pressure has been shown the current 1665 funding Kong Pan bulls strength is still very full. But in Friday callback order is still making his way though a multi-funded the successful closing weeks Shouwen 1665 point level, but on volume that has appeared in an enlarged and more obvious that it is closed in Shenzhen as a yin-yang movement package. This shows that the uncertainties in the policy side of the Chi Chou under the influence of the stability of the market weakened. Thus, in the next 23 trading days will be critical to market changes, if the Shanghai Composite Index earlier this week to continue in close Shouwen 1657 point and is not broken, then the market is once again a record high this week, and broke through to 1700 integers pressure will be possible, the other hand, if the 1657 income will be re-broken the index back to 1538 - 1700 range of finishing, when the investors in the latter part of the operation of the index would need to have a trace of the cautious.
