Category: Money tips Release Date: 2007-05-01
Source: Beijing in the first place
1, Taishiyanpan: ascribed to shock
1, Tomorrow Forecast: ascribed to shocks. Monday in Shanghai and Shenzhen cities has been steadily rising, in the Industrial and Commercial Bank, China Merchants Bank and China Vanke A and other financial and real estate stocks, driven by market sentiment active, the index continued higher. While financial, real estate plate once again strong, but does not rule out the broader market trend appears ascribed to shocks.
2, â‘?index fluctuation range: 2760 point of -2860 points;
â‘?Run: opened higher, high shock;
â‘?trend focus: whether the adjustment end is a rebound, or to regain upward?
3, in the short-term trend: ascribed to shocks. In the financial, real estate, low-cost and many other sections took turns attacking, market sentiment is becoming active again before the Spring Festival's policy of vacuum and the upcoming two sessions, which calls for the stock market need for stability and harmony, so as to provide better short-term operation in the opportunities.
Second, whole line Warrants Market
Monday, after the Shanghai and Shenzhen at the open, it has been steadily rising, to Industrial and Commercial Bank, China Merchants Bank and China Vanke A as represented by the financial and property stocks active in the intraday market sentiment, leading the market higher. Of course, A-share market's strong, there is no cold-shouldered the market warrants, warrants market in the recent pattern of rare whole line.
From the closing situation, 24 warrants (Valin JTP1 suspension) are in a higher state, of which Shanghai market JTP1, Jacoby QCB1, and Maanshan Iron & Steel CWB1 among the biggest gainers such as warrants, but the overall gains are not large, respectively, 8.90%, 8.37% and 8.20%. In the closing is not a warrant, after more than 10% of the cases, indicating that species turnover in warrants is not very active, but the "end round" Warrants Shanghai market JTP1, outbreaks have occurred in up in the Monday picture. After the opening 5 minutes, the rate of increase up to 40%, and once led the market as a whole warrants.
Of course, the financial and real estate re-plate strength and does not cover the overall listing of the recent stir, and bring the appropriate strength warrants. As affected by the overall listing of groups and Guodian rumors boost last week, Sinochem CWB1 and State Power JTB1 eye-catching performance. Sinochem International and the last Wednesday of warrants in both limit-Sinochem CWB1 day or as high as 22.82%, leverage effect is very prominent. From this perspective, the first warrant is still under its influence are shares, and the emergence of the multiplier effect of leverage. The second is listed as a whole may be later this year and even years, "Enterprise Restructuring", to enhance the core competitiveness of the restructuring model, in particular, is a central enterprises, research institutes, enterprises and so there is a possibility, no doubt with the expected total for the listed companies The warrants opportunities.
Disk can be seen from Monday, iron and steel warrants trend remained strong. As a warrant investors, we believe warrants should be more concerned about the iron and steel. Because, first, because of China's steel industry are dispersed and do not have economies of scale, advantages of industrial concentration is not prominent, major restructuring of China's steel industry, big mergers in line with the world's steel industry trends. So, do not rule out merger between the iron and steel companies the possibility of restructuring, so as to warrant an opportunity to provide investment or speculation. Second round of steel-cap stocks have lagged behind since Quotes broader market, the present situation, iron and steel stocks is still a valuation of "depression", with a certain degree of upside potential. Third, the subscription card in this part of the steel body low cost, high leverage, low-premium features, susceptible to market funds to focus on.
Authoritative research institutes that the current period of survival of the majority of the subscription cards were more than 3 months, while more than Friday's closing price of the subscription cards, the average premium rate was only 7.13%, still at a low level. As the subscription card with the broader market trend and are a strong linkage between stocks, stock trend is bullish investors may wish to replace the corresponding warrants its ordinary shares is a good choice. Once the stocks are up, investors can obtain the leveraged gains. However, the valuation of warrant does not mean necessarily a reasonable profit, in the absence of a mechanism for short selling, some high-priced premium subscription card or even a negative rate of sustained, such as the Wanhua HXB1, Wu Liang YGC1 so. In addition, the Spring Festival holiday next week, before the last trading week, as the majority of investors tend to sell the warrants before the holiday, in order to avoid loss of time value of the Spring Festival holiday to remind investors exercise caution.
Finally, as the Shanghai market JTP1 put warrants will expire, the holder should note that investment risks. Duration of the warrant for the March 7, 2006 to March 6, 2007, the last trading day of February 27, 2007 (Festival Tuesday), from February 28, 2007 (Festival Wednesday) cease trading. Shanghai airport from the recent price trends of view, the "Shanghai market JTP1" put warrants the intrinsic value of zero. Present. Shanghai market JTP1 appears "doomsday wheel" fluctuations, some institutional investors only use of "doomsday wheel" low-cost, low-value, of the "Kong Pan" operation only, the robustness of risk-averse investors to pay attention.
