Category: Money Tips Date: 2006-04-27
Source: Hong Kong and Macao Information Author: Xue Wei
Thursday in Shanghai and Shenzhen markets had been choppy tone in the market. From the Japanese trading angles: Shanghai stock market turnover of 11.993 billion yuan, an increase over the previous trading day 3.233 billion yuan; Shenzhen City, a turnover of 9.953 billion yuan, an increase over the previous trading day 632 million.
Thursday indexes slightly finishing, turnover significantly reduced total turnover of 9.376 billion yuan before the city, which is the recent low levels. Disk almost no decent hot warrants fell across the board, put warrants only Jacoby QCP1 flat plate, I by key down. Supply and demand imbalance caused by the market center of gravity down and not be reversed. Message level, the stock market continued to deteriorate, causing a management attention. Management is stepping up the drafting of a report on "further expand the scale of institutional investors into the market," the report will soon be submitted to the State Department. Increasing the existing insurance funds, pension funds, corporate pension funds market institutions such as the proportion of institutional investors into the market will be expanding the size of important measures. Currently, insurance funds, pension funds and other investment in the stock market focused on the proportion of 20% to 30%, increased to 40-50% should be a more reasonable level. Expansion of institutional investors enter the market size, the market will be relaxed not rule out the scope of institutional investors, including state-owned, state-controlled, state-owned shares, including the 'three categories of enterprises' funds allowed to invest in stocks. Permission "three categories of enterprises" of funds into the market, not only can ease the situation of excess liquidity, but also can form a two-way capital flows, investment --- finance channels, on the stock market to effectively face transfers of funds. With the debut of new shares of intensive, especially in a number of "super-large capitalization stocks," the listing, market capitalization beginning to show, "stretched", index plunged straight. Meanwhile, the August sale again usher in a number of restricted shares of lifting the ban. In this context, if the size of the market to take timely measures to expand the body, it will stabilizing effect on the market today.
From a technical side observation, the current system was short and medium term moving average short order, short-term technical oversold may result in a slight convergence of the short side of caution afternoon. G in the current market heavyweights such as Sinopec, G Long electricity, G Unicom, G Baosteel and Bank of China all in the bottom of the market value of the value of these large varieties prior to broader market adjustment, afternoon continue to adjust the space is limited, we believe that even the record low of Bank of China 3.3 yuan to sell into the bottom of space has been very limited.
Thursday Wednesday in Shanghai and Shenzhen markets were to undertake the shock of inertia, to continue a small order. Despite the broad market leading share of Bank of China pulled out two small Yangxian row, but it is still not proven at the bottom of the leading stocks. Disk show that shares the plate Hengdian DMEGC upside, driven by the industry is also reflected in the International and other firms, but the plate has clearly differentiated. Sub new shares closed up G Hing Fat upside driven, G West, water, G Yaxing, G Kin G Fida other people and is also reflected in individual stocks. Where, G Hing Fat (600,141) own run trend is good. G plate in the second-line blue-chip new materials, G Hua Wei, G Huahai, G, and G Rebecca marine engineering and other firms also have live in individual stocks or precedent. Where, G Huahai (600,521) own run trend is good. G plates in Beijing Xidan, G, North Pakistan, G, and G, North Bridge, etc. are also contrarian upside stocks. Where, G, North bar (600,386) of the strong. Overall speaking, the market is still adjusting requirements, pay attention to position the structure.
