Category: Money tips Release Date: 2006-07-29
Source: Ling Xue-wen Guangzhou Bandung
After nearly phase of the ongoing adjustment, Thursday re-emergence of Shanghai and Shenzhen broader market panic fall market, market risk once again be focused on vent. Serious Pudie the disk phenomena and more than 200 stocks of the lower limit shows the current risk of individual stocks are still quite large, especially some species of large blue-chip blue-chip diving would no doubt make longer hit market confidence. From a technical trend point of view, a continuous form of the adjustment makes the technology further weakening is expected to test a low inertia is still seeking support for short-term requirements. But it is worth mentioning is that the market opportunity is lost out, do not rule out short-term inertia decline have technical rebound potential. On the specific operation concerned, I suggest that investors maintain a favorable investment mentality, continue to adjust the current rational treatment of Quotes. Shares the saying goes: opportunity or out. Therefore, the adjustment in the near future Quotes, investors should actively start from the fundamentals, combined with the state's industrial policy orientation to tap the potential investment opportunities.
[Today's market conditions]
Undertake the previous day's decline, stocks in Shanghai and Shenzhen stocks Thursday, dragged down by a serious Pudie re-emergence of panic crash market, the Shenzhen and Shanghai stock index plunged 5.80%, respectively, and 5.25%, both the long Yinxian reported income, total turnover of the day about 118.512 billion. Index runs from the day the trend point of view, early in the Shanghai Composite Index opened 3769.64 points, after the shock all the way down, especially the blue chip of the Budie lead to market panic spread quickly, Yao City has been seen heavy volume diving market, eventually close to full day low to close at 3615.87 points, to close out the long-Yin Xian. Shen Chengzhi trend is similar to occur several times diving style intraday decline in market confidence were hit.
From the disk situation, the two cities is very serious Stock Pudie the Shenzhen market, the ratio of 44:601 Number of Change, Change Number of the Shanghai market ratio of 48:826. Drop table, the large stocks lower limit, according to rough estimates after the close, the two cities a total of 255 individual stocks daily limit, including the Fujian Electric Power, China into shares, Fengyuan Pharmaceutical, middle-pass bus, Huadian Power International, China Intercontinental transport . Worthy of attention from investors, including China Aluminum Industry, Wuliangye, Sinopec, Datang Power Generation, and other blue chip varieties Shennengyuan A large diving, dealt a severe blow to the confidence in the market. Or table, part of the reorganization of subject matter shares and ST stocks do well, Hunan Haili, Dongfeng science and technology, huangtai liquor, wine, and some ST Gujing stocks daily limit. Subject to import tax preferential policies for the impact of the first to introduce some of the textile and textile machinery stocks are strong, such as Jingwei Textile Machinery, Jiangsu Yang Guan and so on.
Thursday, the Shanghai Composite Index opened to 3769.64 points, up 3778.40 points, the lowest 3614.53 points to close at 3615.87 points, down 200.30 points, or 5.25% on turnover of 75.647 billion; Shen Chengzhi opened 12,306.17 points, the highest 12,392.77 points, the lowest point of 11,782.21 to close 11,783.58 points, down 725.56 points, or 5.80%, turnover of 42.865 billion
[Today In news]
Thursday mainly investors to focus on the following information:
1, Premier characters name on the 4th chaired a State Council executive meeting, study and plan for the 2006 central budget implementation of the audit to identify the problems of the rectification work, the meeting called on relevant departments and units must be in accordance with the requirements of the NPC Standing Committee and the Audit Commission in accordance with law issued audit decision, and earnestly do a good job rectification work, and the responsible person dealt with severely. The audit found that problems with illegal funds must be firmly corrected and finance to be turned over to the paid, the return of the original sources of funds to be returned, the accountability should be investigated.
2, the market attention, "domestic institutional investors to overseas joint-venture securities investment management pilot scheme" launched today, the relevant departments for approval today to receive the domestic fund management companies, securities companies designed QDII (joint venture domestic institutional investor) scheme. In addition, the State Foreign Exchange deputy chief Li Dongrong 4, said in an interview with the qualified domestic institutional investor (QDII) an increase in qualified winner and offshore financial business development, the State Administration of Foreign Exchange will promptly increase the QDII investment quota.
3, the NPC Standing Committee deliberated and approved last week, the Ministry of Finance issued 1.55 trillion yuan special treasury bonds to buy foreign exchange motion, the Ministry of Finance official also stressed that the issue of special treasury bonds to buy foreign exchange to ease liquidity ones, increase foreign exchange operating income to ensure the stable operation of a comprehensive macro-economic control policy is not directed against the austerity measures the stock market does not directly affect the securities market in the stock of money. The official pointed out, in accordance with the International Monetary Fund (IMF) rules and prevailing practices abroad, a country's foreign exchange assets, including foreign exchange reserves and foreign exchange investment in two parts. As the foreign exchange investment is mainly used for equity investment in stocks, does not belong to the scope of IMF require disclosure of foreign exchange reserves is not included in foreign exchange reserves.
4, from the Ministry of Finance was informed that my brewing in 16 key areas of major technical equipment, the implementation of preferential tax policies for imports of spare parts, will take the lead in launching the field of textile machinery, recently introduced a special import tax preferential policies on the specific implementation documentation. Ministry of Finance official said that the introduction of textile machinery policy, the State Department identified 16 key areas of major technical equipment, introduced the first import tax preferential policies, marks the long-awaited recovery of the domestic equipment manufacturing industry import tax preferential policies for access to a substantive implementation phase. Other related equipment, the import tax preferential policies will be launched soon in the future.
5, the CSRC has brokers on the return of red chips to some experimental approaches for comment, according to the sources, the red-chip return to the legal, policy and technical barriers to such areas has been basically eliminated, the next trial will first determine the scope of the red chips listed in Hong Kong公司. The report, "Foreign-owned holding companies in initial public offerings in the territory of the pilot method (draft)" provides that red chip company to apply for initial public offerings in the territory, should meet four conditions: The stock has been in Hong Kong Securities and Exchange The traded more than a year; the stock market value of not less than 200 billion Hong Kong dollars; the last three fiscal year, the accumulated net profit of not less than 2 billion Hong Kong dollars; more than 50% of the operating assets in the territory, or more than 50% of the profits from the territory of business.
6, the central bank issued a public notice, in order to maintain steady growth of base money and money market interest rate basically stable, the central bank will release today, 69th 2007, period, 70th year central bank bills, respectively, for the three-year CBF 1 billion yuan, 3-month central votes 33.0 billion.
[Afternoon Brief]
After nearly phase of the ongoing adjustment, Thursday re-emergence of Shanghai and Shenzhen broader market panic fall market, market risk once again be focused on vent. Serious Pudie the disk phenomena and more than 200 stocks of the lower limit shows the current risk of individual stocks are still quite large, especially some species of large blue-chip blue-chip diving would no doubt make longer hit market confidence. From a technical trend point of view, a continuous form of the adjustment makes the technology further weakening is expected to test a low inertia is still seeking support for short-term requirements. But it is worth mentioning is that the market opportunity is lost out, do not rule out short-term inertia decline have technical rebound potential.
From the information point of view, the market generally concerned about the issue of 1.55 trillion special treasury bonds, the Ministry of Finance official stressed that the issue of special treasury bonds to buy foreign currency to ease liquidity ones, increase foreign exchange operating income, ensuring macroeconomic stability operation a comprehensive regulatory policy is not directed against the austerity measures the stock market does not directly affect the securities market in the stock of money. But the market panic, and has not been effectively alleviated, apparently sustained the recent decline has been dealt a blow to a great extent on the confidence in the market, the market psychology is very vulnerable. Noted that a recent State Council executive meeting to study the deployment of the 2006 central budget implementation of the audit to identify the problems of the rectification work, the meeting called on relevant departments and units must follow the requirements of the NPC Standing Committee and the Audit Commission audit of the decision handed down by law, and earnestly to do good rectification work, and the responsible person dealt with severely. The audit found that problems with illegal funds must be firmly corrected and finance to be turned over to the paid, the return of the original sources of funds to be returned, the accountability should be investigated. Lenovo to the current stock market are being implemented to combat and inventory of illegal funds, this announcement will inevitably pose a serious threat to the market.
The face of the market falling and panic of diving, I reminded investors to be rational view of the current market. Despite the structural imbalances in the market this year is very serious, but after 5.30 years of continuous adjustment, structural foam has been a certain degree of compression, in particular the recent market risk, has made continuous adjustments to be more adequate release. At the macroeconomic growth, yuan appreciation of the long-term trends and the performance of listed companies against the backdrop of rapid growth, the broader market continued to slump is not rational. On the specific operation concerned, I suggest that investors maintain a favorable investment mentality, continue to adjust the current rational treatment of Quotes. Shares the saying goes: opportunity or out. Therefore, the adjustment in the near future Quotes, investors should actively start from the fundamentals, combined with the state's industrial policy-oriented investment opportunities to tap the potential
