Category: Money tips Release Date: 2006-05-15
Source: Guangzhou Bandung
Abstract: Recently, a marked increase in the market bad news, such as the bubble-risk argument, the central bank will raise interest rates to the market caused all kinds of speculation and so a certain pressure. Affected by these factors, the market closed in the red unsuccessful fell sharply after a single day, which makes an empty one of the major forces of big blue chips. So, what is the reason for making large blue-chip to join the ranks of sell into it.
Game Analysis
A) the main and policies of the Game:
1) The management of deferred stock-index futures market has Hsuanchi: Securities and Futures Commission Chairman Shang Fulin said that in accordance with high standards and steady start the principle of full implementation of the financial futures related to institutional arrangements and the preparatory work, in preparation for full and conditions are ripe for cases, introduction of stock index futures. In other words, the beginning of the timetable for launch of stock index futures is very likely to be postponed.
As the stock index futures are highly specialized level of risk is much higher than the stock market, so management has been to strive to do the risk of investor education in the hope that investors may be a rational approach to this new financial derivatives, but the current market is still up this requirement. 2006 A money-making effect of the forces, attracting many investors in the ranks of stocks. According to central bank data show that the national savings deposits occurred in October last year, the first decline in five years, in 2006 as a whole, household deposits increased 2.09 trillion yuan, up by 112.5 billion yuan less. The main reason is the low savings by diverting a portion of the stock market savings deposits of residents. Since the beginning of 2007, the stock market savings, the extent of diversion increase. In order to share the bull feast, there are some people even at the cost loans to buy stocks from banks.
At present, this irrational phenomenon has attracted the attention of the China Banking Regulatory Commission, in the recently held its annual work conference, the China Banking Regulatory Commission has already issued by commercial banks to enter the market risk of the loan money tips.
In addition, the market valuation of large blue-chip differences also become the launch of stock index futures management of a potential problem. Excess liquidity a serious case, a considerable part of the large blue-chip has emerged a certain bubble. For example, the upcoming issue of the Industrial Bank-listed up to 30 times earnings, if the first day of listing to consider an increase, then the price-earnings ratio will be higher. As the discovery of value of stock index futures, the stock has a bubble is bound to arise in the market when it introduced the drama out of the shock.
2) institutions perhaps secretly moving: The statistics show that institutional funds in the fourth quarter of the positions is still very high, and is concentrated in the steel and finance, etc. on the plate. In one sense, institutions in the fourth quarter of the position data to show their optimism about the market outlook. However, it seems the current market continues to deny this. A stock market opened this year, the first 14 trading days, there are already 1351's A shares trading during the same period the arithmetic average turnover was 81%, 100% turnover of more than 351 stocks. Among them, there are a few varieties are Awkwardness of Fund or large blue chips.
Large blue-chip organizations to focus on being one of the reasons is that the beginning of the introduction of stock index futures can be locked part of the risk. But now the situation has undergone some changes in the timetable for launch of stock index futures has emerged variables, when introduced once again become a mystery. In this case, the body of the large blue-chip very likely that the expected decline, or even lighten up, with appropriate behavior.
Of course, such lighten up should be mild. Because the big blue-chip assets into the background to make them still very attractive. SASAC Director Li Rongrong has revealed the formation of state-owned asset management companies have been the State Department agreed in principle. SASAC will take this as a platform to promote adjustment and reorganization of central enterprises and joint-stock reform.
B) the main financial Game:
Big City in 3000-point mark before the sharp fall after repeated shocks, indicating differences in the main capital is also significantly increased, statistics show that in some of their money as well, it is estimated that the size is not significant. From the disk of view, money is still surrounded by Shigekura mainstream banks and steel plates and other major blue-chip start game, the game results will affect the direction of major cities. Should be noted that the North Star and the investment has been substantially Wheel pull on the market may have a negative impact, because it only recently has been the management of investigations, are typical of hype atmosphere.
3) between the medium and small retail game:
At present large blue-chip stocks and growth rhythm of a possible switch between the fast, hot continuous decline. Proposed to focus on the texture of a better investment fund holding, or second-line blue-chip low price-earnings ratio. For the short-term performance gains without the support of individual stocks is too large, you can consider progressively lighten up.
Disk X-ray: city of tomorrow, is expected to continue to maintain the shock pattern.
The opportunity to plate is expected to: It is recommended to maintain a certain caution, reduce operational.
Market Risk points: short-term or excessive stocks, pay attention to out rallies.
Protection measures: It is recommended rallies to trim, proper control positions.
