Category: Money tips Release Date: 2006-11-09
Source: Hanson Securities
Today's Shanghai Composite Index opened 4247.75 points, up 4280.85 points, the lowest 4209.58 points to close at 4269.52 points, up 16.17 points, or 0.38%, turnover of 185.6 billion; Shen Chengzhi opened 14,189.75 points, the highest 14,342.91 points, the lowest 14,057.62 points to close at 14,336.4 points, up 141.15 points, or 1% on turnover of 100.3 billion. SSE 555 up, 305 down; Shenzhen City, 423 up, 207 down.
Today morning A-share market faces two pressures, one of the eight banks CBRC punished, which means illegal funds may be gradually withdrawn under pressure from the regulators, which is A-share market has exerted great pressure. Second, pre-mainstream varieties of non-ferrous metal plate once in the morning to adjust and direct the formation of pressure.
Therefore, the early A-share market want to vibration fatigue. However, as bank shares by the news of city commercial banks to issue stimulus such stocks of the strong, to a certain extent, offset the impact of two major pressure on the market, therefore, the Shanghai Composite in the morning although some adjustment, but adjustment is relatively is limited. morning stocks sharply dividing the Change ratio of 1:2, which leads to the broader market adjustments, but intraday volatility through short-term profit-Fu Chou digestion after the active degree of stocks picked up again in the afternoon tape most of the time points at yesterday's close bit above the run.
Vanke A, Poly Real Estate and other leading shares of another record high, boosted the real estate section of the full range of active, while in Section Inventec Appliances, web-sheng technology and Internet stocks such as Rainbow Holdings leading the demonstration effect of the strong limit-under the Network Technology shares rose sharply, Jiangxi cement, Arts shares were also hit limit-board, the emergence of the new hot spot to do more than contribute to an atmosphere stocks in the afternoon continuation of the pattern of strong shocks. However, news perspective, supervision strengthened, afternoon broader market will enter a sensitive phase, long-short differences increased volatility might be exacerbated.
Today's news, China Banking Regulatory Commission decided to diversion of credit funds by corporate banking arm of the eight administrative penalties. Involving misappropriation of China Nuclear Engineering and Construction Corporation short-term loans into the real estate market, securities market and other channels of the Bank of Communications Beijing Branch and Beijing Bank, two institutions will be given fines and other administrative sanctions; involving China Shipping (Group) Company misappropriation of loan capital subscription of new shares of China Merchants Bank, ICBC, Bank of China, Societe Generale, CITIC, and Shenzhen Development Bank in Shanghai and other parts of six branches, will be given a fine, suspension of business and the proposed abolition of executive qualifications punishment.
Shenzhen Stock Exchange and its research institute, said experts on the 18th, the current major shareholder of Shanghai and Shenzhen stock market listed companies and their executives to "do more" is more prevalent among listed companies, investors should be treated rationally.
Tuesday morning both Shanghai and Shenzhen index Tiaokongdikai, after a short-term bottom after the adjustment, 5-day moving average support, the two cities index rebounded quickly, but the rebound height will be restricted, at Monday's close index of the regional trend of the formation of shocks. Broader market trend continued early afternoon, all the way up shocks, the two cities yesterday turnover basic and flat. Taken together, facing the Shanghai stock market early high objectively pressure. Is estimated that afternoon continue to maintain shock upside momentum.
Disk, due by the Bank of Nanjing Co. and Bank of Ningbo Co., Ltd. of the starting five this week to accept applications for the audit of the news, Fashen Wei, equity participation firm in Shanshangufen Ningbo, Ningbo Yunsheng, Yintai Shares Open the daily limit, shares in Nanjing in Nanjing Hi-tech firms also have greater gains. City commercial banks to be listed as the prelude to the short-term equity city firm stocks market is expected to be sought after. At the same time technology stocks plates NetSun Quotes driven out of compensatory growth. As the history of the most popular technology stocks, the possibility of broad market under pressure from the historic high point of the formation of long in the hands of a new trump card is also worth taking a step forward observation.
The capacity of the bull market is always amazing, although the 4300-point above the market dubbed the "policy-top", but the market only a short period of 10 trading days, it almost regain the 4300 points, cow's footsteps, do not have any idle time meaning. In our view, the trend of the market seems a bit fast, it can be said that most people not ready when the market picked up on the re-rally, which quickly pulled up is still in fear for most investors who , must have still not ready.
I believe that the broader market is still a strong shock, but at the morning market at the venue of funds through bank stocks even behind the plate strength index, the afternoon passed the city to start with China Vanke, China Merchants Property, Golden Land Group, represented by a group of real estate stocks to maintain market stability. Frequent weight plates to start, the better for the market prompted the meaning is clear, at least shows there is still tremendous amounts of capital in the active operation of the venue, investors can now amid the market turbulence was strong, select the potential of species, active participation.
Tang Ting Yi studio remind us to restore the confidence of investors ---- broader market rally was a natural restorative process! Investors should remain calm and rational face of short-term fluctuations in the market. Bull market correction will not change the fundamentals, the stock market boom that require reason! Today, and I support the broader market yesterday, almost predictable, 20 will test the 4218-point area, it should be at 4,200 - 4190 line to be supported, and thus will re-up attacks 4349 --- 4300 points. A number of high-quality stocks will not only refused to fall in hand, after washing Fuchou hit a new high, while some varieties have good growth rebounded strongly! Is because the current A-share market bull market background and no apparent change in China's economic growth theme, yuan appreciation and the global background of excess liquidity is still clearly visible, the background changed, the market's long-term trend will not change. I think we can cautiously optimistic! Look at broader market in 2007 to 5000 points! Of the stock market, but the road is tortuous and it takes time! Want to tell you that is indeed the opportunity is there, but there are still many, but that you transfer positions Convertible determination, to the stock selection and operation of your skills! the same time, please note: MACD has Sicha shares requested to avoid in order to prevent the rapid sell into the main! a head at the sound of the broader market a new high This is bull, I would remind you that this will not be down on the terrified! main active Xipan! tomorrow will be up after the callback, we Chinese rapid economic development of our stock market stock market in the eradication of the major constraints impeding -- - Entire Circulation of the background, it is essential to reflect the barometer of our economy. As global economic integration in the global stock markets a comprehensive record high of environment, we can not use the old look at our stock market can not be the original 2001 high-point 2245.43 points, the limitations! out of China to see the world! close look at our neighbors, India and Russia, five-year stock turn times can be seen from what we have come? bull market bull market must be thinking of the vision to see we do not Some will be deceived by false! our Chinese stock market has entered a historic development opportunity that is bull! we Chinese stock market in 2007 real cow! China's stock market bless us! Tang Ting Yi studio Quotes objective look at broader market in 2007 to 5000 points! Look at broader market in 2008 to 10,000 points! Point of view continue to be valid.
