Category: Money Tips Date: 2006-03-20
Source: Zhu Handong Wuhan Rand
In news: The recent bad news are more
China Securities Regulatory Commission issued a notice once again the night of 23 to require securities firms to further enhance investor education and risk-revealing work, adopt various effective ways for investors to fully understand "buyer pays" principle. Which mainly include: to enhance investor education and risk revealing work; law compliance management, to prevent illegal acts; to further enhance service quality and professional management. The broader market continuing hot, so that ordinary investors have forgotten the existence of risks, in such circumstances, the Commission's "notice" rather than the pressure even more emphasis to remind.
A number of domestic commercial banks are defined under the China Banking Regulatory Commission late last year, "strictly prohibits any diversion of bank credit companies and individuals directly or indirectly, of funds into the stock market" spirit, increase the daily operation and management of credit and inspection. Shanghai a listed commercial bank recently issued a circular asking all branches directly under the branches to enhance the overall use of funds to customers of the inspection and analysis, to prevent the mix of their own enterprises through transfer of funds and credit funds, to put money into the stock market. At present many companies will not only be directly involved in bank loans, stock market, a more subtle approach is through the mix of own funds and credit funds, making part of the credit funds into the stock market. This regulatory initiative will result in some irregularities in capital flight.
Financial side: equity finance comeback
Affected by the bad news, the two cities in slightly higher open, and quickly sell into early part of the funds fled in panic. But shares of the financial sector was Threatened Savior, to turn the tide on the fingertips. Public utility, Fujian Cement, Gezhouba, Liaoning Cheng Kung University, Shimao shares, Tung Cheng holding 13 shares of financial stocks such as daily limit. Dudley shares, Min-fu-fa, Mailyard, also are terrific. Shares of the financial sector is likely, and non-ferrous metals in 2006, as the maintenance of strong Hengqiang trend. Shanghai stocks because most of the local equity finance, so today's show of collective strength of the trend, and thus driven light industrial machinery, textile machinery and so limit-2. Materials stocks may Fujian Cement, Gezhouba, Jiangxi and cement and other once-daily limit to drive the Qilian Mountains, Peak Group, and other strong, continuing efforts of the plate is limited, investors do not chase the high. ST plate appeared divided today, * ST Dan-oriented, * ST Wo Jia, * ST upwind, * ST floods and other daily limit, the two cities close to 30 daily limit of ST, on the contrary, following * ST A, ST ASP, * ST Ji-carbon, etc. lower limit, the entire pre-continuous limit-ST segment, the profit-rich chips, a slight shock will cause a lot of Konghuang Pan. In addition, since the instrument shares, XJ Electric, blond and science and technology to adjust the intensity is relatively large, but the two markets did not appear lower limit.
Technical side: to maintain an optimistic market outlook cautious
Following two consecutive increases, the profits accumulated chips have reached a critical quantitative change, to coincide with the Commission, "notice" of the bad take Taiwan, the market naturally usher in a minor adjustment. Back to probe into the 4089 intraday low of 4,000 points can be considered once the gateway to withdraw sword integer confirmation. 尾市incremental funding involved in the Shanghai Composite fell only by 22 points to close at, the main way of using space for time, to complete Xipan intraday movements. From the morphological point of view, on the 5th test a low intraday moving average, and in the morning hit a new high, the current upward trend of shock did not change the signs. 5 pairs of stock index average for the formation of an effective support, relying on the 5th afternoon is expected to average a strong upward again. Today, nearly 390 billion turnover, a new record high volume of rapid amplification, highlighting the differences between long-short market, fierce competition. Volume support with the broader market short-term disk may not be big changes, but because of profit-taking pressure, increase the rate of shocks possible.
On the whole, from the standpoint of the Commission, "notice" is not for the regulation of market health, on the contrary to market more stable and healthy operation, from this point is concerned, the management intent is not weighed on the market, but also Investors do not want to be too radical. Therefore, we remain optimistic about the market outlook cautious.
Stock attention to North China high-speed (000,916)
North China High-speed (000,916): has access to the three northeastern provinces in north China's only high-speed Beijing-Shenyang expressway line ---, and the company is in a main highway around the capital, Beijing, the golden channel should be optimistic about its long-term development prospects. Beijing's successful Olympic bid will speed up Beijing and surrounding region's economic development, the company owned Jingjintang high as Beijing's main exit routes is expected to benefit from regional economic development, traffic volume will continue to maintain steady growth. As the only one highway from Beijing to Tianjin, Jingjintang high-speed design of the current carrying capacity of traffic volume less than 70% of the charges (0.34 yuan / km) in the region is at a minimum level, a broad space for afternoon price hikes. Technically, the stock outperformed the broader market of choice for defensive varieties.
