Category: Money tips Release Date: 2006-11-06
Source: Beijing in the first place
Today, the Shanghai Composite continued to Yang Cross stars close, creating a spill in the history of a rare Japanese K Line "10 Lian-yang" situation. Bank of China issued in the context of broader market volatility in Shanghai and Shenzhen higher, showing that the market side rather abundant capital. The past week, wine food, tourism, hotel, commercial chains such as consumer stocks and agricultural seeds, OTC medicine section, have emerged to accelerate the rising trend. Today, in the media right to accelerate reform and development of Binhai New Area, under reports to G TEDA, G and so on shore can be represented by the concept of coastal stocks, its trends highlight anomalies, even in the broad-market index adjustment of Sinopec shares, the market is also a strong feature glance. If you expected from the investment perspective, the Bank of subscription money back tomorrow, will likely continue to support the broader market higher; if from the market operation rules say that as the market hot spots continue to emerge, long the atmosphere remains high, and even the Shanghai Composite closed 10 Yang, Ying within reason.
Focus 1: Bank of China purchase money back tomorrow, is expected to support the broad market volume and price Chai Sing
Bank of China, today released the results of A shares issued under the net and on-line success rate announcement. Announcements, on-line issue of the freezing of funds 548.9 billion yuan. Implementation of the callback mechanism, on-line distribution in the success rate for 1.938 percent. According to new share subscription rules, the Bank of China stock subscription funds will be held tomorrow (June 29) thawing. We believe that a small part of the unfreezing of funds will gradually return to the secondary market, to support broader market move on.
In fact, during the Bank of China issued the broader market even close nine-yang, that the bull market characteristics of the market is obvious. Also shows that the secondary market capital has not been affected by a large number pulled out of IPO. Looking at the situation from the placing of new shares, some listed companies, finance companies and insurance companies is still the main force purchase of new shares, issue new shares to attract the amount of funds on the secondary market is not a lot, especially the small-cap shares to purchase, on the secondary market funds to attract more limited. Of course, as corporate profit growth, ample monetary liquidity, attracting funds and other institutional investors, including large amount of funds assigned to the secondary market, thereby laying the recent Quotes depth trend. Here, we make the following bold hypothesis, assuming that one, if not less than 5% of the Bank of subscription funds, returning the secondary market, then there are at least 27.5 billion capital in the secondary market will gradually look for investment opportunities. Therefore, additional funds will continue to drive the market higher. If the two, if the Bank scheduled on July 5 listing, according to market estimates, listed on the first day turnover rate of 30%, the average transaction price of 3.5 per calculation, and volume will reach 70 billion yuan. At the same time, may lead banking stocks, heavyweights were active, with volume expected to return to the level of more than 30 billion yuan to support the Shanghai and Shenzhen indexes continuing to maintain a steady climb bull market pattern of the initial tape. Taking all these factors, we believe that the Bank of China IPO subscription to unfreeze the funds will play a stimulating role on the market, the stock market will gradually reflect the character of the bull market.
Focus 2: Market long on atmosphere remains high, the Shanghai Composite closed 10 Yang Lian
Bank of China issued in the context of the Shanghai Composite closed 10 company-yang, shows the capital adequacy of the market, but also from the side that China's securities market is flush with capital markets, where there is a high-quality listed companies as investment targets , then China's securities market will gradually bottom out, set foot on the bull market of the thoroughfare.
Disk from the recent view, although the market has not formed a clear hot-spot effect, but Jinbin Area, food and beverage, tourism and agriculture to the overall strength of the plate has means active in the market, as Shanghai and Shenzhen a beautiful landscape to maintain the market long on atmosphere, to promote the Shanghai stock index out of the 10 even-yang pattern. We can see from today's media reports, in the Tianjin Binhai New Area has been integrated into national development strategies and access to relevant national policy support, the Binhai New Area has been elevated by the local strategy for national strategy, the potential of Binhai New Area will continue to be released, a new round of development and opening up boom is taking shape. According to statistics, during the first half of this year, Binhai New Area is expected to achieve 900 billion gross domestic product, compared with same period last year more than 20%; industrial output value will be completed 240 billion yuan, an increase of 34%. A series of data show that in the national policy support, the Binhai New Area economic development has been achieved initial results. At present, the Binhai New Area is to increase the financial reform and changes in land management systems to attract global financial institutions settled, and plan to have the quality of assets listed as a whole, thereby creating Binhai New Area, following Shenzhen and Shanghai, China's economic and financial Special Administrative Region of the Northern a large window. Recently, the Binhai New Area listed companies related to strength, fully proved the Binhai New Area's development potential. We believe that the Shanghai Composite closed 10 company-yang, there is not only the reasons for the bull market sentiment investors reluctant sellers, but more importantly, some such as the Tianjin Binhai New Area, wine food, tourism, hotel and commercial chains in markets such as hot spots, the accumulation of market sentiment attracting capital in the market to support the broader market sell-history of the creation of a rare 10 Lian-yang pattern.
Based on the above, we believe that freeing up the funds purchase shares in the Bank of China case, if the two cities in the Binhai New Area in Shanghai and Shenzhen, wine food, tourism, hotel and commercial chains in markets such as the emergence of hot spots under the tape will show the two cities rose a small back pattern, the bull market will gradually reflect the true colors.
