Category: Money tips Release Date: 2006-02-24
Source: Guangzhou Bandung Author: Ling Xue-wen
Abstract: Wednesday Shenhu broader market volatility of the stock market presents a huge volume day once again reached a record volume of total turnover of 95.94 billion the two cities, two cities with long indexes closed out under the shadow of a small Yinxian, indicating sufficient funds under the conditions , the market has a strong low reception. Sufficient funds in the market and the external surface continuous inflow of incremental funding in the context, in terms of valuation or future growth potential advantages of view, some with international competitiveness, the relationship between the core assets of the national economy is bound to become a new capital investments key. Especially in the market at a high operational phase, the strategic core assets will necessarily be the mainstay of the market and Quotes development of the core power.
Today's market conditions
Wednesday shenhu tape showing the huge shocks of the stock market, trading volume reached a record once again the amount of days, the two cities combined turnover of 95.94 billion. Index runs from the day the trend point of view, early in the Shanghai Composite Index opened 2175.38 points from 2192.90 points, after briefly Mogao However, due to differences in long-short market, has obviously increased, a large number, under pressure from profit-selling, 10:30 AM minutes after a sharp stock diving, intraday low of 2097.42 points; afternoon, stocks in the China Unicom, led by shares of 3G communications and other technology subjects actively promoted by the gradual stabilization, stock once meteoric rise to, making all-day decline substantially narrowed, eventually take longer under the shadow line of small Yinxian at close. Shen Chengzhi trend is similar to profit-taking pressure in the morning started diving style drop gradually picked up midday, the corresponding closed out with a long lower shadow of a small Yinxian shows that under conditions of sufficient funds, the market has strong low degree of support.
From the disk situation, a large area stocks fell Wednesday the two cities, from the perspective of the proportion Change, the Shanghai market up or down by a ratio of 188:656, while the Shenzhen market up or down the ratio of 142:461. From the table or view, Stock Quotes staying active, China Unicom, the Hong Kong Group, China Merchants vessels, North Star, Eastern Communications, high-hung shares, shares, etc. Changshan to 20 stocks closed limit-reported. In which the Port Group, China Merchants Energy Shipping daily limit for three consecutive trading days, performance is very strong. Is worth noting that, in the daily limit, spurred by China Unicom, 3G telecommunications and other technology stocks such as Oriental subjects communications, Ningbo Bird, Datang Telecom, S China pass, Fiberhome communications, Hengtong optoelectronics, high-hung shares, ZTE, China and create a letter outstanding performance measurement, etc., to become the biggest bright spot in the market Wednesday. 3G plate strength mainly by issuing 3G licenses will soon be news of stimulation, China Telecom CEO Leng yesterday at noon in Hong Kong to attend ITU Telecom World 2006, disclosed that the mainland is expected to issue 3G licenses soon. Quotes the next phase of 3G investments as one of the themes, the trend is still worth investors market outlook for further tracking.
Wednesday, the Shanghai Composite Index opened to 2175.38 points, up 2192.90 points, the lowest 2097.42 points to close at 2156.60 points, down 16.68 points, or 0.77%, turnover of 64.075 billion; Shen Chengzhi opened 5937.83 points, the lowest 5648.79 points, up 5970.38 points, close of 5838.50 points, down 89.53 points, or 1.51% on turnover of 31.857 billion.
In news today
Wednesday mainly in the following several news worthy of investor attention:
1, SASAC Deputy Director Shao Ning said that by 2010, the existing 161 and reorganization of central enterprises will be adjusted to 80-100.
2, China's Sinopec (600028) owned subsidiary of S Thai Oil (000554), S Wu oil (000668), S Shijiazhuang Refining-Chemical (000783), and China's Sinopec Group Beijing-based S-2 (000728), S Chuan Mei Feng (000731), S YUE Xing-long (000,819) today at the same time announcement, the company should be disclosed due to serious matters, the company shares from December 6 to December 8 suspension. Concerned that the so-called major issues that Sinopec will be mainly a way to shed its shell and start a new batch of integration and restructuring with the introduction of the relevant share reform program.
3, an international investment bank recently released report points out that China's refined oil pricing mechanism reform, the time may further delay, refined oil prices are likely to remain unchanged until the first half of next year. Reported that the reason for the delay is still the need for a comprehensive government regulatory agencies to consider various factors, including the purchasing power and price index, wholesale market liberalization, energy saving, development of alternative energy sources, fuel duty, as well as international oil prices.
4, the U.S. Department of Energy's Energy Information Administration issued a report on the 5th annual energy report, as the new energy supply increased in the next few years, real oil prices would be lower than the world average in 2006, but the slow decline in oil price trend will continue until 2015.
5, China Banking Regulatory Commission Web site message, in order to encourage commercial banks to speed up financial innovations, regulate financial innovation activities to promote sustained and healthy development of the banking financial innovation, China Banking Regulatory Commission today issued "guidelines for commercial banks in financial innovation", since December 11, 2006 formally implemented.
Comment on market outlook
Wednesday started a huge shock shenhu tape market, where the Shanghai Composite Index reached an intraday amplitude of 4.39%, the index volatility of 94.48 points, while Shen Chengzhi intraday amplitude of up to 5.42%, the index reached 321.59 points, volatility, trading volume between the two cities once again refresh history, the amount of turnover days, the total turnover of 95.94 billion dramatically magnified. In the analysis of market conditions in the previous session I mentioned that if the historical experience, the amount of days will be accompanied by the arrival of high price and therefore a significant larger volume, especially the phenomenon of stagflation heavy volume indicates that tape from one side may face a turning point. In fact, recent in a row on the Shanghai Composite Index above 1,900 points, 2000 points and 2100 points, an integer mark an important resistance, the short-faced all-time high of 2245.43 points, an important psychological barrier, as the market has significantly increased the differences between long-short, profit, and some sort of relief the pressure is bound to a certain extent, continue to restrict short-term stock index up space.
Account for some institutions to do by the end of the needs of the expected annual performance-related risks and other uncertainties, which may have about the operation of short-term index. Of course, from a technical point of view, as the index continues to rise, the market risk continues to accumulate, investors are gradually increasing operational difficulty. In yesterday's analysis of market conditions, the author talked about, from the operation of strategic point of view, in the current index is running high during the conversion should pay attention to the appropriate investment strategy should pay close attention while the disk moves a good grasp of rhythm and to further optimize the position Quotes structure; on the one hand for the speed up the upside gains accumulated a huge variety can be taken to fulfill a strategy to gradually lock in profits on the other hand should try to avoid blind pursuit of high operating, but to start the next phase of investment in the layout Quotes start digging with the valuation and performance advantages of the potential for stable growth species, especially those with a strategic blue-chip international competitiveness continues to be highly concerned about.
Disk from the recent performance, some have the core competitiveness of the industry leading varieties worthy of the continued strength attaches great importance to investors, such as China Merchants Energy Shipping, Hong Kong Group, etc. on a continuous daily limit. Sufficient funds in the market and the external surface continuous inflow of incremental funding in the context, in terms of valuation or future growth potential advantages of view, some with international competitiveness, the relationship between the core assets of the national economy is bound to be an additional focus on capital investment . Especially in the market at a high operational phase, the strategic core assets will necessarily be the mainstay of the market and Quotes development of the core power.
It is worth mentioning is that the strong limit-Wed China Unicom has greatly stimulated the active 3G plates, Eastcom, Ningbo Bird, Datang Telecom, S China pass, Fiberhome communications, Hengtong optoelectronics, high-hung shares, ZTE, the record EMTEK 3G communications technology and other subjects are very eye-catching performance, becoming the biggest bright spot in the market Wednesday. According to the relevant predicted that China's 3G capital spending next six years, more than 400 billion yuan, of which 230 billion yuan investment in system equipment. Telecommunications operators, communications equipment, software development and other related companies will face greater investment opportunities, investors can focus on 3G industry chain in key sectors and areas of representation of species.
