Category: Money Tips Date: 2006-07-30
Source: Northeast Securities Author: Zheng Li Ting
This week's dust with the ICBC listing landed short-term market uncertainties have also been a certain amount of digestion and clear. Market stability role is very prominent blue-chip. The current adjustment does not breakdown the key support around the Senpachi by finishing top of to digest the residual kinetic energy is expected to continue to follow the short. Therefore, in the current market environment, the strong Hengqiang's stock-picking idea is that investors should be important to grasp.
The most important this week is also the market is the most concerned about is there Friday ICBC two simultaneous A + H listing. Can be said that so far does not have any listing of a stock can rise to the market such as the ICBC's attention and created so many Chinese Even the most global stock markets can be said to be unprecedented, none ever after. and the great significance of the bearer shares of a new blue-chip marks A era. and therefore doomed to the workers to take this a super aircraft carrier landing is bound to A shares a significant impact on markets. ICBC fluctuations in the market rose 1 percent driven fluctuations in the corresponding three points. And the Bank of China compared to the bank's opening is significantly lower, not only lower than the market expected price of 3.50 yuan, also lower than the H-share market price, the value can be said to be relatively underestimated. After the opening bell, from just 10 minutes to nearly 13% of the change hands can be seen, some investors have started panic selling. However, ICBC's A + H distribution, so that H share price of A shares will have a positive boost effect. Therefore, we show the trend of the stock market outlook is still optimistic. Fund Quarterly Bulletin revealed that partial equity funds in the third quarter, the average position than the end of the second quarter compared with steady growth, continuing the trend since last year Masukura. Nearly 10 billion U.S. dollars investment quota will soon run out of the QFII, the third quarter to be outdone, positions also have double-digit growth. According to statistics, 136 listed companies had been QFII favor, QFII total of 85,933.05 million shares of the holding, with the end of the second quarter increased by 11.11% compared to positions.
From this week, look at the characteristics of market operation, with the ICBC's listing is getting closer, the market under its listing due to the uncertainty brought about by a series of factors increases, so watch out as part of short-term profits will increase funding to enable the market volatility, the top 1,800 points shown a significant increase. but Friday's official listing of ICBC as if there is a sense of dust landing. Merchants Bank, Shanghai Pudong Development Bank, Huaxia Bank, China Minsheng Bank and Shenzhen Development Bank, etc. in both disk performance, such as Sinopec and ZTE storm super-carriers also show a tendency to Vanke, China Merchants Group, real estate and Golden, Baoli real estate represented by the real estate section remain storm posture impact on the market also show a larger section of science and technology strong upside trend, led by Baosteel steel plate is also active in popular part of the market. However, the majority of individual stocks and the plate appears poised callback trend is not completely full, and led to short-term repeated again the two cities. Breakdown the key to the current adjustment is not supported by around Senpachi the top of the short order to digest the residual kinetic energy is expected to continued.
On the whole, with the ICBC listing floor, short-term market uncertainties have also been a certain amount of digestion and clear. At present the bank's valuation is more reasonable, short-term downward limited space for the index of the negative impact of limited, bucked the market trend and some strong defensive stocks in the afternoon of the stock market will be a hot market, such as Taiyuan Heavy Industry (600,169): As the country's best-known manufacturers of heavy machinery and equipment, the company's development during the Eleventh Five-Year kinetic energy is compelling.'s has become China's largest lifting, digging equipment production base and variety of the most full-forging equipment production base. The pipe mill is the only fixed point, the train wheel production base, but also domestic varieties of the largest forging equipment production base. Is worth noting that, the company launched film bearing two technical transformation project has been formally completed, marking the company's film bearing design, manufacturing technology and capacity has reached world advanced level. This year, the company received large orders for a large number of oil-film bearings, as high as 35% of the gross profit margin products, will become a powerful driving force for growth for the company. The secondary market, making the main strength of the unit is unusual, in the recent sub-market operations has significantly increased the risk environment, the unit relies on 5 days moving average, in cooperation with the turnover times of adversity to become two cities in the upside trend The short-term explosive extremely rare species. At present the average for the system as a typical long divergent characteristics, short birth to a very strong explosive, investors can focus on.
