Category: Money tips Release Date: 2006-08-14
Source: Guangzhou Bandung Author: Ling Xue-wen
In China Unicom, China's Air China, Datong-Qinhuangdao railway weighted index shares active as well as some iron and steel, 3G communications, and other hot spots, led by Shanghai and Shenzhen market Thursday continued a pattern of strong operations; with the stock index futures, margin trading system, the formal implementation of the weight value species are gradually attracting the active involvement of the mainstream funds. The disk from the recent performance, as growth is expected to have the performance advantages and significant value valuation of blue-chip plate is being replaced by subjects of speculation market, in which, under the positive effects, with the ICBC's listing, the new value of a blue-chip Quotes are being kicked off slowly.
[Today's market conditions]
In China Unicom, China's Air China, Datong-Qinhuangdao railway weighted index shares active as well as some iron and steel, 3G communications, and other hot spots, led by Shanghai and Shenzhen market Thursday continued strong operating patterns; one morning with the Shanghai Composite Index opened 1804.89 points, once after the start callback, the minimum dropped to 1791.95 points, after shares in a number of indicators such as weight, driven by hot shock recovery, the maximum shot up to 1816.76 points, midday near the top of the basic maintenance of a strong shock in 1800. The continuation of the recent strength of Shen Chengzhi continued upside, and again a new high of 4589.38 refresh the current round of Quotes point.
From the disk situation, the weight value species and part of the fund Shigekura varieties continue to perform well, such as Air China, Jiangxi and Guangdong Provincial Expressway Development, N, on Hong Kong, China Unicom, Bank of China, Datong-Qinhuangdao railway, the Shanghai airport, Baosteel stake. Secondly, the main line of RMB appreciation in real estate and financial sector to maintain strong operating structure, in particular, is one of the leading varieties, such as China Vanke A, investment real estate, Golden Group, etc., and Minsheng Bank, China Merchants Bank and other trend is good; morning plates are also active in the Beijing Olympics performance, such as the North Star, S in the body production, road and bridge construction, Beijing Urban Construction, Xidan Shopping Center, Beijing urban and rural areas and so on. Noted that some underestimate the value of iron and steel, energy coal, airports and other financial stocks have also been concerns, such as the Lingyuan Iron, Angang Steel Company Limited, Tangganggufen, Baosteel, Jinan Steel, Maanshan Iron and Steel shares, Shanghai airports. In addition, independent innovation strategy in line with the industry and related stocks have also been an active interest in the market to announce the equity incentive program of the strong limit-ZTE, China Unicom's strength to a large extent led to active 3G communications plate. In general terms, the ICBC listing is expected to make a good market sentiment remained buoyant, with strong broader market is expected to run the pattern is still expected to continue.
Thursday, the Shanghai Composite Index opened to 1804.89 points, up 1816.76 points, the lowest 1791.95 points to close at 1810.65 points, up 4.00 points, or 0.22%, turnover of 26.264 billion; New Composite Index (000017) opened today at 1524.57 points, the lowest 1512.93 points, the highest 1535.61 points to close at 1530.25 points, up 4.18 points, or 0.27%, turnover of 23.959 billion.
Shen Chengzhi opened 4522.10 points, the lowest 4477.13 points, up 4589.38 points to close at 4584.58 points, up 69.22 points, or 1.53% on turnover of 13.584 billion. Shenzhen, a new index (399.1 thousand) to 1785.49 points, opening morning, the lowest 1767.44 points, up 1791.30 points to close at 1786.81 points, up 1.41 points, or 0.08% on turnover of 10.967 billion.
[Today In news]
Thursday mainly in the following several news worthy of investor attention:
1, 183 funds have disclosed three quarterly data show that the disclosure of quarterly comparable positions of fund shares 76.66%, compared with steady growth in the second quarter and continue to maintain a posture Masukura since last year. Real estate, finance and insurance, information, services, transportation and other industries to become the third quarter of the fund holdings of the top five industries.
2, Industrial and Commercial Bank today released the public announcement book, starting tomorrow at the SSE and the company's shares will be traded on the Hong Kong Stock Exchange, stock code 601398 and 1398, respectively. Which traded in the SSE is the A-line purchase issued shares at about 6.83 billion shares. The A share issue price of 3.12 yuan per share, the size of 13 billion initial public offering of shares, underwriters over-allotment had 1.95 billion shares, accounting for 15% of the initial size.
3, as of yesterday, there Dagang shares, Suzhou solid Tc, Sun Paper, gold mantis, Sinoma pillars of the new material technology and announced that six new shares will be issued next week, setting a single week this year, the number of IPO companies a new record. One port of shares, Suzhou solid Tc will be released online next Monday at about 6400 million and 3040 million; next Wednesday, the sun Paper will be issued approximately 7,200 million shares of the Internet; Thursday, gold mantis will issue no more than 3200 million Internet; weeks 5, Sinoma technology will Internet release of about 3032 million, pillars of the new material will be online approximately 2,400 million shares issued. These companies will be listed on the Shenzhen Stock Exchange's small and medium plates.
4, the PBC authorized the China Foreign Exchange Trading Center announced October 26, 2006 the interbank foreign exchange market the dollar central parity of RMB exchange rate: 1 U.S. dollar against 7.8940 yuan. Yuan against the U.S. dollar since the exchange rate reform has once again hit a new record high, while the dollar after the central parity of RMB exchange rate was September 28 this year, and October 20 the two leapfrog 7.90 yuan mark.
[Afternoon Brief]
In the weighted index stocks, China Unicom, China Air China, Datong-Qinhuangdao railway, the Minsheng Bank and some major hot spots such as the strong, led by Shanghai and Shenzhen broader market Thursday continued a pattern of strong runs, in which Shen Chengzhi refresh again a new high of 4589.38 points this round Quotes, The Shanghai Composite Index has been largely a strong shock near 1800. Obviously, a good listing of ICBC is expected under the market sentiment remains active. ICBC's listing tomorrow, the performance of the market inevitably will become a focus of attention, ICBC listing will be the Shanghai and Shenzhen's largest listed companies, with a total market value of Shanghai A-share market accounts for about 17%, while the Shanghai and Shenzhen accounted for about 13%. According to the study projected that in the issue price of 3.12 yuan, based on the market price of ICBC for every 1% increase will boost the Shanghai Composite Index 3, if it is listed on the first day up 10% -20%, can be driven index of 30 to 60 points. According to ICBC's intrinsic value, combined with the current market environment, the ICBC listing priced at 3.32-3.74 yuan fall between the normal range. So, tomorrow ICBC listing will be directly bound to pull the Shanghai Composite Index and then a higher level.
In fact, from the tape to run trend, August 7th Shanghai Composite Index turned up at 1541.41 points, the shock has been formed by an upward trend remains intact, despite the short-term in the important psychological barrier of 1,800 points in the region of repeated shocks occur, but broader market remained strong overall, the pattern of running. Noting that the current round of bull market in mining around the appreciation of the renminbi and other hot real estate and financial sector has become a major mainstream throughout Quotes thread. The author in a recent analysis of market conditions has also repeatedly stressed the need to strengthen the market outlook optimistic about the performance of bank shares. First, because the good momentum of China's economic operations and the rapid economic development of the healthy development of the banking industry provided a stable external environment. Apart from China's rapid economic growth and other positive factors, appreciation of Renminbi, wider spreads, loans continued to grow, accounting for increased non-interest income and other factors will also push the performance of the banking industry to maintain rapid growth.
Meanwhile, the Shanghai Composite Index, after entering the region 1800, the market differences between long-short sector initiative to increase and transfer disk storage makes the market once again showing some typical characteristics: Although the index is still running strong, but stocks were mixed intensified; the lack of basic Surface Support Unit and the underperformance suffered a loss of market share sell-off, capital of the depression effect also makes the mainstream funds began to flow from the high valuation of plate gradually and to underestimate the value or growth potential and reasonable valuation of the plate and the above stocks. Even more prominent, with the stock index futures, margin trading system, the formal implementation of the weight value species are gradually attracting the active involvement of the mainstream funds. The disk from the recent performance, as growth is expected to have the performance advantages and significant value valuation of blue-chip plate is being replaced by subjects of speculation market, in which, under the positive effects, with the ICBC's listing, the new value of a blue-chip Quotes are being kicked off slowly.
