Category: Money tips Release Date: 2007-05-08
Source: Ling Xue-wen Guangzhou Bandung
Synopsis: After a slight decline in late the previous day, after finishing, Wed Shanghai and Shenzhen stocks in the energy of coal, electricity, finance, hot plates, driven by continued strong upside momentum, in which the Shanghai Composite Index successfully tackled the important 4300-point integer pass resistance, intraday high of 4325.38 points and previous historic high of 4335.96 points, just a difference of 10.58 index points. From a technical point of view, K-line portfolio of tape on the formation of a typical attack patterns, and the average system showing long array, so a single tape from a technical point of view upside is still expected to make a further breakthrough. Investors should be concerned about the recent disk, a notable feature of the orderly wheeled hot plates, from the repeated performance of financial, real estate, to the overall strength of steel plates, to Wednesday the strong performance of energy of coal plates, all indicate that the main funding operating very positive, how to seize the opportunity to become the market hot wheeled a major focus of the current operation.
Today's market conditions
After finishing the previous session down slightly late after Wednesday Shanghai and Shenzhen stocks in the energy of coal, electricity, finance and other major hotspots continue to be strong upside momentum, the two cities in order to index both closed Yangxian reported turnover of about 196.277 billion; The Shanghai Composite Index which capture the important 4300-point resistance of an integer mark, after trading up to 4325.38 points, with the previous high of 4335.96 points, a difference of only 10.58 index points. Index from the day's operations have been run, the Shanghai Composite Index opened slightly higher to 4212.95 points, after finishing a strong morning after the release of energy coal, and other hot spots under the repeated shocks higher, particularly in Yao City show heavy volume upside momentum, all day the basic performance of the unilateral upward trend. From a technical point of view, K-line portfolio of tape on the attack showed the typical pattern is expected, there is still ascribed to the potential market outlook. Shen Chengzhi trend slightly less, but still clearly a strong operating characteristic.
From the disk situation, stocks situation once again broad based, including the Shanghai market Change Number ratio of 836:37, Shenzhen market, the ratio of 615:35 Number of Change. Or table, the Guang'an loving masses, Minjiangshuidian, Huayin Electric Power, water fishing, Jingyuan Coal and other 50 non-ST stocks daily limit. Ranking can be seen from the hot plate, coal and power industry, among the biggest gainers, the recent repeated the performance gains among the forefront of the financial industries. Of these, coal-rich province of Shanxi Coal Industry announced the full launch pilot projects for sustainable development policies and measures of energy sources have become a strong opportunity for the whole plate of coal, Yanzhou Coal, Panjiang shares, open-air coal, Jingyuan Coal and other strong daily limit. Noted that the bank plates continue to be strong, in which CITIC Bank, Nanjing Bank, Bank of Ningbo in order to limit-reported income, Shenzhen Development Bank A, Huaxia Bank, Bank of Communications, also a substantial upside, the overall strength of the sector, stand on the 4300-point mark for the broad market play a key role.
Wednesday, the Shanghai Composite Index opened to 4212.95 points, up 4325.38 points, the lowest 4212.23 points to close at 4323.97 points, up 113.64 points, or 2.70%, turnover of 127.339 billion; Shen Chengzhi opened 14,202.44 points, the highest 14,404.06 points, the lowest 14,127.74 points, close of 14,403.08 points, up 212.11 points, or 1.49% on turnover of 68.938 billion.
In news today
Wednesday mainly in the following information for investors to focus:
1, Yuan Li, assistant chairman of China Insurance Regulatory Commission yesterday revealed that the use of insurance capital structure has been further adjustment, mainly for the stock (equity) investment proportion increased, bank deposits and bond investments decline in proportion. In addition, the CIRC is being revised in conjunction with relevant departments, "Interim Measures on Management of overseas investment of insurance funds," and the upcoming release. As of the end of six insurance funds investing in stocks (including non-listed equity) and securities investment funds and other equity asset class accounted for the balance of 19.47% utilization of funds. Among them, shares (equity) amounted to 11.76%, securities investment funds amounted to 7.71%. In other words, the insurance funds investing in stocks (equity) balance had more than 270 billion yuan, investment funds, nearly 180 billion yuan.
2, the stock market rally led the gradual return of investor confidence, Japanese accounts, began to rebound. July 23, A-share accounts at 1,073 million, compared to the previous day surge in 40400. As of July 23, Shanghai and Shenzhen stock markets account for a total of 108.5737 million. Where, A accounts 93.0383 million shares, B shares account for 2.2296 million, the fund accounts 13.3058 million.
3, in order to control the warrants trading risk, maintaining a fair market order, a few days ago to the member units in Shanghai and Shenzhen Stock Exchange issued the "warrant the risk of revealing book" signed notice of the matter once again reiterated that member must be the first time, the investors involved in trading warrants writing and signed by "warrants the risk of revealing book." Since August 1, 2007, the first time investors to buy warrants, warrants trading before the opening of business department to open an account in writing and signed, "warrants the risk of revealing book", not in writing and signed, "warrants the risk of revealing book" of clients, will can not warrant buying transactions.
4, the PBC authorized the China Foreign Exchange Trading Center published July 25, 2007 transactions such as interbank foreign exchange market U.S. dollar exchange rate of currencies against the yuan central parity as follows: 1 U.S. dollar against 7.5596 yuan, RMB exchange rate breaking the 7.56 mark an integer, then a new high since the foreign exchange reform.
Comment on market outlook
After finishing the previous session down slightly late after Wednesday Shanghai and Shenzhen stocks in the energy of coal, electricity, finance, hot plates, driven by continued strong upside momentum, in which the Shanghai Composite Index successfully tackled the important 4300-point mark resistance integer , an intraday high of 4325.38 points and previous historic high of 4335.96 points, just a difference of 10.58 index points. From a technical point of view, K-line portfolio of tape on the formation of a typical attack patterns, and the average system showing long array, so a single tape from a technical point of view upside is still expected to make a further breakthrough.
Investors should be concerned about the recent disk, a notable feature of the orderly wheeled hot plates, from the repeated performance of financial, real estate, to the overall strength of steel plates, to Wednesday the strong performance of energy of coal plates, all indicate that the main funding operating very positive, how to seize the opportunity to become the market hot wheeled a major focus of the current operation. The article in the previous session I have already mentioned that funds from the current operation of the main ideas of view, the appreciation of the yuan to accelerate the trend of the revaluation of the birth to find the edge with the valuation and the existence of M & A opportunities and assets into the two main lines the focus is still the main body of the line of attack.
Mon Wed strength of steel plates and the energy characteristics of the power plate is a plate valuation of the common advantage of the more prominent, the data show that the coal industry, the current average price-earnings ratio is about 30.81 times the steel industry, the average price-earnings ratio of 22.99 times. In addition to the energy of coal and steel plate, the electric power industry, paper, pesticides and fertilizers, roads and bridges and other advantages of the valuation is still evident. Of course, Wednesday the energy sector's strength is also supported by policy and industry background. The author notes that, recently announced the coal-rich province of Shanxi Coal Industry launched a comprehensive policy measures for sustainable development, pilot, pilot the implementation of programs and management practices for sustainable development fund levy has also been approved relevant state ministries and commissions. The pilot issued a four economic policies, including the collection of coal Sustainable Development Fund, paid to sell mining rights to coal resources, extract to restore the ecological environment in mining and extraction of coal converting the margin of financing for development. The sustainable development of the coal industry is no doubt the pilot to start the development of coal constitutes a positive plate. At the same time, the coal resources are bulk commodities, and their performance to promote mainly coal prices rise, therefore, the coal price changes, thus affecting the performance of the coal industry, one important factor. Noted that the study Development and Reform Commission recently recommended in the second half will choose to accelerate fiscal and taxation systems and resources in areas such as factor price changes. The energy of coal as a strategic resource, the current price level did not reflect the overall value of the resources. The author believes that the cost of the policy is still driven by coal prices upward momentum. Therefore, the price into perspective, the opportunity to be further mining of coal plates. In addition, I suggest that investors should focus on the assets of the coal into the plate-type epitaxial growth opportunities, etc.
