Data:2009-12-12 2:34
Category: Money tips Release Date: 2006-06-26
Source: Tang Xiao-wu Huatai Securities
Wednesday morning market in the coal, nonferrous metals, machinery stocks, led by Shanghai Composite Index extended yesterday's strong rebound trend, high-opened shortly after the oscillations. Opened the afternoon after the broader market sell-off began, but as the representative of the coal, Datong Coal shares and Yunnan Copper Industry as the leading non-ferrous metals led the gains, the majority of ST stocks remain at lower limit position, the index eventually closed at Cross star, on the KLCI close to 3776 points, closed at 177.2 billion yuan turnover, deep component index to close at 12338 points, on turnover of 99.8 billion yuan.
The most recent days near the stock market from 4300 a significant diving, to promote broader market decline driven by ST and low stock price underperformance, pre-cap, lower random speculation finally began under the law of value the value of a long return of the market once again prove that individual investors accounted for the majority of China's stock market speculation once again have to pay a heavy price. Monday for several days due to consecutive 20% of the depth of fall, bargain-hunting in a number of rumors of funds under the admission of technical rebound, which caused Yang Xian. Tuesday began non-ferrous metals, real estate, coal quality performance of the stock continued to rise, leading the rebound, the overall look at the performance of the fund Shigekura obvious blue-chip defensive, on the one hand the value of investments play a role, on the other agency funding relatively rational, unlike the retail-based Only by continuously sell into the possibility of cheap stocks to save. Shanghai market turnover value maintained at about 180 billion large-scale, long-short the differences increase, the next sell-off continue to increase. Overall, the stock market rebounded in the adjustment process was not much room, and perhaps soon the new emergence of the stock market sell-off continues to back down channel.
Verify recent market plummet down the risk of our previous note, taking off the bag for the security of the proposal, the new investors to blindly drive the market to buy up the retail Quotes has ended. We believe that the low-cost ordinary investors to circumvent the lack of support for the stock performance of the broader market is expected to rebound after the end of the future, to continue to sell into, since most stock prices are overvalued, do not have high support reasons.
