Category: Money tips Release Date: 2007-03-06
Source: Guangzhou Bandung
Abstract: After nearly phase of the market risk of sustained release of structural differentiation, after Shanghai and Shenzhen markets started Wednesday a strong upside of the stock market and ushered in a new operating structure of the market under the rare big Yang Xian, the two cities in one fell swoop stock index recovered recent losses, and the increase in both Refresh Quotes of the current round of a new high since. Around the appreciation of the renminbi, the state investment in independent innovation strategy themes, as well as the operation cycle from the industry point of view, recovery or sustained boom boom plate and the stocks were in hot pursuit of money. Clearly, from the hot spots into view, the main ideas in the next phase of the operation is still clear.
Today's market conditions
Following the previous day turned up after the Shanghai and Shenzhen broader market Wednesday launched a strong upside of the stock market, stock indexes have hit a round of the two cities since the new high rise Quotes, in which Shen Chengzhi rose 211.74 points, or up to 4.48%, to close out the history of Quotes are extremely rare in the long Yang Xian. Although the Shanghai Composite Index rose less than Shen Chengzhi gains, but also ended up 34.70 points, or 1.84%, but also hit a round of new high since the rise in Quotes 1923.14 points. From the K-line portfolio of view, today's market's long-Yang Xian cities not only completely swallowed the recent Yin Xian, the structural differentiation recovered the losses caused by stock callback, but also shown that under the new pattern of market operation, market do more kinetic energy is still very strong.
From the disk situation, stocks broad based, is striking and the ratio of 771:57 Change the Shanghai market, the Shenzhen market, 535:45, Yili technology, Fuyao Glass, Gehua, Gannan Fruit Company, S Xuan industrial, etc. 10 of non-ST stocks daily limit, or more than 5% of the stocks has reached 76. Specifically, the yuan revaluation benefit from plates, such as aviation, real estate, finance, etc. continue to perform well, such as Air China has once again refresh the listing of a new high, S China Southern Airlines, Hainan Airlines, Shanghai Airlines, S China Eastern Airlines to soar; Vanke A, Poly Real Estate , Huafa movements active shares, etc.; ICBC refresh again a new high since listing. Second, some high-quality blue chip varieties launched a substantial upside market, such as Wuliangye, Gree Electric Appliance, China Shipping Development and so on. Have the advantage of the valuation of steel, highways, electric power today after a short-term adjustment after re-strengthened, in particular the sharp rise in the steel plates expand market, such as Baosteel, Jinan Steel, Angang Steel Company Limited, TISCO stainless steel and so on. In addition, in line with national strategy of independent innovation and equipment manufacturing, 3G communications, the overall performance of individual stocks, such as an S Xuan workers Zoomlion, Liugong, Guangzhou Shipyard International, Hudong Heavy; Shanghai Vision, ZTE, Huasheng Tiancheng, space communications have good performance. Overall, market sentiment is very high, and is expected to tape is still further upside potential.
Wednesday, the Shanghai Composite Index opened to 1888.54 points, up 1923.14 points, the lowest 1878.69 points to close at 1922.94 points, up 34.70 points, or 1.84% on turnover of 27.248 billion; Shen Chengzhi opened 4722.45 points, the lowest 4722.45 points, up 4937.06 points, close of 4937.06 points, up 211.74 points, or 4.48% on turnover of 13.61 billion.
In news today
Wednesday mainly in the following several news worthy of investor attention:
1, SASAC has issued a circular, central enterprises into standard stock investment business operation and management of the establishment of specialized agencies to conduct a specialized operation, is strictly prohibited by an individual or a personal account of stock trading; clean up and standardize the financial services commission, the commission business conditions have deteriorated or where there are signs of deterioration, they should actively take measures to preserve or recover assets.
2, Bank of China yesterday released the third quarter, "China's Monetary Policy Report," predicts China's economic growth in the coming period of time may be slightly slow, but because of economic growth momentum remained strong, the whole will remain stable and fairly rapid momentum of development. Preliminary estimates, GDP growth in 2006 will exceed 10%, CPI at 1.5% or so. However, the future of China's investment rebound and inflation pressures remain.
3,21 fund management company recently received regulatory reminder to ask them to do a good job of small-scale fund the continued marketing efforts, while carefully study the fund net asset value of less than the regulatory requirements when dealing with plans. Mainly refers to small-scale fund net asset value of less than 2 billion fund products.
4, a listed company shall not use the value of assets provision for regulating the period of preparations for artificial profits, provision for impairment of assets shall not use the opportunity to prepare a "one-loss foot", or at the early stage after the big huge provision for the reversal of random adjustment of profits, but also should not arbitrarily change the accrual method and accrual ratio. China Securities Regulatory Commission recently issued a "do a good job with the new accounting standards on financial and accounting information disclosure related to the work of the notice" (draft), the practice of listing the company's "false" and tricks to make the specific requirements.
5, following the signs of a rebound Monday after the New York Stock Exchange, Federal Reserve officials Tuesday said it would maintain the existing policy of stable interest rates, the Wall Street stocks soared. Affected by the news of the stimulus, the Dow Jones Industrial Average all the way up, and closed at a new record.
Comment on market outlook
After nearly a phase of structural differentiation of the market risk of sustained release after the Shanghai and Shenzhen markets started Wednesday a strong upside of the stock market and ushered in a new operating structure of the market under the rare big Yang Xian, the two cities in one fell swoop stock index recovered recent losses, but both Quotes of the round refresh up a new high since.
The day before yesterday the analysis of market conditions, the author of "structural risk to release, market birth to new opportunities" in the title briefly addressed the views on the current market operation. Which emphasized that the tape is running in the afternoon to determine trends and patterns of core-logic element, in addition to the overall profitability of listed companies is expected to sound, the equity-based incentives, market assessment and other powerful drivers will inevitably promote the interests of listed companies to actively improve the company's assets and business operations . In the analysis of market conditions in the previous session, the author re-emphasized that in the full circulation in the market under the historical experiences and perspectives blind, simply applied to analyze and judge the current market operation pattern is clearly inappropriate, and insisted that the yuan appreciation, is awash in liquidity, stock index futures, margin trading, investment income is expected to enhance the positive factors such as A-share market will continue to be a long-term driving force for the better. Should also be worth recalling that, after a brutal market for structural differentiation, the market rise will be based on more solid, Shanghai and Shenzhen broader market is bound to usher in a new era of running full circulation pattern.
Objectively speaking, the market is indeed to short-term index of structural differentiation to run a certain impact; but ICBC, Datong-Qinhuangdao Railway and a number of high-quality blue-chip listed, the market structure has undergone profound changes, which investors should have a clear understanding. On the one hand, the market fell Qi Zhang Qi phenomenon has been gradually fading out; another solid performance in the high-quality blue-chip under the operation stability of the stock has risen considerably. Recently the author has repeatedly stressed that under the new operating structure, it is certain that the market value of investment will be further attention and become the market investment focus.
From Wednesday's market performance, focus on appreciation of the renminbi, the state investment in independent innovation strategy themes, as well as the operation cycle from the industry point of view, recovery or sustained boom boom plate and the stocks were in hot pursuit of money. Clearly, from the hot spots into view, the main ideas in the next phase of the operation is still clear. First of all, appreciation of the renminbi continues to show benefit from the plates. At present, China is the core issue facing the economy brought about by Waihuizhankuan foreign trade surplus caused by excess liquidity, and their impact on lending, investment. To solve the problem of excess liquidity, the management on November 3 announced the re-raise financial institutions renminbi deposit reserve ratio. But the final settlement of the problem of excess liquidity, from a fundamental point of view need to increase the rate of yuan appreciation to reduce the trade surplus. Therefore, from this point of view, the renminbi appreciation trend will continue, the relevant sections there are still significant opportunities to benefit. Second, have the advantage of the valuation, trade or industry boom upward inflection point occurred a number of plates re-strengthened, most notably iron and steel, electric power, highways, etc. These are "valuation depression" in the industry. Again, the theme of independent innovation as the market investment focus. From international experience, to achieve self-innovation is the only way for the transformation of economic development model, but also "Eleventh Five-Year Plan" in the core of economic work. Benefit from independent innovation and development of industries, including: advanced manufacturing, energy-saving environmental protection, rail transportation, 3G-building, and aerospace and defense industry. Is worth noting that by the strong national policy support, the equipment manufacturing industry is entering a rapid growth phase, some of the equipment-manufacturing advantages of individual stocks current valuation is still very clear focus on market outlook is still worth tracking.
