Category: Money tips Release Date: 2006-07-28
Source: Ling Xue-wen Guangzhou Bandung
-Induced panic in the market crash of various negative factors gradually digested by the market gradually, after Tuesday Shanghai and Shenzhen stocks in the financial sector carried out under the full range of strong shocks driven by a rebound of the stock market, and fully recovered the previous day by the B shares and Hong Kong China Enterprises Index losses caused by drag drop. After following the recent sideways, short-term direction of broad market will face a choice, including the financial sector, including the weight of the core of blue-chip groups, the direction of broad market performance will play a key role. Observed in the last two trading days of market performance can be found, whether it is real estate, the Olympics plates active, or financial, aviation and other hot spots of the strength, were indicative of collapse after a panic after the sideways shocks, the market has been the tense atmosphere of ease. Together with the NPC and CPPCC on to vigorously promote the healthy development of capital markets, bullish remarks, inhibit entry of all the negative factors of funds gradually be resolved, so do not rule out the weight in the core of blue-chip groups to become more active, driven by market exists brewing a new round of offensive potential.
[Today's market conditions]
In the financial sector rose strongly, driven by Shanghai and Shenzhen broader market Tuesday showed a rebound situation stabilized, both in order to Yangxian reported income, but the volume appears more obvious shrinkage of the two cities combined turnover of about 99.91 billion. Index runs from the day the trend point of view, early on the Shanghai Composite index was 2776.17 points, slightly lower open throughout the morning focused principally on the previous day's closing point and shock finishing, as the financial, aviation and airports and other transportation and re-active hot topics such as in the afternoon broader market gradually picked up, especially at 2 pm before and after the financial sector, driven by a strong pulled up to the whole day once ascribed to the highest point of 2866.33 points, the closing session to close at 2840.18 points, or 1.97%. Shen Chengzhi trend similar to the corresponding trend showing a rebound shock.
From the disk situation, Change stocks were almost equally divided between the two cities, including Shanghai Market Change Number ratio of 474:356, Shenzhen market, the ratio of 344:270 Number Change. From the table or view, the financial sector of the Shanghai Pudong Development Bank, Huaxia Bank, S Shenzhen Development, China Merchants Bank rose sharply, Bank of China and the Industrial and Commercial Bank of China rose 3.42 percent, respectively, and 4.05%, becoming the main driving force pushing price up. Secondly, transport plates aviation, airports, water transportation, also have good performance, such as the Nanjing Water Transport, Baiyun Airport, Air China and Hainan Airlines. In addition, some assets, restructuring and into the subject, as well as part of the fund Shigekura varieties have better performance, such as CIMC, Guangzhou Friendship, big business shares, such as Guizhou Maotai. Drop table, the recent continued strength of the S class and the overall weakening ST segment, ST Panthers, * ST Dragon, * ST Juyou other 16 stocks lower limit.
Tuesday, the Shanghai Composite Index opened to 2776.17 points, up 2866.33 points, the lowest 2756.96 points to close at 2840.18 points, up 54.87 points, or 1.97%, turnover of 64.958 billion; Shen Chengzhi opened 7797.71 points, up 7986.40 points, the lowest 7741.38 points, close of 7924.81 points, up 98.25 points, or 1.26% on turnover of 34.952 billion.
[Today In news]
Tuesday mainly in the following several news worthy of investor attention:
1, at the Fifth Session of the Tenth National People's Congress to make the government work report, figure the name of that this year we should vigorously develop the capital market. To promote multi-level capital market system, to expand the scale and proportion of direct financing; steady development of the stock market, accelerate the development of bond markets, actively and steadily develop the futures market.
2, the central bank governor Zhou Xiaochuan said yesterday that the exchange rate band when it's not enough is determined by the market and the international balance of payments imbalances in the decision that was not the central bank have the final say. Currently available does not make full use of the band, if the current rate is inadequate, and would certainly consider expanding the band. The current interest rate level is more appropriate, but never rule out the central bank may raise interest rates; savings funds into the stock market is a normal behavior of the shunt.
3, SASAC Director Li Rongrong said yesterday that the red-chip state-owned enterprises should be encouraged to return home, as long as the companies are willing, the SASAC encouraged to come back. He also believes that red-chip state-owned enterprises will gradually return to A-share market. Li Wei, deputy director of SASAC, said yesterday that this year's overall listing of central enterprises to be more active. He also revealed that the formation of state-owned capital operating company specific programs could soon be submitted to the State Department.
4, while recently there is news that prepared by the SFC, "a collection of asset management business of securities companies Implementation Rules" and will soon be formally tabled, regulate securities firms and will receive a collection of financial business qualification. Existing regulations allowed only innovative pilot securities firms and in accordance with "asset management business for clients of the pilot approach" to carry out a collection of wealth management business. Statistics show that at present the market has been established in 24 the total size of brokerage financial products have been more than 38 billion yuan.
5, development of bio-industry has become the focus of China's high-tech industrial development areas and an important content of China's biotechnology industry's added value by 2010 we will strive to reach 5,000 billion yuan. This is the National Development and Reform Division high-tech industry, said yesterday that the person concerned.
[Afternoon Brief]
-Induced panic in the market crash of various negative factors gradually digested by the market gradually, after Tuesday Shanghai and Shenzhen stocks in the financial sector carried out under the full range of strong shocks driven by a rebound of the stock market, and fully recovered the previous day by the B shares and Hong Kong China Enterprises Index losses caused by drag drop. Recently, the Shanghai Composite Index observe the operation of the circumstances, after the panic last Tuesday following a sharp plunge over the past five trading days on the Shanghai Composite index is basically maintained at the 2720 - 2870-point range to maintain sideways shock. Despite the more cautious investor mentality, but with the clarification of various negative factors and digestive, market sentiment has re-active signs. I believe that, following the recent sideways, short-term direction of broad market will face a choice, including the financial sector, including the weight of the core of blue-chip groups, the direction of broad market performance will play a key role.
From Tuesday's market performance, the full range of financial sector to become an active market, the biggest bright spot. The author has repeatedly stressed that the long-term value of shares of domestic banks is the profit model of economic transformation and sustained and healthy development of China's economy. In the experience of policy restructuring, asset stripping, corporate governance reform and the introduction of strategic investors, domestic banks in the system architecture has been a modern commercial bank with an initial hardware kernel, the industry can be said that the critical period in leaps and bounds. Boyi from the market point of view, as the market-core assets and the development of an important weathervane Quotes of the financial sector, as well as indicators of stock weight groups, the next 300 index futures and the formal implementation of margin trading to a large extent, will continue to enhance its liquidity, the mainstream institutions can not because of the weight at the stage of the break target stocks to choose a strategic exit, future performance is still worth looking for further investors. If the configuration from the industry point of view, strong liquidity, performance, solid growth in the weight of the core of blue-chip group of mainstream institutions still must be configured varieties.
In addition to the financial sector, the part of the defensive nature of species, including civil aviation, airports, shipping and other transportation section also has a good performance. In the broader market at a relatively high operating process, transportation and plates as a defensive strategy, the focus species will inevitably be the focus of mainstream institutions. For the aviation section, the country's economic and foreign trade continued growth in consumption in promoting the popularization of air travel as well as the emergence of private aviation, and aviation rights and other factors will be open to a certain extent, contributed to China's aviation and airport business to grow steadily. At the same time, civil aviation, the control of state-owned economy is one of the seven industries, the RMB appreciation and correction in oil prices also constitute positive factors.
In short, observe the last two trading days of market performance can be found, whether it is real estate, the Olympics plates active, or financial, aviation and other hot spots of strength, were indicative of collapse after a panic after the shock sideways after the tense atmosphere of the market somewhat alleviated. Together with the NPC and CPPCC on to vigorously promote the healthy development of capital markets, bullish remarks, inhibit entry of all the negative factors of funds gradually be resolved, so do not rule out the weight in the core of blue-chip groups to become more active, driven by market exists brewing a new round of offensive potential.
