Category: Money tips Release Date: 2006-06-20
Source: Guangzhou Bandung Author: Ling Xue-wen
Shenzhen and Shanghai market is finishing this week, the pattern of shocks, the overall operation is relatively stable, while the volume continued to decrease over the previous week; take into account the limit of G Unit IPO selling ban and the pressure of such expansion will be in a very long period of time long-standing, coupled with on the current market structure, most of the high stock valuations, stock index are expected to remain at the current stage there is pressure supported shocks under the sorting operation of a relatively balanced pattern. Quotes of the development and the future volatility of stock may be largely dependent on the macro-control policy, the introduction of the time and the rhythm of large-cap stocks issued. Looking next week, due to resume issuing new shares to a certain extent, examination of market expansion is expected to increase the psychological pressure, another seven next week, there are still non-tradable shares of listed companies will be lifting the ban, coupled with mid-year report results for disclosure has entered a period of intensive, these factors will to some extent inhibit the operation of short-term index.
[Today's market conditions]
Air China listed on the first day by the weak trend in drag, Shanghai and Shenzhen broader market Friday shocks adjusted to maintain momentum, the two cities are Yinxian indexes reported income, the level of trading volume to keep shrinking. Index runs from the day the trend point of view, early in the Shanghai Composite Index opened 1601.57 points, after the G Unicom, led by a rebound once ascribed to 1614.36 points, but because of lack of disk hot spots, while subject to restrictions, and 20-day moving average volume suppression and other effects of a slight rebound in early trading after Hu Zhi slowed down and showed the trend of lower repeated shocks, the weak features evident. Shen Chengzhi trend similar to the 20-day moving average of the index constitutes a clear counter-pressure to run all day basically maintained at six months between the line and the 20-day moving average volatility order.
From the disk situation, hotspots are still relatively scarce, the two cities most of the stocks start adjustment; or table area, G gold leaf, G long steel, G Pien Tze Huang ST category as well as some individual stocks daily limit; G provide access to news, morning sharply ascribed , but ultimately dragged down by the broader market order; today that the listing of Air China opened below the issue price of 2.8 yuan, the lowest dropped 2.74 yuan, basically all day fluctuations in the vicinity of the offering price, the closing session to close at the issue price reluctantly. Air China dragged down by the weak performance of some other large-cap stocks such as Bank of China, Datong-Qinhuangdao railway, G Long and electricity continue to collate. Notes, 3G performance of theme and some other tech stocks are more active, such as the G Tang, G Xia, G Guomai, G Post, Link, G Gao Hong, photoelectric shares, etc.; another part of the bio-pharmaceutical stocks have a good performance, such as the G Yun Bai Yao, G Pien Tze Huang, G Tong Ren Tang, head medicine, and so days. After a short-term real estate section active again in early trading, after finishing, such as the G Wanke, G the grain land and so on, but in the end have also been dragged down broader market, rising fatigue.
Friday, the Shanghai Composite Index opened to 1601.57 points, up 1614.36 points, the lowest 1596.56 points to close at 1598.02 points, down 5.31 points, or 0.33%, turnover of 11.898 billion; New Composite Index (000017) opened today at 1347.41 points, the lowest 1341.35 points, the highest 1357.52 points to close at 1343.08 points, down 5.54 points, or 0.41% on turnover of 10.455 billion.
Shen Chengzhi opened 3928.44 points, the lowest 3913.45 points, up 3964.76 points to close at 3924.27 points, down 15.32 points, or 0.39% on turnover of 6.467 billion. Shenzhen, a new index (399.1 thousand) to 1590.98 points, opening morning, the lowest 1584.16 points, up 1606.39 points to close at 1585.69 points, down 9.72 points, or 0.61%, turnover of 5.267 billion
[Today In news]
Friday mainly in the following several news worthy of investor attention:
1, an authoritative source, the Agricultural Bank, Bank of China and Shanghai Pudong Development Bank to build fund companies reported a pilot program approved in principle, this three years, banks are expected to fund the establishment of its holding company.
2, the RMB exchange rate hit the biggest single-day rise, ushered in new opportunities. 17 yuan against the U.S. dollar once again staged a "bungee jump" in the morning down a strong rebound in the afternoon of that day, the RMB exchange rate 7.98 and 7.97 successively break up and down fluctuations of up to 140 basis points. Auction trading to close at 7.9716, compared with the appreciation of 185 basis points the previous session; Inquiry trading closing price 7.9686, up 199 basis points, respectively, to change foreign exchange trading and inquiry transactions since the auction's largest single-day rise.
3, China Securities Regulatory Commission has to fund companies, fund custodian banks issued a notice requiring fund companies a monthly management fee income from fund provision for risk reserves, in order to enhance the fund's risk prevention capability. Provision for the proportion of not less than the fund management fee income of 5%. Risk reserve management by the fund and can be invested in government bonds and low-risk high-liquidity assets.
4, SSE relevant responsible person said, "the negotiated transfer of the outstanding shares of listed companies to apply for the provisional rules of business" and the share reform lock requests do not conflict. "Rules" and "approach" is entirely consistent with the spirit is the further implementation of unit policy changes. "Rules" will complete the company's outstanding shares of stock reform agreement included the transfer of exchanges and clearing houses of the centralized and unified under its jurisdiction.
5, this reporter has learned from the State Environmental Protection Administration, SEPA is currently undertaken by the Organization through the circular economy pilot provinces and cities nationwide have grown to eight, the state developed into eco-industrial demonstration area of 19, in which the industry categories Park 9, Miscellaneous Park 9, intravenous Industrial Park, a class.
6, G interchange (600.05 thousand) Notice, the controlling shareholder of China Unicom Co., Ltd. intends to purchase in the secondary market does not exceed the company's total share capital (about 21.2 billion shares) 4%, not less than 1% of the shares to stabilize the company's share price increase investor confidence.
7, today's Shanghai and Shenzhen A total of 80 listed companies published in 2006 focused on semi-annual report, semi-annual disclosure period of accelerated. So far, 736 cities have been officially unveiled semi-annual report of listed companies, more than half of the total number of listed companies. According to statistics, as of August 17, 656 semi-annual report revealed in 2006 a net profit of listed companies with a total of more than 48 billion yuan, an increase of 9.63%. Weighted earnings per share of 0.1546 yuan, an increase of 1.31%.
[Afternoon Brief]
Shanghai and Shenzhen market is finishing this week, the pattern of turbulence, the overall operation is relatively stable, while the volume continued to decrease over the previous week; weeks in which the Shanghai Composite Index closed up a K-line with a long lower shadow of the yin doji shows that 20 -week average of 1565 points, a certain first-line support on the index, but also by the upstream 5 weeks, 10-week average of repression. From the Japanese K-line form point of view, five trading days this week, apart from Tuesday and Wednesday closed out the Yang Xian, respectively, the remaining three trading day to close at Yinxian, the basic performance of the bottom rebound, finishing ascribed to meet resistance trends, Hu Zhi fluctuation range in 1565 - 1617-point range. In a recent analysis of market conditions I mentioned that, from July 5th stage of the Bank of China listed on a record high since the Shanghai Composite Index showed the overall trend of a drop shock, and run them on short-term downward spiral; despite the recent trading days up since began to challenge the tentative track down channel pressure, but until now the market is still hot and the volume has not been effective cooperation.
G Unit limited lifting of the ban on sale this week, ushered in the peak, G CITIC more than 1.17 billion shares, G Long electricity more than 520 million shares of restricted sale of shares traded on Tuesday began, but the two stocks has not declined, but a good performance, There is some margin increases. G Unit sales peak of a smooth landing limited to a certain extent to stabilize the market confidence, but Fashen Wei will be reviewed next Monday to resume starting once again the news made the market psychology became more cautious. G Unit, taking into account the limited lifting of the ban on sale and new equity issues such as expansion pressure will be a very long period of time long-standing, along with most of the current market structure, high stock valuations, the author index is expected to remain at the current stage there is pressure, support under the shock of finishing, the operation of a relatively balanced pattern. Quotes of the development and the future volatility of stock may be largely dependent on the macro-control policy, the introduction of the time and the rhythm of large-cap stocks issued.
Looking next week, due to resume issuing new shares to a certain extent, examination of market expansion is expected to increase the psychological pressure, another seven next week, there are still non-tradable shares of listed companies will be lifting the ban, coupled with mid-year report results for disclosure has entered a period of intensive, these factors will to some extent inhibit the operation of short-term index. After finishing this week's shock after the broader market is expected next week, will once again faced with the choice of the short-term direction. On the specific operation, it is recommended investors to continue to take defensive neutral strategy, the proportion of strict control of position, for the short-term hot spots should avoid chasing high and Shigekura operation
