Category: Money tips Release Date: 2006-11-28
Source: Zhou Fei, Zhejiang, Li Jie
Shanghai stock market rose 74 points, broader market Tuesday, Wednesday once jumped to 3971 points, within two days, Hu Zhi maximum up 150 points. The resulting volume it is difficult to effectively enlarge the flow of a large-scale capital markets, making the current environment, capacity can be more shrinkage. In the case of tight volume, the index was able to in the past two trading days within a rebound in the formation of such a large margin. Technically speaking, by the end of May, the two fall in late June to form part of the oversold stocks, stock index fell in the shock, the "Group"-type sell-off in the past few trading days have been relatively small, the fact that some purchase of funds bargain-hunting behavior, have become very strong rebound in demand. Just as the index rose 150 points, after a rebound in this lack of Liangnengpeige apparently could "force enough heart." Moreover, since the CPI in May with a record high, the central bank raise interest rates no turning back. Coupled with the high cost of stamp duty 3/1000 raise interest rates high enough to curb the market's rebound. Once these policies have bad there, and did not have a corresponding positive offset, short-term rebound in the broader market has apparently come to an end when the big bang Quotes are expected to reappear.
In absolute price terms, although the market experienced a continuous adjustment of the current valuation level than the end of May about 20% of the overall decline, some decline in stocks is also a huge space. But in fact, led directly to the theme of the stamp duty 3/1000 stock market crash, forcing out some short-term passenger clearance, and stability "playing new things." In the blood loss of the market, the corresponding reaction force is also very limited. Up 150 points through two days maximum, the index, once again close to 4,000 points, the policy aspect of uncertainty is still Yichen unchanged. Part of the oversold shares subject does not appear a large rise in real estate only to rely on blue-chip indicator of the rapid hair strength. 2 o'clock Wednesday afternoon from the start, the index retreated trend, due to the lack of new forces to actively promote the broader market rebounded after the adjustments have been inevitable.
In Wednesday's disk, apart from real estate stocks are still outside the continuing outstanding performance, H shares a strong impact on the momentum there. China Southern Airlines, Datang Power Generation closing limit-fliers. Hong Kong stocks rise early, largely stimulated the H shares of plates strengthened. Meanwhile, with red chips and H shares a substantial return, will greatly enhance the strength of H shares of plate. Expected from the current point of view, China National Petroleum, China Construction Bank shares such as A return is only a matter of time. But it is worth noted that H-shares rose plate a large extent driven by the impact of the venue centralized fund, once the index face adjustment, plate will also be greatly reduced degree of activity, while involved in the H shares and A shares of the price difference, such The upward pressure on individual stocks is not small, does not rule out the possibility of short-term spikes down.
The surface of CPI due to policy and other economic data released in the near future, while the market panic broke out again at any time. Thus, in the current market environment, the risk of uncertainty will be further released. The present situation, 3/1000 the high stamp duty will greatly enhance the investment cost. This situation does not get changed, then the shock of the overall pattern of the market will be further maintained. In the absence of volume with the circumstances, the short-term A shares may continue to show a beach "dead water" situation. Investors in such shock city should try to choose the optional coin wait and see attitude, policies face uncertainties in the broader market rally, or a genuine reversal Quotes will be difficult to come, may wish to remain patient, wait and see.
