Category: Money tips Release Date: 2006-08-19
Source: Guangzhou Bandung Author: Ling Xue-wen
Sinopec transaction Quotes observed to contain two major factors that the recent market trends can be found, the Shanghai Composite Index after dropping 1512 points, sustained a slight concussion after access to support higher, as of today, a cumulative maximum of up more than 100 points, while in the process of market turnover always maintain a relatively shrinking levels. This shows currently on the market more cautious attitude, a lack of willingness to do more; the other hand is also reflected in the macro-regulation and issuance of new shares under the influence of a relatively tight market funds face the dilemma. At the macro-regulation and new shares issued under the dual pressures of the market bulls to reorganize a substantial upside Quotes of the conditions are not met, is likely to continue to maintain the high order pattern of shock.
[Today's market conditions]
Wednesday Shenzhen and Shanghai market trend in a certain degree of differentiation, appears stronger Shanghai Shenzhen weak phenomenon, in which the Shanghai Composite Index continued the trend of the past few trading days to a small shocks upside, the China Petroleum and Petrochemical midday rebound, as well as colored plate hot metal under the impetus of an active break 1600 points, once an integer mark, the maximum shot up to 1617.71 points, down slightly late, which will eventually bring a small lower shadow Yangxian reported income, the increase in volume compared with the previous day. The Shen Chengzhi a slight adjustment of the trend, to close out the vaginal discharge of small Yinxian hatched.
From the disk situation, by the Shanghai Petroleum Exchange commences trial operation of the news, today, Sinopec led the overall trend of petroleum and petrochemical blocks active, under the management of Shanghai Municipal Development and Reform Commission of Shanghai Petroleum Exchange, is limited by the China Petroleum International Business company, Sinopec Sales Co., Ltd., China Ocean Petroleum Chemicals Import and Export Co., Ltd., Sinochem International Oil Company and Shanghai Alliance Group Co., Ltd. jointly funded long-established Co., Ltd., registered in Shanghai Pudong New Area. Company registered capital of 105 million, Shanghai is in absolute control of long-standing position of United Group, PetroChina, Sinopec, CNOOC and Sinochem split the remaining equity. But after the recent continuous adjustment, non-ferrous metal plate as a whole rebounded, G in gold, G Lu gold, G to your inquiry, G Chi-hong, G Tibet Mining, G Zinc Industry, Jiaozuo Wanfang, G Guanlu, G Yunnan Copper and so on. Another asset restructuring, mergers and acquisitions, into the assets and shares are still listed as a whole and other subjects to perform well, such as the G's widely, G * ST Aerospace, the Red River a bright, G Min-Fu Fa so. Equipment manufacturing, construction machinery and other industries stocks may also have good performance, including China Textile Machinery, G heavy machinery, G 31, the Great Wall electrician, Xugongkeji, G Liugong so. Noting that SSE first tradable shares only 5 of Datong Coal Industry this week listed on the Shanghai Stock Exchange, to stimulate more active the overall performance of coal blocks, such as the G Shenhuo, G West, coal, G Shan Jiao, G Yan Coal, G Taurus, G Kailuan so.
Wednesday, the Shanghai Composite Index opened to 1590.61 points, up 1617.71 points, the lowest 1570.08 points to close at 1598.12 points, up 5.79 points, or 0.36%, turnover of 22.661 billion; New Composite Index (000017) opened today at 1338.77 points, the lowest point of 1322.61 up 1348.61 points to close at 1334.48 points, down 6.30 points, or 0.47% on turnover of 16.899 billion.
Shen Chengzhi opened 4111.17 points, the lowest 4046.45 points, up 4116.50 points to close at 4081.29 points, down 30.95 points, or 0.75%, turnover of 14.846 billion. Shenzhen, a new index (399.1 thousand) to 1661.65 points, opening morning, the lowest 1638.64 points, up 1671.97 points to close at 1652.43 points, down 9.81 points, or 0.59% on turnover of 11.27 billion.
[Today In news]
Wednesday mainly in the following several news worthy of investor attention:
1, China's three major iron ore producers and steel mills pricing agreements. From the authoritative sources that Baosteel Group on behalf of Chinese steel mills on the 20th and the main iron ore producers BHP Billiton (BHP) companies have reached a price agreement, powder ore and lump ore prices last year rose 19%. This increases with the previous global steel producers to accept the majority of the "starting price increase," the same.
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2, China will be the first electronic savings bonds issued. Ministry of Finance and the People's Bank head 20, said that China will soon issue the first time in the national savings bonds for individual investors (electronic type), a bond interest income exempt from personal income tax rate is higher than the same period of release bank savings deposits after-tax income, non-flow records of claims by electronic means, income security and stability, to encourage held to maturity.
3, securities trust fund blowout in June, nearly 500 billion yuan of funds into the stock market to be. It is understood that recently, Beijing, Shanghai, Shenzhen and other places some of the major trust companies are actively preparing for large-scale securities trust products, the industry estimates, there will be nearly 50 billion trust fund ready to enter the stock market.
4, Science and Technology Development Plan implementation details to be drafted. The State Council has approved and agreed to formulate the relevant ministries, "the implementation of" long-term National Science and Technology Development Plan "for a number of supporting policies," the implementation details of the work plan. These implementation details, including the requirement to complete before the end of this year's "norms of foreign mergers and acquisitions backbone enterprises of China's equipment manufacturing industry specific policies," "Industrial Catalog for Foreign Investment (Amendment)" and other documents.
5, Datong Coal Industry Friday SSE listing. Shanghai stock market is only first tradable shares, Datong Coal Industry week 5 on the Shanghai Stock Exchange. Datong Coal Industry announced today that according to the listing announcement book, the company's online issue of 22400 shares of outstanding shares will be held June 23 listing. Network shares are under the placing of the 5600 stock market will be 3 months after listing.
6, the Shanghai Petroleum Exchange commences trial operation. Shanghai Petroleum Exchange, the mock trial will be started today and runs 55 dealers will participate in the transaction. All exchanges will be officially opened in accordance with criteria to accept a dealer test. Stock Exchange to develop a simulation test run the program and the corresponding incentive programs, listing product variety, listing prices have been set, which simulated trading varieties 180CST and 380CST.
[Afternoon Brief]
Observe the recent market trends can be found, the Shanghai Composite Index after dropping 1512 points, sustained a slight concussion after access to support higher, as of today, a cumulative maximum of up more than 100 points, while in the process shrinking market turnover has remained relatively level. This shows currently on the market more cautious attitude, a lack of willingness to do more; the other hand is also reflected in the macro-regulation and issuance of new shares under the influence of a relatively tight market funds face the dilemma.
The central bank decided last weekend announcement from July 5 to raise the deposit reserve ratio by 0.5 percentage points, that is, implementation of the 8% of the deposit reserve ratio. From the recent introduction of the policy, whether it is April 29 to improve commercial bank lending benchmark interest rate, or open market operations the central bank issued 100 billion yuan on the directional instruments, or to raise bank deposit reserve ratio, have shown markedly enhanced the intensity of macroeconomic regulation and control This will to some extent to a market funds face pressure. Of particular importance is that if short-term funds from the affected side of the market factor, the rhythm is the impact of new shares issued an important factor in the development of the market outlook Quotes last week, more than 3,000 billion purchase of new shares will be frozen, while the Bank of China this week, five release of funds may be frozen up to 600 billion, the market will undoubtedly face more funds face a severe test, so macro-control and new shares issued under the dual pressures of the market bulls to reorganize a substantial upside Quotes of the conditions are not met, a very are likely to continue to maintain high order pattern of shock.
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