Category: Money tips Release Date: 2007-07-17
Source: Guangzhou Bandung Author: Ling Xue-wen
Today is July of the last trading day, Shanghai and Shenzhen markets to unilateral Powei the way down the end of July the market, reproduction of "Black Monday" and showed "four Lian Yin," the Japanese K Line combinations. Japanese K Line "four Lianyin" basically established the market's adjustment of the pattern, but also from the average for the system point of view, the Shanghai Composite Index is currently 5, 10 and 20-day moving average has turned down the 60-day moving average has also been declared the fall of is expected to run above average on the index would constitute a counter-pressure. Investors are advised to strictly control the proportion of positions, for a variety of lucrative strategy to continue to take rallies lighten up, while actively explore and follow up with valuation of assets restructuring topics and has strengths and growth potential of the species.
[Today's market conditions]
Today is July Quotes of the last trading day, the Shenzhen and Shanghai broader market continued the trend of the past few trading days to seek support for further downward, and the long Yinxian a barrel. As of today, the two cities have been closed out of tape "four Lianyin" K-line combination of both showed Po Wei downward trend. Index runs from the day the trend point of view, early in the Shanghai Composite Index opened 1659.54 points, after the low-down all the way shocks, disk stocks Pudie serious indicators of stock plates of the broader market weakness has caused any significant stress, and eventual Hu Zhi below 60-day moving average, the minimum to 1611.16 points, the short-term will test 1600 points, is expected to pass an integer support. Shen Chengzhi a similar trend, showing speed up the bottom of the trend line support will face a test of six months.
From the disk situation, stocks Pudie a very serious problem, particularly in pre-or larger and there is no performance or the performance of individual stocks supported by a substantial decline in stocks has been the market sell-off, G-Lan Tai, G Shanggong, G Fengshen, G Tong Wine, G delivered, G in the wide pass, Wing forestry, G Lutianhua other 14 stocks in order to limit-down at close. Bank of China, G Long electricity, G Unicom, G Baosteel, Sinopec shares of plates and other indicators continue to adjust, and the pressure of stock constitutes a clear run. Noted that in individual stocks fall in case of a large area, some asset restructuring, mergers and acquisitions and asset movements into the subject matter more active stocks, such as the concept of G-day with a buy-back benefits, controlling shareholders to replace G-white, part of the steel stocks, such as G New Steel and Vanadium, G Fushun Special Steel, etc.; a number of outstanding shares of the recent reform of the ST class stocks also continued strong, such as * ST Arata, * ST Ji-100, * ST Zhongtian, * ST Dongtai, etc.. In addition, recently also been an active part of the pharmaceutical problems, such as G Xinhua Hospital, G-Canton medicine, G Golden Flower and so on. Overall, however, disk hot spots are very poor, structural adjustment pressures has yet to be released.
Monday, the Shanghai Composite Index opened to 1659.54 points, up 1659.54 points, the lowest 1611.16 points to close at 1612.73 points, down 49.30 points, or 2.97%, turnover of 19.755 billion; New Composite Index (000017) opened today at 1409.75 points, the lowest point of 1362.83 up 1409.75 points to close at 1364.99 points, down 46.75 points, or 3.31%, turnover of 16.934 billion.
Shen Chengzhi opened 4068.51 points, the lowest 3936.75 points, up 4068.51 points to close at 3946.90 points, down 133.73 points, or 3.28% on turnover of 11.269 billion. Shenzhen, a new index (399.1 thousand) to 1693.76 points, opening morning, the lowest 1622.22 points, up 1693.76 points to close at 1623.49 points, down 76.16 points, or 4.48% on turnover of 9.243 billion.
[Today In news]
Monday mainly in the following several news worthy of investor attention:
1, the initial margin trading pilot scale up to 10 billion. The number of initial members of the pilot 5-6 at home, the size of margin trading around 100-120 billion, of which Securities Lending smaller than the size of the financing; the underlying stock will meet the requirements of more than 300 stocks selected; proportion of margin trading Margin below 50%, offset by margin stock conversion rate of no more than 70%; investors margin trading period may not exceed 6 months.
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2, Jinan Iron and Steel Group, Laiwu Steel to complete integration by the end of October. Example of China's steel industry's largest reorganization of the case will soon be born. Shandong Province, Jinan Iron and Steel Group and Laiwu Steel Group, Shandong Iron and Steel to form the basis of large groups of the program has been governor of office will be considered for adoption. 2 Iron and Steel Group property rights may be transferred to the newly established holding company name, integration is expected to be completed by the end of October, did not rule out the future integration of the two groups of listed companies may be affiliated.
3, China International Airlines Co., Ltd., today published the prospectus a letter of intent, to be issued in the A-share market is not more than 2.7 billion shares A shares. Air China's online purchase day of August 9, is expected to be no later than August 22 on the Shanghai Stock Exchange. Air China is just over a month to enter the A-share market of the third ship "super aircraft carrier." Prior to Bank of China and Datong-Qinhuangdao Railway were raised through the A-share market of 200 million yuan and 15 billion yuan. Among them, Daqin Railway listing announcement released today, the book will be officially August 1 at the Shanghai Stock Exchange.
4, with the share reform into the closing stages, Shanghai and Shenzhen Stock Exchange launched today includes only eight shares of the company's first 43 groups to change the list, again a record number of companies for at least a single batch of records. This eight companies were the Shanghai stock market's Jinggu forestry, ST Everest, your stake in Air China, Heaven and Earth Science and Technology, ST Zhong Yan, Lu anti-medicine, and the deep Shenzhen textile, MACRO. According to statistics, as of now, the two cities share the number of companies for the 1119 reform, accounting for 1348 should be reformed companies (including Sinopec series of five companies) 83% of the stock market value of more than 80% change.
[Afternoon Brief]
Today is July of the last trading day, Shanghai and Shenzhen markets to unilateral Powei the way down the end of July the market, reproduction of "Black Monday" and showed "four Lian Yin," the Japanese K Line combinations. In last week's five market conditions analysis, I already mentioned the Japanese K Line "three Lianyin" worth vigilance, while the market focus has been a gradual downward trend. In fact, today's market's decline has also long been a matter of fact the market expectations, on the one hand Datong-Qinhuangdao Railway will be available, Air China will also be offering made the market expansion pressures continue to increase, on the other hand, with the mid-year report the disclosure of performance, performance risk will be gradually highlighting, in addition to August about the admissibility of margin trading business as well as G Unit, lifting restrictions on sale will mark the peak of a short-term market trends, also to the effects of uncertainty. Recently I also repeatedly emphasized that the medium point of view, the strengthening of macro-control, expansion pressure, the overall performance of listed companies as well as the decline in the first half of the expected accumulated profit-taking pressure from the medium-term trends are all right stock constitutes a repression. In particular, after 7 months have been rising continuously since, the market as a whole has a relatively high valuation, but also part of the plate and individual stocks have been overdrawn on the price of earnings and future stock price performance of growth, structural adjustment pressure on the current market has yet to be further digested.
In the short term trend, Japan and K-line of "four Lianyin" basically established the market's adjustment of the pattern, but also from the average for the system point of view, the Shanghai Composite Index is currently 5, 10 and 20-day moving average has turned down 60 -day moving average has also been declared the fall, is expected to run above average on the index would constitute a counter-pressure; technical indicators, MACD green column re-amplification, random targets KDJ low cross down, RSI to maintain downward trend, the recent passage in the track meet resistance BOLL Today has been touched upon under the rail, these indicators shows the trend has been a marked weakening of the market operation, short-term adjustments are still the main shocks. Of course, the need to be reminded that tomorrow, Datong-Qinhuangdao railway stock market may have some of the pulling effect, and has gone through a continuous decline, the short-term technical rebound in stock there are also possible, but the rebound effort will be relatively limited. Terms of specific operations, the author Investors are advised to strictly control the position or the proportion of species for the lucrative strategy to continue to lighten up rallies, while actively explore and follow up with valuation of assets restructuring topics and has strengths and growth potential of the species .
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