Category: Money tips Release Date: 2006-05-15
Source: Jiangsu Tianding Author: Qin Hong
Recently, A-share market repeated shocks, Shanghai Composite Index plummeted 39.09 points this week, after the three week 4 appeared stabilized stabilizing trend, Shanghai Composite Index edged up 9.96 points. But the Shanghai stock market volume was only 16.65 billion yuan, for the near future land supply, then, how to look at this trend then? Surrounding the stock market rebound express a small Yangxian for the A-share market yesterday rose, the industry generally agreed that the venue is not the A stock market momentum in the event of a resurgence, but because the external stimulus pick up the stock market due to the reason for so speaking, a is because the A-share market rose yesterday, led indeed the lack of a hot spot, simply because the market is not short of the active kinetic energy before an have a market rebound. The other hand, because the surrounding stock market rebounded sharply yesterday, the Hong Kong Hang Seng Index rose 379.18 points, or 2.36%, while the H share index rose 165.26 points, or 2.50%, iron and steel , coal, and finance into H led the gains momentum, driven, A-share market rebounded yesterday, there have been movements.
In other words, yesterday's A-share market does not pick up significant market momentum and surged to do more, but because of the hot stock market rebound around the A-share market to stimulate the nerves of funds, there is part of the funds involved in the petrochemical unit, Synthetic stocks and other stocks did rebound, thereby promoting the broader market rally. Therefore, a small yang yesterday stabilized K line is driven by external forces, rather than A-share market have emerged due to the inherent power to do more.
Liangnengbuzu unlikely to increase in space
Because of this, the follow-up trend in the industry are not optimistic about, first, because the amount of energy issues. Shanghai stock market yesterday, the turnover of only 16.65 billion yuan for the 51 preganglionic Festival Main Shenglang Quotes of the times the amount of transactions of the recently Quotes to land supply, so the amount of money can fully explain the mainstream of the current A stock market is not interested.
The lack of mainstream capital to participate in the market, how to produce a great intensity of the main Shenglang Quotes do? Second, because of the recent second quarter, the Fund Quarterly Bulletin also shows that the current amount of the Fund's holdings of up to 78%, at a high point in recent years, but funds are also facing a certain degree of ambivalence, on the one hand is the position reached 78%, is almost full load operation.
But on the other hand is a very significant main hot spots lighten up on the front, and even Hongdu Aviation, G Bao titanium and other popular varieties are also lighten up the early signs with the same time, a number of defensive Opening species. Fully demonstrated the characteristics of such a contradiction of the current A-share market has been the lack of a clear underestimation of the value of variety. That being so, in the current valuation of the platform, there will be new money involved do? If not, we can solve why the recent fall, a big bang, up the reason, when Su Liangå•? because every time the mainstream financial crash are due to reduction of profit chips.
Therefore, if the volume is not obvious in the near future to enlarge, then the market's rebound in space will be relatively limited, and even can speak, even if the external stock market rebounded sharply, but also difficult to change the current A-share market has been built in shock in the top of the trend特å¾. Consider also, the current valuations are not cheap in the context, not only closed up space, but also closed off the idea of capital approach.
Prudent operation of wait and see
In other words, in the present context, we can not because of the sharp decline warrants say A-share market stabilized stabilized, on the contrary, if the warrants continue to fall, can inhibit the desire to do more short-term funds, it will drag on A-share market, so , the current operation is as much as possible to watch, wait and see. With the same time, prudent investors may be appropriately concerned about defense capability strong varieties, because the adjustment process, there will be more money involved in the undervalued and has not gained the early varieties of defensive , such as the G Jiangxi Guangdong, G long cables, they are the dynamic price-earnings ratio of less than 14 times, but the high dividend yield, and there are established growth expectations, the present intervention, the risk is very low, and can enjoy 6 months 20 % of the increase in space, it is recommended due attention of investors.
