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Data:2009-12-12 2:34
Source: Zeng Huang Xiaoyi completed all Chinese Commercial News
Plunged 600 points in a row after yesterday's broad market rebound appeared heavy volume, Hu Zhi close at 3781 points, up 165 points, Shanghai stock market turnover of 94.3 billion yuan
Numerous investors have been stuck, Shanghai and Shenzhen stock markets in tears.
May 30 has been, A-share market suffered from a 998-point since the bull market is the biggest wave of mid-level adjustments, Hu Zhi plunged to 3,600 points from 4,300 points, while the broader market fell only 12.8%, but most stocks have occurred in the deep rate fell, nearly half of the stocks fell more than 30%, of which 358 stocks fell more than 40%, despite the broader market yesterday, there's a strong 165-point rally, but investors are still losses.
This time the crash, which hurt the stock was the heaviest? Which stocks are also under adverse rosy?
After the close yesterday, this newspaper detailed statistics of the crash of the transaction data, I believe that a careful inventory of the data, and contrast it with our operations, we will sum up their own collapse in this round of gains and losses.
Nearly half of stocks fall 30% super -
Current round of stock prices, stocks fell very tragic, in more than a month time, there are 42 cities in individual stock price has been cut, as well as 316 stocks fell 40% to 50%, and the decline in more than 30% of the total stocks 670, more than the total number of four into.
In a huge decline in stocks, the basic theme of shares in, garbage stocks, ST shares the main, in addition to a rebound in the first wave slightly outside the heavy volume, since the second round of the Po Wei drops began, the overall volume dropped significantly across the board out of speculative funds has taken these speculative stocks strategy.
Despite the collapse into Nishajuxia, but still emerged a pair of little red 10000 green phenomenon of 160 stocks posting gains, there was no down market in the past, Qi Zhang Qi down phenomenon.
Market Review: From the above data, it is easy to find the bull market of the risks and no less than a bear market, even as the bull market, "NIU Chang-Bear short" feature, making this adjustment is very intense, great cast doubt on whether the end of the bull market of the momentum . 2001 bear market early in the month, stocks are far from the overall decline is more severe this time, most of the price of individual stocks in a few months before being cut. Therefore, in a bull market in stocks, the same should strictly control the risk, otherwise the bull market Daotou, but also nothing.
Stars are the slag slag shares diving
In the fall of the top 20 stars in the fall, ST shares accounted for nine seats, almost half of the country, none of which is just a blue-chip, all the standard slag slag stocks, such as the star of the first five months Guanghua Holding shares (000,546, the closing price 7.61 yuan), from the lowest 2.95 yuan rose to 17 Yuan on along the way, the biggest gain in more than four times, but the company's fundamentals have not changed substantially.
Market Review: Theme Unit and the garbage stocks, the absolute protagonist in the first half is undoubtedly a substantial profit over the profit from these stocks, while investors in the six months's wealth has shrunk and it is these stocks plunged results. It can be seen, the characteristics of such stocks is the twists and turns, with the blue-chip value stocks rose in sharp contrast to the small back in the involvement of these shares prior to understand the high-margin and high risk is always accompanied, in particular the high chase them the stock is very risky.
Great Niugu more substantive themes
Open or the top 20 list, although the subject matter shares many, but there is a critical feature of many of the substantive themes of these subjects, and some material has already been fulfilled, but not cashed are under way. Such as Yunnan Copper, after the completion of private placement, absorbing a lot of mining resources, making performance of the company is expected to better; while TBEA published in the June equity incentive plans as well as firm orders are also abundant.
Market Review: Most stocks rise is the subject of gossip to rely on non-existent, while the substantive themes and changes in company fundamentals are strong trends, which rely on technical analysis of stock options for investors was a revelation, the company behind the real gold , the trend has it all, without the need to inquire about gossip everywhere, while the news is true or not, in fact, take a look at the disk also get to know the.
Stock volatility is far better than the overall market
Round fell into the current decline in the Shanghai index less than 12.8%, but the stocks are devastated, with 245 stocks fell more than broad market fell more than 30% of investors who speculate in stocks watched index of disadvantage is not small, in fact, rising when the gains were also many individual stocks beyond the broader market volatility in individual stocks has become increasingly important market for the current feature.
At present the majority of the stock price has dropped to a March to April this year, the position, equivalent to 3000 near the Shanghai Composite Index, while a small amount of the company's share price has returned to the 2800 points below the index contrast with the actual big shocking.
Market Review: Stock cast aside the broader market speculation it became a mantra among investors in the first half, but if you are still in the decline of the implementation of this strategy, I believe investors will lose a lot, the index rose to 10000 points, even without the correct investment philosophy, I believe most people will still earn indices were not profitable.
Greatly reduced enthusiasm for the new shareholders accounts
"5.30" fell, indeed to all the people of Shanghai and Shenzhen stock market stocks under pouring a pot of cold water. Just a month ago, is also competing market investors, now have cautioned her friends: "Risk big, away from the stock market!." The new investors enter the market, one after entering the stock market, and not as big as one might imagine harvest the contrary, countless losses, but most did not leave a lot of investors taking profits equally. The A-share market now has no money when the effect of early, but also how to attract investors to open an account? Many businesses, staff of the Ministry told reporters, "This month, the Bank counters easily a lot of the previous situation of queuing to open accounts have disappeared."
In retrospect, "5.30" before the grand occasion, and in the May 28, A-share accounts at once reached an unprecedented 38.5 million. However, in the next month or so time, the number of accounts with the stock dropped sharply. Since this week, the new A-share accounts in four consecutive trading days below the 100,000. July 5 (Week 4) A-share accounts at only 6.3 million.
Market Review: "5.30" has become a turning point in this round Quotes stage, declaring the market into the mid-term adjustment; the same time, this point has become a turning point in changing the number of investors accounts. In the first half of the market, is capital-driven bull. Good stock market to make money, naturally more and more people who open an account. Once Quotes go bad, the natural approach fewer and fewer people. As a result, helped to trigger the supply of additional funds inadequate, and the prices are also difficult to re-strengthened.
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Sharp contraction in trading volume
May 30, Shanghai and Shenzhen stock markets suffered heavy losses, while the total amount of turnover between the two cities have also scored a record volume of 415.3 billion yuan days. But since then, the stock market crash a row, a sharp decline in trading volume. Just three trading days after a quick turnover fell to 2,000 billion level. June 4, A-share market turnover fell to 225.7 billion yuan, has shrunk by half. In the meantime, many individual stocks consecutive lower limit. "Stocks were limit down, and is also selling tickets to sell, buy a ticket even more afraid, and how trading volume may not be shrinking citizenship." An analyst with the case analysis of the reasons for low trading volume.
A rebound in the June period, 2000 million turnover levels did not last long, June 26, the transaction value below 200 billion yuan. This week 3 and week 4, but also shrink to 115 billion yuan and 118.1 billion yuan. Until yesterday, the Shanghai and Shenzhen stock markets again oversold bounce before turnover to 145.5 billion yuan to enlarge. Perhaps the stock fell to a lower point and do not, off-course funds are not entering a bargain-hunting.
Market Review: Now the market, the most afraid of is the volume have been dwindling. No turnover means that funds are reluctant to participate in the stock market. Down market, we are very cautious, are in a wait state, all their hopes and then drop again slightly lower Kong Huangpan kill came out, and then the stock market bargain-hunting. Clearly, Su Liang means that investors have no confidence in the market outlook. Yesterday, the market rebounded, though a small contribution, but if the volume can not be sustained to enlarge, then how strong can the strength of a rebound, a good life can be for how long?
Shareholders average loss Jinsan Cheng
"To Statistics are exposed to '5 * 30 'after the loss exactly how much is, indeed, not easy." Vice president of sales department of a brokerage told reporters, "because some investors to save money, some investors to collect the money. But from our stock market value of managed point of view, May 30 after the market managed to reduce by 30%. In other words, shareholders of the average loss rate, refrain from. "The vice president said, according to his understanding of the customer side, after this week's plunge, almost All the investors are losing money, few people still fall in the money market. According to his rough statistics, this month, an estimated 30% of the ordinary shareholders lost nearly 50%, 60% of the losses in the range of 20% ~ 10%, only a few people are basically the same as, or slightly profitable.
It was explained that after the stock market rose too much, in fact, many old investors, in particular the stock market until this year, investors have earned quite a lot. Therefore, in this round of fall in, at most, they killed most of the profits. But the real loss of most, or in the newly settled before the new stock market investors.
Shareholders fairly typical example of Mr. Zhao. By the end of May, Mr. Zhao's support and encouragement of friends accounts into the market. Subsequently the price of 12 yuan to buy the S * ST Xinan. However, yesterday's broad market rebound, S * ST Xinan continued to fall 4%, the stock is only 6.58 yuan, and a month down the loss rate of up to 45%.
Market Review: The stock market invest in a major unbeaten law, that the market panic, I brave, courageous, I panic in the market. In other words, when the markets are in a very fanatical excitement of the time, as an investor must keep a cool head, and even panic in the market; and when the markets are in a time of extreme panic, and perhaps the opportunity is approaching, this when we might get some courage.
This rule, understanding them is very simple. But the real can do and how much? 5.30 Prior to a burst of applause in the market, breaking through 4,000 points mark for the day, hundreds of thousands of people flooding into the stock market, "stealing money." At this point, if a little risk awareness, may be able to survive this crash. But, after all, these people are a minority, has only resulted in 9 into the stock investors lose money results.
Overall Conclusion
After the adjustment will continue to rebound
Through the collapse of the inventory, you can clearly see that, after a huge decline in the adjustment, individual stocks will enter the short-term rebound in time to support such a conclusion there are three basis.
The first is space enough to create a wave of reaction decreases.
Decline from the current range and down cycles of view, has to belong to a rare, even in the great bear market in the year did not show such a situation, oversold stocks shot down the space for a wave of hot money to create an offensive rebound and laid a foundation for and many private main is also an urgent need to help themselves.
Second, the market began with the rebound characteristics of the mentality.
Tape volume in the week, there was greater shrinkage in the bottom of a serious lack of buying, to continue to sell into will only make big money can not be out, a small amount to restore popularity is the inevitable choice, and the new accounts, fell below the 10 million, is also a stock Once again, those classified as dangerous goods outside of the signal, but recall the lively accounts by the end of May when nearly 40 million households, fully equipped with the top features of voices, but Correspondingly, the stock market tend to Kadoba when cold glimmer of hope.
Finally, subtle changes in management attitudes.
Index will soon test the end-point policy of the early 3400, we are pleasantly surprised to find that the attitude of the management of a subtle change began to appear, while continuing to maintain the rapid expansion of new shares, but the new funds have begun to re-start the action, and some worry that the policy of the market has also been clarified, including 1.55 trillion special treasury bonds and the Interim Measures for the transfer of state-owned shares.
Rebound will evolve into reverse it?
That investors must also be cautious, medium-term adjustment, they will continue.
From this round of the decline in capital flows point of view, part of the medium to long term funding there is a clear sign of profit out of the game, both QFII funds, but also domestic funds, and many domestic into the real estate market, resulting in the recent real estate market warming, and if the market without further adjustments, I believe these funds is difficult in the short term return to the market, the market can not expect the loss is not small, experience a lack of new investors into force in the first half of the retail sector over the scene difficult to come by.
On the other hand, the policy of the top 4,300 points, after the second confirmed, has formed a substantial impact on the market, whether it is a massive amount of high cumulative change hands stuck disk, or the policy of the psychological pressure on the top right of investors are to the main funds are not renewed upside in the short term, continued volatility in the low to obtain low-cost chips changing hands should be a more practical approach.
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