Category: Money tips Release Date: 2006-08-16
Source: Guangzhou Bandung Author: Ling Xue-wen
After two consecutive days poised to shock after the Shanghai and Shenzhen market, chose Thursday to break higher, the Shanghai Composite Index has once again broken the uptrend since the current round of new high, which ushered in the opening round of the June Quotes. From the long-term perspective, macroeconomic sustained and rapid growth, yuan appreciation, split share structure reform brought about the investment environment improvement and enhancement of quality of listed companies such as these favorable external and internal factors that determine the A-share market dominant enterprises have long-term investment value. Operation on the afternoon run, investors should actively track the flow of incremental funding, and tap the potential of truly sustainable growth species.
[Today's market conditions]
Today is June the first day of trading, Shanghai and Shenzhen markets ushered in June grand opening. After two consecutive days of high volatility, the Shanghai and Shenzhen broader market Thursday once again showed a strong upside trend, both indexes in both cities reported that Yang Xian income, significantly larger volume, in which the Shanghai Composite Index hit a fresh round of increase since Quotes a new high of 1684.71 points. Index runs from the day the trend point of view, early in the Shanghai Composite Index opened 1639.67 points, slightly lower immediately after the aerospace industry, science and technology, driven by an active hot spots steady climb, breaking through the recent high market sentiment after the resistance to further active close to the final day high of 1684.19 points. Shen Chengzhi a similar trend, although there is no record high, but obviously a strong feature.
From the disk performance, stocks broad based situation, the two cities more than 100 stocks daily limit. Among them, the overall trend of an active medium and small plates, such as Supor, crystal source of electronics, the aircraft Seiki, HEDY Holding, Feiya shares BDO Runda, seven wolves, Kane shares, double-Heron medicine, Dahan gene, Hite and other high-tech, many of which stocks showed Jiashengliangzeng a good trend. In addition, the recent performance is more active in iron and steel, pharmaceutical, automobile, engineering machinery, equipment manufacturing, as well as other airline stocks continued to be the pursuit of incremental funding, such as the G SAIC, Hainan Airlines, G South, G major cold, G Jiang animals G Star Lake, tetracycline, and medicine. In addition, electronic information, communication equipment, electronic components and other technology shares outstanding topics, such as the Shanghai Science and Technology, G in the wide pass, into a hair science and technology, G BOE, Magicstor, Oriental electronics, Zhenhua technology. The recent outstanding performance of the aerospace defense plates continue to be strong, such as the G Houston, G satellite, G Air Letter, G Nagamine, Hafei, G XAC, G flight technology. Noted that, although individual stocks Quotes is very hot, but the index stocks, Sinopec, G Baosteel and other flat trend, in particular has always been a weathervane of the China Petrochemical Quotes rendered within a narrow range of the overall pattern of performance worthy of further tracking afternoon.
Thursday, the Shanghai Composite Index opened to 1639.67 points, up 1684.71 points, the lowest 1635.75 points to close at 1684.19 points, up 42.89 points, or 2.61% on turnover of 38.857 billion; New Composite Index (000017) opened today at 1358.55 points, the lowest 1356.57 points, the highest 1399.24 points to close at 1399.01 points, up 38.03 points, or 2.79% on turnover of 27.539 billion.
Shen Chengzhi opened 4272.35 points, up 4361.00 points, the lowest 4272.35 points to close at 4360.46 points, up 68.36 points, or 1.59% on turnover of 23.404 billion. Shenzhen, a new index (399.1 thousand) to 1666.05 points, opening morning, the lowest 1663.85 points, up 1718.30 points to close at 1718.14 points, up 50.88 points, or 3.05% on turnover of 17.313 billion.
[Today In news]
Thursday mainly in the following several news worthy of investor attention:
1, the central bank: the future of the potential risks of concern in overall inflation. 31, the People's Bank announced the implementation of the first quarter monetary policy report, a quarter CPI rose 1.2%, or to go down steadily. China's future price trend, there are many uncertain factors, but the overall point of view, the upside risks greater than the downside risks, potential risks need to focus on headline inflation.
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2, Baosteel Group, Handan Iron and Steel G Muller. G Handan Iron & Steel announcement said the company was informed that the May 31, Baosteel Group Ltd. and its subsidiaries to hold its shares have more than 5% to 5.0002%. Industry watchers believe that Baosteel is currently described as "move forward and attack back and defend", the matter may be far from being like the two group professed that simple. The two large-scale evolution of the relationship between steel prices are likely to make the resulting layout of the North China's steel industry has changed.
3, funding for the first time the occupants of the collective exposure of 189 companies have been accounted for 33.641 billion. Shanghai and Shenzhen Stock Exchange, today released the "major shareholder of a listed company and its subsidiary companies occupied by non-operating funds Circular (No. 2006)," public disclosure as of May 31, 2006 shareholders of a listed company and its subsidiary companies of non - operating funds and debt settlement occupied by their commitments. According to statistics, as of May 31, the two cities there are 189 listed companies, there are different levels of misappropriation of funds, the total occupation of the balance of 33.641 billion yuan.
4, Yunnan Salt will be issued 70 million A shares of small and medium plates IPO followed. Draw up the rear of old and new small plate IPO tradable shares issued third baked today. Yunnan Salt & Chemical Co., Ltd., today published the prospectus a letter of intent, plans to issue 70 million new shares, which means that the first had raised the size of small board company will once again be refreshed. The offering is expected to begin from June 13, released after completion of the SME board in Shenzhen Stock Exchange listing.
5, Ministry of Land Resources: resolutely stopped and villas for the land. Ministry of Land and yesterday issued a "Further strict land management on the current emergency notice", from immediate effect, cease all villa real estate development projects related to land use land supply and processing procedures. At the same time required that all localities must control the scale of construction land shall not break through the annual plan approved by land.
[Afternoon Brief]
After two consecutive days poised to shock after the Shanghai and Shenzhen market, chose Thursday to break higher, the Shanghai Composite Index has once again broken the uptrend since the current round of new high, which ushered in the opening round of the June Quotes. In a recent analysis of market conditions, the author has repeatedly emphasized that in the medium and long term perspective, macroeconomic sustained and rapid growth (GDP growth of over 9% of high-speed), appreciation of the renminbi (RMB per year rise of 3% -5% of the trend), split share structure reform brought about the investment environment improvement and enhancement of quality of listed companies such as these favorable external and internal factors that determine the majority of A-share market dominant enterprises have long-term investment value. At present, the bullish A-share market long-term trend of the market point of view has been generally recognized. Especially in the context of the appreciation of the renminbi, China's financial market prospects continued to improve. Because of economic and financial history from the point of view, the currency appreciation will normally be accompanied by their financial assets and real estate value. Some experts said that if the estimated 20 percent appreciation of RMB, China's yuan revaluation lasted approximately 6 years or so, during which there will be five years or so the bull market. Of particular concern is the adjustment of the RMB exchange rate and long-term trend in the stock market would constitute a good supporting role, this effort is very likely to be far greater than the economic growth has positive impact on the stock market.
K from the tape-week chart run, the Shanghai Composite Index broke through in the near future and effective in 2001 with 2245.43 points, a rebound in 2004 high of 1783.01 points, formed by the long line of pressure, after last week's strong shocks, the current upward trend is still intact. Disk from the recent performance, aerospace industry, electronic information, communications and other technology subjects, small and medium plates, and other species have the potential of the performance of compensatory growth are very active. I also repeatedly emphasized that have continued to grow, the variety is bound to underestimate the value of incremental funding to attract the active participation of, because although the market for the better long-term trend has been established, but whether they have investment value of stocks will ultimately be determined by the fundamentals of listed companies, including the steady growth in operating results and future growth potential. Operation on the afternoon run, investors should actively track the flow of incremental funding, and tap the potential of truly sustainable growth species.
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