Category: Money tips Release Date: 2006-02-27
Source: Ling Xue-wen Guangzhou Bandung
Synopsis: After the recent continued to fall after the Shanghai and Shenzhen broader market weakness Monday bottom, bottoming out of the situation; in which the Shanghai Composite Index Budie in some species, dragged down by a strong test a low inertia to 3724.19 points, due to sell into kinetic energy apparent convergence, Yao City in the capital driven by bargain-hunting pick-up in heavy volume. The investor should note that Monday hit the market since April of this year "deal to the amount of" levels, according to "in the amount of land" principle, the Monday low of the market can become a turning point in the near future and thus begin to stabilize rebound caused by the market's attention. From the margin of safety point of view, on the one hand the overall valuation of blue chips still have a certain advantage, while its performance growth is expected to also become clear, together with the future launch of stock index futures, will further enhance the Shanghai and Shenzhen 300 index of the mobility of the sample stocks , and therefore the weight of the market on behalf of blue chip varieties worthy of further follow-core assets concerned.
Today's market conditions
After a recent losing streak, after Monday broader market weakness in Shanghai and Shenzhen bottom, bottomed shape, respectively, in Shanghai and Shenzhen stock taken off the shadow line of small cross-Star Yin Yang Xian and closed, the two cities combined turnover of about 136.486 billion, This is a contract since April this year, the level of land supply. Index runs from the day the trend point of view, early in the Shanghai Composite Index opened 3800.23 points, and slightly once Mogao to 3859.86, after finishing point, but in some species Budie strong drag, the index re-bottom, the lowest intraday dropped to 3724.19 points, but obviously as the market sell into kinetic energy of convergence, Yao City in the bargain-hunting driven by heavy volume of funds recovered to close at the end with red disk. Shen Chengzhi trend slightly less, and has continuously received a two Yin Cross star, more obvious signs of short-term stabilized.
From the disk situation, the two cities most of the stocks rebounded, in which the Shenzhen market, the ratio of 389:244 Number Change, Change Number of the Shanghai market ratio of 536:331. Or table, the Aucma, Dacheng shares, Lu silver investment, Nanfanggufen, Fosugufen, public science and technology 53 daily limit of non-ST stocks. View from the hot plate, 3G concept, energy-saving environmental protection, new energy, textiles and other performance more active. Worthy of investor attention is part of the weight of blue chip varieties, such as Yangtze Power, Minsheng Bank, China Unicom, Baoshan Iron and Steel shares, etc. are active in stabilizing the market sentiment has played a positive role. Drop table, part of the strong variety noticeable Budie market, such as the Eastern Group, Taiyuan Heavy Industry, Aeolus, Zinc Industry and so on.
Monday, the Shanghai Composite Index opened to 3800.23 points, up 3859.86 points, the lowest 3724.19 points to close at 3836.29 points, up 15.59 points, or 0.41% on turnover of 91.204 billion; Shen Chengzhi opened 12,492.71 points, the highest 12,675.60 points, the lowest 12,145.00 points, close of 12,475.16 points, down 71.29 points, or 0.57%, turnover of 45.282 billion.
In news today
Mon mainly investors to focus on the following information:
1, Shanghai and Shenzhen stock exchanges were recently issued a circular calling on the Shanghai and Shenzhen and the Shenzhen Stock Exchange main board listed companies, medium and small plates in this semi-annual report, the disclosure of corporate holders of other shares issued by listed companies and securities investments, as well as shares of non - listed financial enterprises to be listed companies, so as to further meet the needs of listed companies tradable market environment, information disclosure requirements.
2, Central Card Index Limited developed the Shanghai and Shenzhen 300 Index, today officially released the industry series, including 300 energy, 300 materials, 300 industrial, 300 finance 10 sectors index was also unveiled. This is the first release of the CSI in accordance with international standards for the preparation of investment-oriented industry index.
3, according to the International Monetary Fund (IMF) recently released data show that the central bank's dollar reserves in the world's first quarter of 2007 increased by 4% to a record 2.24 trillion U.S. dollars, but the dollar in the global foreign exchange reserves, the proportion of the share of the drop to about the lowest level in a decade.
4, the size of securities investment funds continue to grow rapidly. According to information provided by the Wind statistics show that, as of June 30, 2007, has been revealed that the net asset value data, 53 fund companies 290 Total net asset value of the fund reached 1.507733 trillion yuan, representing the end of 2006 surged 76.96%.
5, the PBC authorized the China Foreign Exchange Trading Center announced July 2, 2007 interbank foreign exchange market trading currencies against the U.S. dollar central parity of the RMB exchange rate: 1 U.S. dollar against 7.6075 yuan. 8.11 when the exchange rate reform in accordance with the exchange rate calculation, the accumulated appreciation of the RMB exchange rate reform has been more than 6.6%.
Comment on market outlook
After a recent continued to fall after the Shanghai and Shenzhen broader market weakness Monday bottom, bottoming out of the situation; in which the Shanghai Composite Index Budie in some species, dragged down by a strong test a low inertia to 3724.19 points, due to sell into kinetic energy of apparent convergence , Yao City in the capital driven by bargain-hunting pick-up in heavy volume. The investor should note that Monday hit the market since April of this year "deal to the amount of" levels, according to "in the amount of land" principle, the Monday low of the market can become a turning point in the near future and thus begin to stabilize rebound caused by the market's attention.
In the article, I talked about the previous session, resulting in a continuous adjustment of the recent market factors mainly include two aspects: First, news coverage and the policy side effects, such as issuing 1.55 trillion special treasury bonds to reduce, stop collecting interest tax and so on. Second, the market needs of the internal restructuring to rationalize stock price already imbalance in architecture, as well as structural foam squeeze an inherent requirement of the market to adjust. From the first factor, the Ministry of Finance official said that 1.55 trillion special treasury bonds to the macro-economic policy should be neutral measures for the issuance of special treasury bonds to purchase foreign currency, it will increase the national debt held by the People's Bank, which means the Ministry of Finance will take the form of issuing targeted to the central bank to issue special treasury bonds. Ministry of Finance, the person in charge of this statement will undoubtedly help ease the market panic. For the second factor, 5.30 through the fall and since the volatility, the market phenomenon that has been greatly overestimated the structural relaxation, can be said to have been rationalized to a certain extent, structural imbalances in the system.
Objectively speaking, a row index after the recent sell into, the market is indeed short of energy to be a greater degree of release; At the same time, due to continuous sell into and the recent series of negative news made the market suffered a more serious blow to confidence, leading to market sentiment tends to slack in the short term a strong counterattack Quotes organization still not a reality. Of course, if only from a technical point of view, a gradual decline over the last few trading days of volume shows that short-term market momentum almost short failure, in particular, created a Monday in April to the amount of the transaction since Quotes levels, further indicates that the market sell into kinetic energy has been a marked convergence, there are technical rebound in the short-term requirements. In fact, Monday's performance of late has meant that the current point position for the short-term bargain-hunting fund already has a great attraction.
From the specific operations strategy is concerned, I believe that the current phase of the first blind unfit to continue to sell into positions varieties should be treated differently. Due to a variety of negative factors, profits are surging out of selling pressure and market the rapid spread of panic, making some fundamental support for the variety also suffered manslaughter. I believe that once the market panic eased, related to a strong rebound in stocks is bound to expand. From this point of view, the fundamentals support a good variety of funds are expected to be short-term bargain-hunting focus of attack objects. Noted that the recent weight of the overall performance of blue chip varieties are more robust, with good defensive play; if the safety margin from the point of view, on the one hand the overall valuation of blue chips still have a certain advantage, while its performance growth is expected to also become clear, together with the future introduction of stock index futures, will further enhance the sample of stocks in Shanghai and Shenzhen 300 index of liquidity, and therefore the weight of the market on behalf of blue chip varieties worthy of further follow-core assets concerned.
