Category: Money tips Release Date: 2007-04-20
Source: Ling Xue-wen Guangzhou Bandung
Abstract: hit a record high by Shen Chengzhi strong encouragement, Shanghai and Shenzhen stocks in Wednesday under the impetus of incremental funding to continue to shock upside, the basic performance of the day higher for high-opening shock of the situation, which continues to refresh 13,984.59 points, Shen Chengzhi The all-time high, the Shanghai Composite Index approaching 4200 points further integer mark. Obviously, with the stamp duty rate of increase of the negative impact caused by the further digestion, and the Bureau of Statistics May CPI data is widespread concern that the market may take the management of negative factors such as raising interest rates gradually clear, short-term market has been suppressed passion to do more than resurgence of the final formation of broad based disk situation, and to promote the two cities indexes higher. As the index has risen further since the Shanghai Composite Index will soon face pressure from pre-high technology, coupled with the recent successive short-term upside of the accumulated profit and the realization of chip pressure and Wednesday left index gapped upward gap is likely to increase upward pressure on market outlook index, and therefore do not rule out the existence of short-term broad market demand for digestion and finishing, resulting in increased stock shocks. Therefore, from a practical operational strategy, the authors remind investors pay attention to the operation of rhythm; also should pay close attention to news coverage and disk hot spot changes.
Today's market conditions
Shen Chengzhi reaching record highs in the previous session, inspired by strong, broad market Wednesday both Shanghai and Shenzhen and maintain Tiaokonggaokai shock upside momentum, the two cities re-stock gapped up close Yang and leave a gap, all-day total turnover of about 346.173 billion, turnover and further amplification. Index runs from the day the trend point of view, early in the Shanghai Composite Index opened 4110.74 points, and slightly later, after finishing all the way upside concussion after hitting a high shot up to near the 4200-point mark an integer 4193.45 points to close at 4176.48 points. Shen Chengzhi, following the previous session, after reaching a record high today, continues to shock upside, and refresh-time high 13,984.59 points, under pressure from midday on profit-taking has to fall back and close out onto a small Yangxian hatched.
From the disk situation, the situation stocks broad based, including the Shanghai market Change Number ratio of 761:97, Shenzhen market, the ratio of 555:84 Number of Change. Or table, the daily limit the number of individual stocks increased significantly, the two cities a total of 130 non-ST stocks daily limit, including the Kam-based chlor-alkali, Shaanxi Jinye, aerospace technology, the number of source technology, Jian-shares, Luoyang Glass, engineering major initiative, Jiangsu, Wu, etc. . Specifically, the textile, paper, real estate, environmental protection, food, tourism, aviation and other home loans to borrowers have good gains. Chongqing Municipality and Chengdu by the establishment of a national comprehensive reform pilot urban and rural areas to stimulate, Cheng, Chongqing District where the two listed companies, sought after by the continuing market, such as the Three Gorges, Chongqing Department Store, Chongqing Road & Bridge, Yu Sanxia, Chongqing, Hong Kong and Kowloon and so on. In addition, some reorganization of assets or assets with the subject matter into the unit also has outstanding performance, such as China Petroleum Chemical Building, Tian-bao industry, aerospace technology, Hing Fat Group. Investors should be concerned about, including banks, including the weight of plate stock indicators also showed a visible transaction, such as the Industrial and Commercial Bank of China, Bank of China, China Unicom, China Merchants Bank and so on, these indicators worthy of further tracking the performance of stocks.
Wednesday, the Shanghai Composite Index opened to 4110.74 points, up 4193.45 points, the lowest 4102.04 points to close at 4176.48 points, up 104.34 points, or 2.56%, turnover of 223.878 billion; Shen Chengzhi opened 13,683.65 points, the highest 13,984.59 points, the lowest 13,671.07 points, close of 13,811.48 points, up 231.76 points, or 1.71%, turnover of 122.295 billion.
In news today
Wednesday mainly in the following information for investors to focus:
1, the Commission yesterday on the "corporate bond issuance pilot approach" to the public for comments. This indicates that the securities regulatory authorities led by corporate debt issuance has basically acquired the operational framework. The initial pilot, the pilot's limited to companies listed on the Shanghai and Shenzhen Stock Exchange and distribution of overseas listed foreign shares in Limited.
2, National Bureau of Statistics yesterday announced in May this year, the national consumer price index (CPI) rose 3.4%. Statistics show that from the month chain perspective, in May compared with the general level of consumer prices in April rose 0.3%. 1-5 months total, the consumer price index rose 2.9%.
3, the PBC announced yesterday the financial statistics show that in May household deposits declined by 278.4 billion yuan, up by 295.9 billion yuan more. In the first in May, RMB deposits increase of 2.48 trillion yuan, up by 333.3 billion yuan less.
4, ICBC chairman Jiang Jianqing said yesterday, integrated management is the focus this year, ICBC's one of the study. In the policy allows circumstances, ICBC will strive for the development of securities, investment firms and insurance.
5 Recently, the CSRC issued to some brokers, "foreign-funded holding companies in initial public offerings in the territory of the pilot approach (Draft)" for the return of red chips A shares initially set the threshold and norms. Accordingly authority is expected If everything goes smoothly, the pilot approach is expected after July 1 officially promulgated and implemented. Meanwhile, the first batch of pilot companies are expected to set foot in July "return" path.
6, the PBC authorized the China Foreign Exchange Trading Center published June 13, 2007, the interbank foreign exchange market, trading currencies against the U.S. dollar and other central parity of the RMB exchange rate: 1 U.S. dollar against 7.6282 yuan, RMB exchange rate breaking the 7.63 mark an integer, and then a new high since the foreign exchange reform.
Comment on market outlook
By Shen Chengzhi strong encouragement to hit a record high, stocks in Shanghai and Shenzhen Wednesday under the impetus of incremental funding to continue to shock upside, the basic performance of the day higher for high-opening shock of the situation, in which Shen Chengzhi continue to refresh the history of 13,984.59 points, a new high, the Shanghai Composite Index approaching 4200 points further integer mark. Obviously, with the stamp duty rate of increase of the negative impact caused by the further digestion, and the Bureau of Statistics May CPI data is widespread concern that the market may take the management of negative factors such as raising interest rates gradually clear, short-term market has been suppressed passion to do more than resurgence of the final formation of broad based disk situation, and to promote the two cities indexes higher.
In the article already mentioned in the previous session, the National Bureau of Statistics data show that in May consumer price (CPI) rose 3.4% in the general level, although the CPI growth rate hit for three consecutive months or exceed the 3% rate hike, "warning line "but noted that the accumulated 1-5 months, the consumer price index rose 2.9%, while CPI rise in May is also significantly lower than the market had widely expected, so the management of short-term interest rates will continue is not very strong. Even if the management to re-introduce the policy of raising interest rates, but also on the short-term market impact is also relatively limited, after all, the market's tightening of monetary policy was long expected. The author has repeatedly stressed that, from the long-term trend, ample liquidity and macroeconomic continued rapid growth of these two fundamental factors will continue to support the A-share market long period.
Is worth noting that, according to the PBC authorized the China Foreign Exchange Trading Center released data showed June 13 transactions such as interbank foreign exchange market U.S. dollar exchange rate of currencies against the yuan central parity as follows: 1 U.S. dollar against 7.6282 yuan, breaking the RMB exchange rate 7.63 integer pass, and then a new high since the foreign exchange reform. The various public knowledge, appreciation of the RMB is also the A-share market strength to promote the fundamental one of the factors, from the neighboring countries and regions of the experience, the continued appreciation of the currency, directly or indirectly contributed to the prosperity of the capital market. According to the authoritative agency estimated that the RMB appreciation and the Shanghai Composite Index also exist between the significant positive correlation. Prior to that, the inevitable will fully enhance the appreciation of the yuan in RMB-denominated value of the assets, including ownership of real estate assets, the yuan, with the coal mine of resources, financial resources and ownership of real estate commercial enterprises; exchange rate is relatively high debt firms such as Air and trade as well as a higher proportion of imported raw materials or components industries such as paper, steel, cars, petrochemicals, aviation and so on. From this point of view, closely linked to the appreciation of yuan of investment, the investment main line tap investment opportunities in the market outlook is still a major focus.
Wednesday's market from the hot performance, stocks showed a typical pattern of broad based. Ordered from the hot plate can be seen, the textile industry, paper printing, roads and bridges, food, tourism, and other electronic devices XNG. In addition, there are quality assets injection, or injection of assets is expected to have a good variety of subjects also had a prominent performance. Pre-mentioned repeatedly, assets reorganization, listing assets into the overall performance of listed companies increased by leaps and bounds in an important way, the injection of quality assets will increase to a large extent on the valuation of listed companies, so this theme repeated by the market prove to be "tradable" big stage of the hot spots and opportunities in continuing.
Is worth noting that, with the index has risen further since the Shanghai Composite Index will soon face pressure from pre-high technology, coupled with the recent successive short-term upside of the accumulated profit and the realization of chip pressure and left Wednesday indexes gapped up gap, are likely to increase the upward pressure on the market outlook index, so do not rule out the existence of short-term broad market demand for digestion and finishing, resulting in increased stock shocks. Therefore, from a practical operational strategy, the authors remind investors pay attention to the operation of rhythm; also should pay close attention to news coverage and disk hot spot changes.
