Category: Money tips Release Date: 2006-04-09
Source: Hanson Securities
July 24, benchmark Shanghai Composite Index opened at 4238.32 points, after hitting a high point of 4284.83, the lowest 4192.72 points, closing at 4210.33 points, down 0.07%; Shen Chengzhi opened at 14,260.09 points, after hitting a high 14,483.97 points, the lowest 14,087.62 points, closing to close at 14,190.97 points, up 0.37%. Board a total of 221.6 billion yuan traded between the two cities, with the previous day's decline in same period last year. Shanghai rose: 314 plate: 58 dropped: 468; Shenzhen A rise: 207 plate: 79 dropped: 332
Shanghai and Shenzhen stock markets opened higher early small, fast, on impulse to maintain within a narrow range after the surging demand. Today, the two cities yesterday's trading volume has decreased. After two days of consecutive stock prices are already close to pre-technology, high volume shrinkage of part of the funds that the market is cautious wait and see attitude. In the afternoon, the market continues to long the market, but the late has been diving, the two cities on the index are harvested with long shadow line, Yin-chu, and the afternoon high at the early stage to maintain a high vibration, indicating that although the index received from the technical pressure, but in Finishing poised ready to sudden high, real estate plates continue to be strong, steel and real estate section is rally round the main driving force.
After 2 months of the adjusted close to the end of the current round of adjustment, but because the short-term ascribed to too hasty and temporary shocks also need to look at, but after the shock will likely launch a new round of rising market, but, even if there back again stressed that the rates are very limited, estimated at 4118 points at the top and then confirm this can start a new Quotes.
Stock aspects: As the broader market late diving implication of individual stocks rose more or less, the majority of stocks in a narrow rocky total of 16 stocks daily limit, up substantially reduced. , Judging from the stocks, stocks rose more or less the two cities by the late result of diving. In the afternoon, Bank of Ningbo, China Merchants Bank and Minsheng Bank and other banking stocks led the broader market once pulled strong, ascribed to around the corner, but the stocks are in late fall, to close out the long-doji.
Look at the current situation, with the bad news gradually digestion, investor confidence is gradually restored. Taking into account the appreciation of the long process of the renminbi as well as domestic savings moderate inflationary pressures, I believe the stock market will remain the preferred place is host to a fund. And as real estate, finance, non-ferrous and other resource stocks will remain strong Hengqiang continue to perform bright Quotes. Today, 2:10 or so, broad market began to dive. This is the main force field deliberately arranged. 2:00 heavyweights pulled the former institution, the use of indexes, and then backhand short heavyweights, led the market's dive. This is to break through previous highs and poised to do Xi Pan. A new high of necessity, Xi Pan to fear.
Restorative tape up to remind you is an inevitable process! Investors should remain calm and rational face of short-term fluctuations in the market. Bull market correction will not change the fundamentals, the stock market boom that require reason! Today's broad market support points and attack points and my prediction is almost yesterday, forecasting a strong short-term shocks broader market will continue to rise, is expected to challenge the early high points, but beware of stocks shot up after differentiation. For investors with short positions, or Qingcang in steep decline in Jiancang. For the central line have not changed my point of view, I think: after a short tape will be adjusted in the real estate finance non-ferrous metal, etc. plate quick re-station under the leadership of 4330 points , and attack my forecast at the beginning of 5000-point mark .7 25 will test the 4168-point area, it should be 4148 - 4128-point line to be supported! and thus will re-up attacks on 4336 --- 4300 points. China's stock market bull market in the process will inevitably go on, investors need most is a value investment philosophy, selecting individual stocks and the seize the opportunity and equally important significance. Should increase the study of corporate fundamentals, and to grasp the fundamentals of business and mastering the fundamentals of the market considered together, thus making their investments more rational and more forward-looking sense.
