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Data:2009-12-12 2:34
Source: Kim Merrill Lynch Investment
Thursday ascribed to lower broader market. Morning to 4188-point benchmark Shanghai Composite Index opened higher, inertia ascribed to 4208 points. After the tape emerged 10-point dive market, fell to 4106 points by the 5 moving average support after the gradual rebound. Tape is still repeated the afternoon, pulling up late again. Zhong Pan index closed at 4151 points on turnover of 257.2 billion yuan more than the previous day to enlarge a number.
Message surface, following the release of Bank of China Banking Regulatory Commission, Department QDII investment in overseas markets, the "insurance funds overseas investment management approach" will soon be announced China Insurance Regulatory Commission is drawing up relevant implementation details. Chinese government has a two-day Second China-US Strategic Economic Dialogue announced a series of initiatives to further open the financial sector, including the QFII quota from 10 billion U.S. dollars raised to 30 billion U.S. dollars, as well as the cancellation in the second half to enter the Mainland market for foreign brokers the prohibition. With the stock soaring, a number of domestic commercial banks are defined under the China Banking Regulatory Commission late last year, "strictly prohibits any diversion of bank credit companies and individuals directly or indirectly, of funds into the stock market" spirit, increase the daily operation and management of credit and inspection to prevent the illegal funds into the stock market. In addition, the Shanghai Securities News and Guotai Junan Securities Research Institute released the latest issue of the monthly report showed that China's securities industry, with the volume of securities transactions to continue to enhance and fast-paced issuing new shares, the securities industry has entered an unprecedented period of rapid development, if the former the level of market transactions in April until the full year, net profit this year is expected to reach 73 billion yuan brokerage, close to last year's 3 times. The second half of margin trading, financial futures and other new services have launched will be the broker to start a new round of reshuffle of the opportunities and the strength of the watershed divide.
Secondary market, Thursday broader market wide shocks. As the morning with ICBC, Bank of Shanghai Pudong Development Bank, led by compensatory growth plate appears broader market once easily crossed the 4200-point mark. Continuous rolling air market information management do not want to see, the recent introduction of the regulation of several relevant policy seems to be useless for the crazy market. Morning index rose too fast, causing investors bad management will put more hard-line policy concerns, a large number of profit-plate fast gush. Oscillation by more than 100 points intraday, the turnover from the larger point of view, long-short near the two sides in 4200 there is a huge difference. Intraday stocks show extreme differentiation, Qi Cheng shares fell. Indicators of bank stocks, led by shares of the start of the main re-demonstrated the Fund make a difference. Though many of these stocks rise, often fall in pre-active species at the expense of this phenomenon in the broader market, after crossing 3,000 points, the frequent occurrence of investors, which seems to have become accustomed. Pre-adjustment of the shares of brokerage deeper punched a nice turnaround species. Liaoning Fushun, Liaoning contrarian limit-National Cheng Kung University, Chinese University of shares, mass transportation or washed to the forefront. In addition, power plate, plates and other chemical species in the first quarter optimistic about the performance of the Fund was also quite resilience. While most stocks fell today, but excluding ST varieties, the lower limit of the stock did not appear, but the two cities have more than 40 limit-hit stocks, showing pit trading is still active, high stock shocks are expected to do not on the floor to do too much more positive impact.
Taken together, Thursday broader market fluctuate between the two cities near the stock to be in 5-day moving average support. Profit within the ranges set to be re-cleared, which is more favorable for the afternoon of living well. Bargain-hunting fund is currently still active, the market confidence in the more stable, is expected to continue repeated shocks afternoon broader market, the overall upward trend will not change. Comprehensive judged: read more
