Category: Money tips Release Date: 2006-08-01
Tiger does not doze is certainly not the Bing Mao, the elephant is not slim but still able to dance the broader market warmed to the promise of blue-chip one will be able to break Qian Qi. Yesterday, Sinopec, Bank of China, Datong-Qinhuangdao railway, China Unicom, China's Air China and other old and new blue chip collective hair force, the Shanghai Composite Index 1,700-point mark once again send U.S. troops.
A very long time, against the big blue-chip concept gradually blurred and even forgotten. The Bank of China in particular, from the opening plummet to 4 yuan, the Chinese Air opening break, so that the so-called large cap blue-chip investors shunned. But yesterday, it seems that all earth-shaking changes have taken place. From a single individual stocks, China's Sinopec a continuous increase can be attributed to the share reform program of good and privatization, Air China rose can be attributed to the drop in international crude oil prices, but other blue chips of the linkage, but had thought-provoking.
Historical experience shows that the collective impulse to nothing less than the broader market of blue-chip two results, one to assume the important task of research, one is a cover for the withdrawal of funds market speculation. Read from the current index, the Shanghai index Bing-Lin 1700 points, a slight recurrence of blue-chip power, is likely to break. From the current market conditions to see the broader market of blue-chip seem to have made the conditions of force, and that is Metal Exchange launched in Shanghai and Shenzhen 300 stock index futures, because of their sample stocks from the Shanghai and Shenzhen Stock Exchange listed stocks in all the scale and liquidity 300 most representative stocks, blue chips lead the market for these greatly increased the demand for chips, thus promoting its rise. However, the market is always contrary to most people expected, rose today to tomorrow, can also be dropped. Although we have seen on the blue chip index futures chips have a certain stimulus, but since we can not ignore the futures, that is, the beginning of a two-way mechanism to make money, holding a large number of chips can be long, today the main force tomorrow, could also turn against into a short.
In addition, yesterday's rise was also expressed for the manipulators in order to meet the ICBC listing marks. Because of the Bank of China a lesson, there is news that the bank issuing new shares will be based on 1.7 times the average book value of the level of large international banks, while Bank of China for the issue price of 2.09 times book value. Because ICBC is the leader in domestic banks, industry monopoly profits and decided to issue such a low price will be possible to avoid the embarrassment of the Bank of China also made a lot of investors believe that ICBC's IPO plan will have a huge potential from bad to neutral Even positive change. However, even at 1.7 times book release, A-share market should also bear the 17 billion shares of nearly 460 billion yuan pressure. We should know that Bank of China made more than 6.4 billion shares, the ICBC is its three-fold.
There is a phenomenon worthy of the attention of investors, it is in these elephants dance at the same time, a hot plate pre-real estate, non-ferrous metal industry, none of how to respond to the Olympic Games. The market will repeat the cycle of passion after the curtain call it? I hope not. (Send
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