Category: Money Tips Date: 2007-06-06
Source: Guangzhou Bandung Author: Ling Xue-wen
By the fall of global stock markets, Shanghai and Shenzhen broader market Wednesday to continue to seek support for further downward volatility down, but you can see the market to keep shrinking turnover shows that sell into the current market momentum is relatively weak, a huge drop in the short term is unlikely. In the short term, the market technical rebound may occur at any time, but for the better long-term trend of the market has still not been fundamentally damaged, but whether the investment value of stocks will ultimately be determined by the fundamentals of listed companies, whether fundamentals are Based on realistic performance or future growth expectations. Only look for continued growth and undervalued companies, is the A-share market long-term investment strategy.
[Today's market conditions]
The impact of the global stock prices, the Shenzhen and Shanghai Wednesday China's petrochemical and non-ferrous metal stocks in the ongoing adjustment of the drag plate to further test a low to find support, despite the apparent disk of resistance, but because the market will do more is not strong, the overall adjustment is still at a disadvantage pattern, the final two cities are taken off the stock of small Yinxian hatched at close. Index runs from the day the trend point of view, early on the Shanghai Composite Index opened lower to 1540.64 points, will continue after Tandi, and repeatedly shocks down to find support and a low of 1512.52 points, a slight recovery late. Shen Chengzhi trend is similar to test a low inertia to 60-day moving average in the vicinity, was supported to some extent.
From the disk situation, the two cities stocks rose more or less, broad-market index stocks, Sinopec continues to plummet, the biggest intraday decline in more than 3%; other non-ferrous metal plates continue to weaken, G Lu gold, G Chihong lower limit, G in gold, Jiaozuo Wanfang, G HTC, G Jiang copper sharply diving, index shares and non-ferrous metal plate into a continuous adjustment of the main short recent market pressures. From the table or view, quasi-G shares resume trading and some stocks may be the performance of the reorganization of assets, including stocks of some ST category, Sinopharm shares, your shares of Air China, Pioneer shares, G Hua computers, SUFOMA, G Xintian, within the G cloud, ST large surplus, ST Hongsheng, * ST Dongtai individual stocks and about a 30 daily limit, indicating that after the recent continuous adjustment, Stock Quotes become more active again. Noting, aerospace industry, equipment manufacturing, engineering machinery industry stocks may be more stable trend, such as the G XAC, G Houston, G confidence, Shanghai Mechanical & Electrical, Dongfang Boiler, Xugongkeji, Hebei and other undeclared work. On the whole, after the recent continuous adjustment, the market demand within the rebound more strongly.
Wednesday, the Shanghai Composite Index opened to 1540.64 points, up 1540.64 points, the lowest 1512.52 points to close at 1531.33 points, down 17.16 points, or 1.11% on turnover of 17.787 billion; New Composite Index (000017) opened today at 1285.62 points, the lowest point of 1262.34 up 1285.62 points to close at 1278.29 points, down 15.01 points, or 1.16%, turnover of 12.719 billion.
Shen Chengzhi opened 3976.66 points, the lowest 3904.32 points, up 3976.66 points to close at 3938.76 points, down 66.08 points, or 1.65% on turnover of 11.416 billion. Shenzhen, a new index (399.1 thousand) to 1582.14 points, opening morning, the lowest 1551.80 points, up 1582.14 points to close at 1571.40 points, down 20.53 points, or 1.29% on turnover of 8.871 billion.
[Today In news]
Wednesday mainly in the following several news worthy of investor attention:
1, self-employed broker shall not purchase shares by the underwriters. China Securities Regulatory Commission yesterday issued two circular calling for strengthening the capital purchase, and underwriting business management and risk control. The circular points out, to prevent securities companies and securities business operation of the Department, through such means as misappropriation of clients unlisted trading settlement funds, thus affecting the normal investor purchase. Securities companies can not self-purchase by the underwriters of the Company's stock.
2, more than Bacheng refinancing companies choose to be private. In about 70 listed companies announced refinancing plan, more than Bacheng companies to choose a non-public offering this approach, and more than 10 companies have been officially submitted to the SFC materials. According to industry insiders, the re-financing and major shareholders to subscribe to combine high-quality assets, as well as the overall market for the purpose of the non-public offering, may be more affected by the support of all.
[1] [2] Next Page
3, 1093.6 million, G 31 to open restricted circulation of selling a precedent. To change the company's first stock G 31 (600031) today announcement, the company sold 1093.6 million shares of restricted circulation of about lifting restrictions on June 19 into the secondary market liquidity.
4, the appreciation of the RMB exchange rate once again flirting with 88 points, 8. Yesterday's interbank foreign exchange market U.S. dollar against the yuan central parity rate of 8.0073 yuan, the yuan central parity exchange rate appreciation in Monday on the basis of 88 points.
5, one-year CBF 15-month interest rate hit a new high. Yesterday the central bank issued a one-year tender bill rate rose to 2.48%, the highest 15-month high.
6, Shanghai aircraft carrier at the end of the food industry for listing or privatization of the five listed companies. According to reports, the municipal government and the Shanghai Municipal Committee led by the SASAC, the Shanghai Sugar Tobacco and Wine Group Ltd., NGS (Group) Co., Ltd., Bright Dairy, Jinjiang Food and Maling Aquarius Group of companies, including five will set up a new "Bright Food Group." Incorporated into the new group of five large companies involved in five listed companies, including sugar, tobacco and alcohol Group Co., Ltd. Shanghai, a subsidiary of G Foods (600,616); NGS's G-City (600837), G Haibo (600,708); light Dairy (600,597) and Maling Aquarius, and its G-Merlin (600,073).
[Afternoon Brief]
By the fall of global stock markets, Shanghai and Shenzhen broader market Wednesday to continue to seek support for further downward volatility down, but you can see the market to keep shrinking turnover shows that sell into the current market momentum is relatively weak, a huge drop in the short term is unlikely. Observed disk can be found today, the broader market continued to fall with the index stocks Chinese petrochemical and non-ferrous metal plates have a greater relationship adjustment. In particular, China's Sinopec in the May 15 hit a high of 7.52 yuan after the shock all the way down to the market sentiment caused by a larger blow, but also a drag on the index effect is obvious; on the short-term stock performance, through the After falling for the short-term attention should be given the supporting role of technology in the first half-line. In addition, non-ferrous metal plates and other pre-callback is also a recent major hot spots continue to short the market a major driving force. On the short-term, broader market decline in a row made the market through short release of kinetic energy to get better, in the psychological support of 1,500 points, an integer before the tape does not rule out the possibility of the emergence of technical rally.
Recalling the current round of rally can be found, the Shanghai Composite index fell below 1000 points higher since the repeated shocks, particularly from December 6 last year, since the broader market continued upside, but not by the current round of rising Quotes expectations overall profitability of listed companies growth will bring, but commodity bull market, share-trading reform of the institutional factors as well as the appreciation of the renminbi revaluation of assets brought by these three power-driven strong rally. After several sharp market rise, the current valuation of the overall level of the static markedly improved. At the same time the second half of the market will face strong pressure from expansion, coupled with macro-economic policies and the overall profit growth of listed companies, the fundamentals are still there is a certain uncertainty, afternoon operation of the market trend will be more complicated. Short-term broad market is to build a "M" appears the first or the pattern of high shock box, or a callback after a short re-strength remains to be seen. In the short term, the market technical rebound may occur at any time, but for the better long-term trend of the market has still not been fundamentally damaged, but whether the investment value of stocks will ultimately be determined by the fundamentals of listed companies, whether fundamentals are Based on realistic performance or future growth expectations. This author has repeatedly emphasized that only look for continued growth and undervalued companies, is the A-share market long-term investment strategy.
Previous [1] [2]
