Category: Money tips Release Date: 2006-02-05
Source: Tang Xiao-wu Huatai Securities
Tuesday morning market in the steel, auto stocks, led by Shanghai Composite Index opened higher extended yesterday's strong rebound, after a pulled after oscillating trend. After opening the afternoon of the real estate stocks as represented by Vanke suddenly pulled up to promote the index to rebound in 4284 second highest point, the poor performance of other blue chips, some ST stocks appear in the drop position, to the late time of rapid diving index, the index finally closed at a small Yinxian, the KLCI to close at 4210 points, on turnover of 143.4 billion yuan, Shenzhen component index to close at 14191 points, on turnover of 77.7 billion yuan.
The most recent stock market in 3900 near the lateral two weeks after finishing a strong break and hold 4,000 points, after two large Yangxian upside to the previous high of 4300 near last Friday issued real estate and banking stocks led force, other types of also appeared to make a technical broad based stock index rose about 4% appears to Monday stocks in iron and steel, coal, nonferrous metals, and automobile industry, driven by continued cyclical rebound in capital separate ways Admission is apparent rebound action. Market began to rebound Tuesday continued the trend, steel, nonferrous metals, automobiles continued to the previous day's strong pre-market adjustments for such industry big time down the other, which reported significant increase in performance, so a natural object of pursuit of short-term funds to afternoon, the real estate speculative funds began to pull Taiwan stocks end, the index touched 4284 points, slightly lower than the previous top of the 4,300 point position. Recent real estate and financial stocks rebounded in the best performance, we believe that reason is that excess money, credit expansion and hot environment of the first half of the capital markets, banks and insurance companies to greatly enhance the performance, in order to provide a strong recent financial stocks foundation. Real estate because of the current real interest rate is negative, sufficient capital in the absence of a better investment after the inevitable choice for the direction of real estate, as long as the interest rate is not too much money to suppress the recent rapid increase liquidity in the next 1-2 years, house prices will inevitably continue to rise, Therefore, performance of certain outstanding real estate companies, agencies Masukura real estate stocks is not difficult to understand. Shanghai market turnover increased from 500 billion to 150 billion or so, the market showed a continuing upward pressure on heavy volume too large.
The third of this market has been hit 4300 points in the vicinity, K-line forms and shapes, triple top pattern, in accordance with the principles of conventional technical analysis indicators retreated after the formation of triple top, especially considering the second half of the national economic slowdown and a new macro-control, the end of this rally more likely after the index continued to test a low, investors should pay attention to control risk. Fall in the future market rebound has been shown through several financial, real estate classes focus on promising varieties of blue-chip of the Fund, once the broader market stability in the two kinds of stock in the next Quote of the industry should continue to be optimistic.
