First acts of the eight markets work what Money Tips

Category: Money tips Release Date: 2006-02-15

Forward-looking analysis of the market once again be verified, Hu Zhi pointed out yesterday that the impact of the high points will be up again today, the index yang breakthrough; last Wednesday in this column do not forget to remind investors of the risks attendant, Thursday indicated that a central line profits locked full pursuit of compensatory growth stocks, large stocks rose this week, a substantial plate diving, compensatory growth continues to be active low-priced stocks, concerns of risk aversion in this column. October 10 recommended new high precision up to 600,577 shares after the oscillation, or more than 20%. September 29 recommended by Jilin Chemical Fiber 000420 continued strong involvement of the broader market investors to avoid the risk of diving.

In the broad-market index stocks have under the effect of lift, today's Shanghai and Shenzhen cities has launched the new high-impact, leading indicators Shen Chengzhi has hit a new high closing round of Quotes, Hu Zhi, only a mere 3 points in the distance, suggesting short-term market Refresh if no longer under the high, but the volume but there is no amplification, even yesterday's Shanghai stock market there is a little amount of shrinkage, just over 20 billion yuan, we believe that the current market is still in a complex long-short conversion stage, afternoon's index is still hope to continue to expand up space, but space will not be great, and the upward pressure increases, the opportunity will also be operable gradually reduced, but is not yet fully bearish, short positions to wait for the stage, the investment are still active in the use of hot spots to capture profit opportunities. Today has been quiet for a time line of the target shares started to become the largest multi-power, attracted a lot of money sought after, the underlying causes of this phenomenon of what operations can be for investors What enlightenment?

September 21, China Industrial and Commercial Bank, through the HKEx hearing, September 26, Fashen Wei of China Securities Regulatory Commission to review and approve ICBC's A shares starter, October 19 (that is tomorrow, Thursday) will be online issue of domestic purchase, October 27 to "A + H" mode simultaneously in Hong Kong and listed on the Stock Exchange and Shanghai Stock Exchange. According to statistics, the bank created a market in the first eight, that domestic enterprises for the first time the completion of A + H sync issue, the world's largest IPO, A-share market the largest market capitalization, the first large-scale introduction of A shares issued in the strategic placement for the first time the introduction of the Green Shoes mechanism, for the first time a creative solution to the synchronization of information both inside and outside the issue of disclosure, the introduction of the first analyst meeting in the form of issuing the first time in H shares with pre-disclosure mechanism, etc., can be said that such an unprecedented, huge scale of super-aircraft carriers the issuance and listing in the market will inevitably have an important role, we believe that the issue of the bank will bring to market several significant impact and change.

First: the overall value of the central market continued to international standards, Stock division will be exacerbated.

ICBC issuing and listing to the introduction of A + H model, will largely reduce the A shares and H shares of the gap between the share price. From a historical point of view, for a long period of time, A share price is much higher than H shares, are subject to change since 2003, the two become closer than stock, especially since the work of stock reform, in part A share price is lower than H shares, forming the so-called upside down, some "returnees" Stock prices smaller. We believe that with the introduction of A + H model, the level of market valuation on the inside and outside the impact will be reflected imperceptibly, that is, over time, A shares and H shares of the gap between the stock price will be Yuelai The smaller, and that this change will also be extended to the entire A-share market valuation, so that the hub of China's overall value will continue to international standards, and along with the domestic stock market continues to open up, QFII number and scale of investment companies growing, more foreign distribution of the shares return to A-share market is bound to make the pricing of A shares tend to be more international, a corresponding adjustment to bring the market's overall valuation, resulting in the differentiation of individual stocks will be more serious.

Second: is expected to herald the advent of large-scale expansion of the market outlook, financial pressures led to Quote evolution more complex.

ICBC's success for the issuance and listing of pre-reduced rate management has to play the other new stock issues, then once the end of the ICBC issued, or after the successful listing, was the impulse to suppress the financing will be released from the intensive, and, with the rhythmic release further market-oriented, which may directly bring about the end of this year, a financial high tide. At the same time, according to statistics, from October to December lifted the number of outstanding shares each month more than 20 billion market capitalization is related to circulation of 100 billion yuan, however, from the supply side of funds analysis, due to release the first half of the amounts of many large-scale , while the overall market funds are still in a relatively well-off stage, therefore, also be able to withstand a large extent, the pressure of expansion, but investors must be recognized that expansion brought about the negative effects of market trends, especially in the already rising 80%, there is a huge profit when the disk, so afternoon market operation will be more complicated.

Third: the value of the discovery of blue-chip lead tape to guide flow of funds to continue to blue-chip group.

With 13 billion A shares, 354 million shares H shares, the ICBC listing, of course, the domestic A-share market will be the most important heavyweight, for a large number of institutional investors, will inevitably be a large-scale adjustments to positions coping strategies, This will definitely trigger a response throughout the blue-chip stocks, so in this context, the important position of leading blue chip companies will become more prominent, A large capitalization blue-chip stock market value of the follow-up market will also gradually be raised. Overall, the future of A share market with the continued expansion of institutional investors, as well as institutions led by the growing amount of money, the market for strategic bargaining chip to maintain steady growth in demand would lead to scarcity value of blue-chip chips upgrade. Today the overall strength index stock groups, it is a rehearsal of the blue chips can be clearly found that, in Su Liang market, a considerable number of capital flows to this group, but at the same time, a considerable number of individual stocks but did not respond, which also verify that the first point of serious division in the views of individual stocks.