Category: Money tips Release Date: 2006-09-14
Although the A-share market last weekend, could not be sustained upside, but the overall look, A-share market is still in a strong sideways, the bulls still be able to better grasp the financial markets, the initiative, it appears that one of the A-share market this week, is still expected to reproduce the trend of the red Monday.
The new changes in capital flows
From the view of the recent disk, A-share market capital flows have emerged two major changes:
The first part of the hot money out of third-line stocks, and gradually shifted to lower transaction costs, non-stock varieties, such as warrants, closed-end funds. These two species also in a strong buying, driven by the emergence of a wave than a wave of blowout Quotes. At the same time, there have been one after another of "Kuangshi wonders," such as the Wu Liang YGP1 exercise price was 5.63 yuan, but it did not expect the current market price of the species reached 8.15 yuan, market value exercise price of super-hop is indeed a "strange status quo, "this also shows that the current level of hot money speculation insane.
The second is a gradual shift from three-line stock funds out into the high-priced shares. Third-line stocks such as garbage ST shares shares meager profit shares rebound fatigue from time to time appear in the drop front table. At the same time, a group of high-priced stocks higher again, Maotai, Hudong Heavy hundred shares, etc. can also be easy to pull Changyang limit-even. Such changes in capital flows shows that the market is no longer afraid of heights, but also shows additional funds through the purchase fund of the path into the stock market, rather than continue to flow into the ranks of third-line stocks. Such high-priced shares of capital moisture, the shares of becoming more active. The high-priced stock price of space open, also means that the market bounced up space for more imaginative.
Monday will be to reproduce the red
Therefore, the industry believes that the red on Monday, is expected to remain relatively optimistic. A-share market last weekend, the shock, mainly because there are sensitive to regulatory policies introduced over the weekend worried about money, so do more passion declined, but in fact the media have remained silent over the weekend, so last week is expected to restraints control policy hands and feet of the capital, is expected to do more this week, a release of energy, the market and this could form a new round of buying power to promote the broader market appeared strong Quotes.
The new flow of funds is also conducive to red tape on Monday. The Awkwardness of Fund of funds represented by the gradual flow of the medium and high priced stocks, a positive force for the formation of two ways: one is at the core of Awkwardness of Fund shares at high prices is itself a heavyweight, indicator stocks, especially bank shares, petrochemical stocks, as well as Guizhou Moutai represented hundred shares of the club members were the case, therefore, of such stocks in the funds under the repeated high moisture is expected to drive the market's strength; the other hand, because the inflow of capital into the high-priced stocks is also conducive to stimulating long passionate fighting spirit, which spawned a new wave of high-priced stocks rise market, in which small and medium plate is again active in the near future. All these show that the market is expected to usher in high-growth market, and thus echo the board's semi-annual performance of wave market, which will also help further expand the broad market bounced up space.
Concerned about the new flow of funds
However, I suggest the trend this week, investors must adopt a cautious approach, because the red on Monday, behind, in fact, the existing A-share market has not changed many problems, such as macro-control is expected to only whether the sword of Damocles hanging boots? When will fall? Another example is the rapid decline of the mean volume of new money entering the pace slowed down more? A-share market will restrict the further bounce? And so on. Therefore, I believe that stocks in this week and a half weeks after the movement may be weak.
Investors are advised to relatively cautious in practical operation, will focus on recent significant inflows of new multi-plate, or individual stocks, this is mainly includes two types, one closed-end funds, and so no stamp duty on transaction costs and enhance the advantages of variety. Tape in which the Fund's investment opportunities may be greater, because worse resale values still reached 25%, If we take into account the forthcoming semi-annual dividend expectations, worse resale values are expected to further broaden, so investors can properly track the broader market closed-end funds. But for variety, or warrants caution may be appropriate to track the call warrants, put warrants or less for wiser to keep away.
Second, pay close attention to performance growth can be identified in relatively high-priced stocks. For example, the blond second-line blue-chip technology, new materials and other stocks long park, which long continued to park in the near term acquisition of new material quality assets, and in 2006 acquired stake in high-quality assets will generate benefits throughout the year in 2007, thus bringing new investment opportunities. Meanwhile, GD Power, Laurel electricity, Yangtze Power, National Yang New Energy, etc. to determine the relative performance of growth and the capital injection is expected to have some stocks may also be concerned about. The small plates have the project completed and commissioned one after another of the stocks, more typical, such as King Hing Paper can also be tracked. In addition, the semi-annual performance of individual stocks can also be pre-hi track, after all, is now nearly six months when the second half of the performance of semi-annual report of listed companies is almost settled, some results contrary to market expectations of listed companies is expected to get a better performance, such as performance of turning loss into gain Tongji Science and Technology, ST Gold Cup and so on.
