Category: Money tips Release Date: 2007-02-12
Source: Ling Xue-wen Guangzhou Bandung
Synopsis: After two consecutive trading days after the broad based, Quotes, Tuesday Shanghai and Shenzhen stocks in short-term profit-taking and the average under the influence of such factors as anti-pressure shocks start callback market, both cities index closed at a small Yinxian turnover as compared to the previous day's decline. Analysis of market conditions in the previous session already mentioned, short-term broad based, Stock Quotes trend will inevitably face after the differentiation, from the current perspective, this short-term shocks finishing in line with market expectations, a normal digestion finishing market, is conducive to a rebound Quotes of the further extension. Operation of the market from the current external environment, a variety of negative pressure has been greatly eased, help lay the foundation for the rally. Bank of active plate is an important factor in their mid-year report a substantial increase in performance. Around the mid-year report Yejiyuzeng investment opportunities in mining is still a major focus of recent operations. On the specific operation concerned, I suggest that investors pay attention to the rebound in rhythm and track hot switching direction.
Today's market conditions
Quotes of the broad based, after two consecutive days after the Shanghai and Shenzhen stocks in Tuesday under the pressure of short-term profit-taking started a small shock callback finishing posture, both cities index closed at a small Yinxian turnover of about 148.969 billion. Index runs from the day the trend point of view, early in the Shanghai Composite Index opened 3895.91 points, after the bank under the impetus of an active plate once ascribed to 3929.42 points, but with the increase of short-term profit-selling in the afternoon launched a small tape finishing down trend, which will eventually small Yinxian a barrel. Shen Chengzhi minor adjustments to show the trend of the corresponding volume decreased slightly compared with the previous day.
From the disk situation, by taking short-term pressure, the two cities large stocks fell, including the Shenzhen market, the ratio of 97:549 Number of Change, Change Number of the Shanghai market ratio of 168:702. Or table, the long edge of shares, Kunming Pharmaceutical, the country hit Lu, Chinese and Western medicine, Greenview real estate, Jilin Chemical Fiber and other 20 non-ST stocks daily limit. The specific point of view, the overall strength of the Tibetan plate stocks, such as the development of Tibet, Tibet Tin Road, Tibet travel, such as the strong limit-Wuzhou Pearl. Wine food, medicine, tourism, consumption, stocks continued to remain active plate, such as the Kunming Pharmaceutical, Textile City, Western medicine, Yilite, huangtai wine and so on. In addition, the overall performance of financial sector activity, such as the Industrial and Commercial Bank of China, Bank of China, China Merchants Bank, China Minsheng Bank, Industrial Bank.
Tuesday, the Shanghai Composite Index opened to 3895.91 points, up 3929.42 points, the lowest 3841.80 points to close at 3853.02 points, down 30.20 points, or 0.78%, on turnover of 95.366 billion; Shen Chengzhi opened 12,876.85 points, the highest 12,956.71 points, the lowest 12,667.35 points, close of 12,682.04 points, down 164.37 points, or 1.28% on turnover of 53.603 billion.
In news today
Tuesday mainly investors to focus on the following information:
1, the PBOC issued yesterday, "inter-bank Management Measures", come into operation on August 6. This is nearly 10 years of the most important inter-bank management of policy adjustments. "Rules" to expand the scope of inter-bank market participants, from the current 10 categories to 16 categories; the same time, relaxed the securities companies to enter the interbank borrowing market conditions, only the request "should apply to enter the interbank market, before the last two consecutive annual profit over the same period does not appear below 2 billion in net capital position. " The central bank official said, expanding the scope of inter-bank market participants, and promoting diversification of supply and demand of funds to increase the level of activity in inter-bank transactions, and through market competition mechanism and orderly development of the progressive realization of market segmentation.
2, the state should reduce emissions of climate change and energy leading group for the first meeting of 9 in Beijing. The CPC Central Committee Political Bureau Standing Committee, Premier, the state should reduce emissions of climate change and energy leading group head of the character name of the chair and addressed the meeting. He stressed that must, from the overall and strategic perspective to fully understand and strengthen the energy-saving response to climate change mitigation and the extreme importance and urgency to enhance sense of historical responsibility and mission, with greater determination, with a larger air force, to take more effective measures to effectively accomplish our tasks in this regard.
3, according to data released by Bank for International Settlements estimated that the RMB exchange reform since the real effective exchange rate appreciated 4.41%, has appreciated significantly. The first half of the year in which the real effective exchange rate of yuan appreciation of 0.72%.
Comment on market outlook
After two consecutive trading days after the broad based, Quotes, Tuesday Shanghai and Shenzhen stocks in short-term profit-taking and the average under the influence of such factors as anti-pressure shocks start callback market, both cities index closed at a small Yinxian volume than the the previous day's decline. Analysis of market conditions in the previous session already mentioned, short-term broad based, Stock Quotes trend will inevitably face after the differentiation, from the current perspective, this short-term shocks finishing in line with market expectations, a normal digestion finishing Quotes.
Judging from the current operation of the market environment, through the previous stage a series of intensive introduction of regulation and control policies and measures leading to drastic fluctuations in stock market confidence is suffering a serious blow. But noted that the market for the issue of special treasury bonds targeting the various concerns, the Ministry of Finance official said, the financial issue of special treasury bonds to buy foreign currency to ease liquidity ones, increase foreign exchange operating income, to ensure the stable operation of a comprehensive macro-economic control policy is not directed against the austerity measures the stock market does not directly affect the securities market in the stock of money. Ministry of Finance, the person in charge of this statement will undoubtedly help ease the market panic. SASAC also announced last week, "the transfer of state-owned shares of listed companies," the relevant operational documents, which is the state-owned assets supervision and administration department of the state-owned shares of listed companies, especially state-owned holding enterprises in the transfer of shares of a major reform and adjustment. According to the SASAC setting, at the same time meet the following two conditions, the transfer of shares of state-owned controlling shareholders need not be reported to the state-owned assets supervision and approval by the state-owned controlling shareholder of the internal decision-making procedures in accordance with the decision. Do not meet one of the following two conditions required to be reported to the state-owned assets supervision and approval to implement it. First, the total share capital of not more than 10 billion shares of listed companies, state-owned controlling shareholder in the three consecutive fiscal year the proportion of cumulative net transfer of shares does not meet the listed company's total share capital of 5%; the total share capital of more than 1 billion shares of listed companies, state-owned holding shareholders within three consecutive fiscal year, the number of cumulative net transfer of shares does not meet the 5,000 million shares, or the ratio of aggregate net transfer of shares does not meet the listed company's total share capital of 3%. Second, the transfer of shares of state-owned controlling shareholder does not involve the transfer of control of listed companies. The author believes that reduction of state-owned stake in the promulgation of new regulations to ease the supply pressure to reduce the pressure on market psychology, as well as to stabilize the market is expected to have a positive effect. Clearly, from the current operation of the market's external environment, a variety of negative pressure has been greatly eased, help lay the foundation for the rally.
From Tuesday's market performance, the Tibetan plate, consumer plate, as well as the overall performance of the financial sector is more prominent. In terms of the Tibetan plate, in fact, as early as this year's NPC and CPPCC Tibet Autonomous Region Government has announced that by the China State Council executive meeting and discuss the adoption of special studies, from 2006 to 2010, five years, China will invest over 100 billion yuan, carried out in Tibet, including an extension of the Qinghai-Tibet railway line - from Lhasa to Shigatse, including Section 180 projects. I believe that, with the opening of the Qinghai-Tibet Railway and Tibet's infrastructure construction, the gradual improvement of Tibet's economy is expected to enter the leap-forward development stage, and will also usher in the Tibetan section of major development opportunities. For the financial sector is concerned, the author had stressed that the rise in the financial sector has its advantages and valuation of the good performance of high growth is expected to back them. The long-term value of domestic bank shares is profit model transformation and sustained and healthy development of China's economy, the two tax merger policy also constitutes a substantial positive on the banking sector. The mid-year report from the already notice the performance point of view, the recent Bank of active plate is an important factor in their mid-year report a substantial increase in performance. Clearly, around mid-year report Yejiyuzeng investment opportunities in mining is still a major focus of recent operations. On the specific operation concerned, I suggest that investors pay attention to the rebound in rhythm and track hot switching direction.
