Category: Money tips Release Date: 2006-02-27
Source: Oriental Fortune
Successive new highs after the index into Wednesday adjustments. Morning between the two cities opened low, followed by iron and steel, banking and other weight plate fell under the influence of experiencing a wave of rapid decline in the performance of individual stocks is more scattered, stock index fell to a 5-day moving average near stabilized. Opened the afternoon, stock index suffered diving, Hu Zhi fell below the 5 moving average, a slight recovery late. Stocks outnumbered declining ones by the two cities are still a majority, volume-year decline.
Successive higher, the broader market Wednesday a certain intensity of the callback occurs, K line of a 8:00 p.m. in Yinxian the end of the recent market frenzy to do more emotional, then would you start an adjusted? Market analysis, despite the recent case of bad stock does not drop, inflation, stock index Tuesday closed Xianyihouyang strong red, indicating the market strong, but the growing lack of power to do more than break 1800-point mark for the broader market also has an indisputable fact. Technically, many hit 5-day moving average intraday rebound after, but the late diving, or the breakdown of 5-day moving average. In addition, support the broader market higher in recent days large cap blue chips have died down, one after another into adjustment, and even the Bank of China and the Industrial and Commercial Bank of China or not such carrier-class heavyweights also retreated, greatly stimulated the market sentiment, short kinetic energy can be released. Experts believe that the process of recalling the recent rise in the broader market, driven by the "28" phenomenon of the impact of market earnings demonstration effect decreased significantly. Up missed or have taken, it is already human nature, resulting in market sentiment would suffer accordingly. 20 points in intraday Yinxian of air-raid alarm had been sounded, a major adjustment coming.
Today's Shanghai Composite Index opened 1885.86 points, up 1886.26 points, the lowest 1865.22 points to close at 1866.82 points, down 22.71 points, on turnover of 22.54 billion; Shen Chengzhi opened 4825.06 points, up 4825.06 points, the lowest 4765.07 points to close at 4778.20 points, down 52.09 points on turnover of 11.8 billion. SSE 298 up, 520 down; Shenzhen City, 210 up, 334 down, the two cities four stocks daily limit.
Disk, China Merchants Bank Tiaokongdikai, low shock, driven Shanghai Pudong Development Bank, China Minsheng Bank, started to adjust, even the Bank of China and the Industrial and Commercial Bank of China or not such carrier-class heavyweights also retreated, Yangtze Power, Baoshan Iron & Steel, China Sinopec to join in the ranks of the adjustment. Although the S stock and wine sections are active, they can not resist the enormous pressure to adjust heavyweight, aviation airport, when the bottom plate near the pick-up 2:00 to drive broad market rebound.
