Category: Money Tips Date: 2006-09-05
Source: Guotai Junan
Friday in the peripheral market, a bearish against the backdrop of the mainland A shares continue to follow the trend of sharp shocks. Although the trend point of view, the system is still on the broader market averages play a good support, but with the rise in stock market risk remains in the aggregate, investors still need to guard against risk-adjusted.
Brokerage shares broadly higher,
Equity brokerage Friday theme is undoubtedly the most dazzling star of the market shares, Liaoning Fushun, Liaoning, National Cheng Kung University, Yashengjituan, public utilities, the Great Wall of information, mass transportation, Youngor, Chongqing Road & Bridge, the modern emergence of a substantial rise in investment Dengjun trend, shares of brokerage firms is not a coincidence the rise of the theme. According to the second China-US Strategic Economic Dialogue China's commitment to further opening up China's securities industry will be. The Chinese side agreed to cancel the second half of this year to enter the Chinese market for foreign broker the ban and restore the distribution right, including joint-venture securities companies, including brokerage business license; addition, China also agreed to later this year at the Third China-US Strategic Economic Before the dialogue, allowing foreign brokers to further expand business in China categories, including brokerage, proprietary trading and fund management. This means that our local broker from the United States will face an international investment bank giants, the challenge, and this challenge is precisely bred this opportunity. The reason why the last two years has been known as the financial market, is due to foreign financial institutions to speed up the pace, which inevitably spawned the domestic financial sector to accelerate its own development, while public finance is the financial industry, the rapid development of the best shortcuts. Therefore, the second Sino-US Strategic Economic Dialogue in the industry's commitment to an open voucher, making the market for the listing broker is expected to increase, and this led to the overall strength of the theme of equity brokerage.
Still can not be blindly optimistic about the short-term
While the broader market Friday finally pulled up a strong performance in addition to the trend, but the increase QFII quota to the market seems to constitute a positive. However, potential investors and are not to be blindly optimistic, the market is fraught with uncertainty. This uncertainty comes mainly from. First, the peripheral market instability, Greenspan's statement resulted in some neighboring markets are there a certain degree of adjustment, Hong Kong's Hang Seng index has appeared in four consecutive trading day adjustments, the trend has been completely and departure from the mainland market, which kinds of departure will give the mainland market pressure. Second, current management has begun to strengthen the regulation and control efforts, such as the risk of the two issued a reminder, and the recent pace of the Fund's distribution is clearly weaker, both to raise funds from the issuing fund size and the number of point of view, since mid-April data are lower than in March. Therefore, I believe that for the future large-cap investors still need to maintain a cool head, at this point and the current stock valuation has been generally high, and the upward pressure on stock index is still there.
The opportunity to be concerned about the two types of plate
Operational aspects, investors may be concerned about the two major categories plates, one, or equity finance, with the broker, bank to accelerate the pace of opening up the financial market subject of the next year is still expected to become the focus of the market, therefore, equity brokerage, equity participation, commercial banks, listed companies can still be concerned about. Second, some stocks can still be supported by substantive themes concern, if the Olympic theme, there are price increases the expected resource blocks, such as coal, electricity, water, etc. are expected to become the market hot plate. Key species: Capital shares (600008) with a monopolistic edge in the Olympic water faucet, growth highlighted. As Beijing's largest water company, the capital of its holding water treatment in Beijing for more than 80% market share, become the one of the nation's largest water company, will directly share the 2008 Olympic Games has brought the economy to the relevant local industry a great opportunity. The future, as the overall price increase of water resources, the company will also significantly benefit from. The secondary market, the stock short-term trends are obviously lagging behind other water type stocks, pre-poised after finishing the current can gradually enlarge the amount of funds entered signs of obvious future to speak of bargain-hunting interest.
