Category: Money Tips Date: 2006-07-06
Source: Jiangsu Tianding Author: Qin Hong
A-share market opened low yesterday morning, the Shanghai Composite fell 29.54 points, but shot separate ways competing funds, funds and other varieties of Awkwardness is a strong trend, and ultimately promoting the Shanghai Composite slowly move up, not down Instead, up 11.82 points, so the data implies that a smooth trend in the Shanghai Composite ended June 19 deal.
Extraordinary one-day
However, the height of split share structure reform of view, June 19 is a historic day, not only draw up the rear is the old and new IPO as the first single of China CAMC yesterday smooth landing, but also to G 31 million in 1093 to lift restrictions on sale of shares in circulation the first trading day limit.
The two stocks from the date of the trend point of view, China CAMC opened higher yesterday, the high take up Mogao to 50 yuan, the biggest surprise, up 575.67 percent rise, to close at 31.97 yuan, up 332.03 percent, so the trend though a bit exaggerated, but also shows the A-share market has taken full circulation to withstand the pressure after the IPO. Although the G 31's stock rose only 0.96%, but from the day a mere 540 million shares traded hands in terms of the number of shares sold 10.93 million limit does not lift the restrictions on sale came out like a caged tiger, like horrible, at least show that G 31 After lifting the ban on sale of shares is not limited to substantially reduce the circulation, so G 31 also illustrates the secondary market price to withstand some of the restrictions on sale of shares the psychological pressure to lift restrictions on sale, but also illustrates the A-share market has been steady through the of the full circulation of the first trading day.
Opened a new page
However, from the A-share market in historical perspective, a stable full circulation through the first trading day after, which means that A-share market development has opened a new page, just as the relevant person in charge G 31 In an interview, said, "G 31 to sell 100 shares of a small step would mark a major step forward China's stock market." Of course, since relevant information not yet available to indicate whether the lifting of the ban part of the 100 shares in circulation, but "a major step forward China's stock market," Vibration of speech is still deaf-fat-fed, will mean that A-share market will be officially into the full circulation of the era, a a new development cycle beginså•?
However, a new development cycle does not mean that A-share market will continue long bull trend, but because of the era of full circulation, A-share market trend will face more challenges, because the share price remained stable in 31 G G 31 is because the fundamentals are very good, shareholders equity is extremely treasured. A-share market but not all of the equity shareholders have cherished mentality, so limit the future sale of shares sold to lift the ban on sell-off limits, and can not be completely ignored. Similarly, the full circulation in the context of IPO does not mean that all of the new shares will be repeated in the work of international movements of such eye-catching, more importantly, China CAMC yesterday's exaggerated movements likely lead to continued collapse of the movements, thus the formation of A-share market a certain pressure, or pressure after the shift.
