Category: Money Tips Date: 2007-07-04
Source: Jiangsu Tianding Author: Qin Hong
Sinopec yesterday trend slightly slack, the Shanghai Composite is still skyrocketing 61.26 points, while the Shanghai stock market turnover also quickly zoom to 53.3 billion yuan, more than the June 24, 2002 of 53.198 billion yuan Vol. Such a huge turnover come from? What impact on the pace of market conditions? These issues became the focus of the market.
It is undeniable that, A-share market since 2001, after a record 2245 points, to five years into a bear market, market value is constantly shrinking. But at the same time, these five years is a period of rapid economic growth in China, is the corresponding explosion of wealth in, so one by one cut, it means that new wealth in the stock market has had a significant influence force. Therefore, once the A-share market after the formation of riches, in the past five years to complete the accumulation of wealth of the Golden-collared, white-collar workers are rapidly becoming the backbone of the securities market of the new funding, if found to have high-quality equity investment opportunities, they will rush from.
Current single-day limit-Number of individual stocks increasing, from 50 before the Spring Festival to the Festival more than a hundred, to more than 200 yesterday. A-share market at present the total number of listed companies, but only more than 1300, which means that the daily limit-Stock accounted for the proportion of the total number of listed companies to 14% or so. Because of this, there are industry analysts pointed out that the current funds are being adopted by some banks discount bills of enterprises access into the A-share market, so the amount of money created a secondary market jumped one of the sources.
One should not overlook the fact that some foreign hot money due to continued appreciation of the yuan, but also through corporate channels to enter the A-share market, particularly in the renminbi exchange rate yesterday, "broken 8", the more exacerbated the market to foreign hot money through the business of this "gray channel "into the A-share market expectations, which may also put a huge amount of recent turnover Diego one of the sources.
In fact, the source of such funds also partly explains why the recent A-share market boom of the reason why additional funds to discount notes, etc. into the A-share market, which means this part of the new funds and funds and other institutional investors, the existence of long-term great distinction, these additional funds in itself is A-share market of hot money is not a firm long-term investors. Therefore, they enter the A-share market on the plan when the withdrawal in the near future, A-share market, and so is bound to make the operation as they have a sense of instant success. At the same time, these new funds are aware of the current A-share market surge, not because the performance of listed companies to promote growth, but also in the near future, IPO, refinancing, 5% limit on sale of shares in circulation will come right to have access to liquidity, capital surface pressure will soon appear. Therefore, these additional funds and will have a race against time pressures, I hope to complete within a short time can quickly Jiancang, pulled, shipped operation cycle. In other words, on the one hand, capital in nature, on the one hand is the future of financial surface pressure and other factors, led to the current round Quotes will appear "urgent, fast" feature, once the A-share market there at the top, then maybe there will continue to kill or K-line trend.
The question now is how to predict the future point fall this writer believes that point of time is difficult to predict, but there is a judge Quotes peaked signal that a certain day after the benchmark Shanghai Composite Index soared intraday sudden plunge So basically you can determine the relative Quotes has reached the top, because it means additional troops began pulling out the big money, follow-up Quote of the space and time will be relatively limited.
This trend seems to be receding into the past, one hand around the stock market in the near future adjustments, yesterday's China Enterprises Index plunged 244.66 points, or 3.32 percent, the Hang Seng Index plunged 407.01 points, or 2.41%. The other hand, the outer plate varieties of non-ferrous metals futures on the 15th day after opening plunge, Lundun Tong fell 6.67 percent, while gold fell also reached 3.05%, while Hong Kong shares on the advance yesterday, a reflection of mineral resources of the Hang Seng Index Index plunged 4.3%. Therefore, it is highly likely to put pressure on today's A-share market. It appears that the trend today, the pressure can not be ignored, I do not know whether this means "mad cow" Quotes will stop today.
