Category: Money tips Release Date: 2006-03-25
Source: Northeast Securities Author: Zheng Li Ting
Is also a Black Monday, today the market once again plunged into a pattern. However, we believe that slump, investors need not be overly alarmed, but may, by lower prices plunge to buy chips. K-line from the Shanghai index terms, today's Yinxian direct breakdown of 5-day moving average, once again approaching pre-lows, investors may be concerned about 1550 points below support.
In news of view: an authoritative source, at present, the State Council has approved the Central Bank, the China Banking Regulatory Commission reported the pilot securitization of credit assets expansion program, the second batch of pilot banks are active in the pilot application materials submitted. The pilot banks include three state-owned banks, as well as a large joint-stock banks, the banks will be available within a year product, distribution is expected to reach 100 billion more than the total scale. In addition, a pilot country for the first row and the China Construction Bank also said it will further expand the scale of distribution. On new loans reached RMB 171.8 billion yuan, accounting for the central bank targets annual credit plan for 94%, which occurred in the central bank raised interest rates once, twice raised the deposit reserve ratio three times the central issue tickets and other austerity measures directed later. The effectiveness of monetary policy is being seriously affected. To be sure, the next step intensity control will be overweight, but not only the central bank took action by regulation is also need for more departmental shot.
The recent market fall below 1550-point benchmark Shanghai Composite Index picked up gradually after concussion, which is progress in the recent expansion is closely related, it is learned, hair trial will assess the work be suspended for two weeks, while construction investment and G directed additional application is not, the regulators may be improve the directional additional threshold. With regard to the progress of expansion news of surface pressure for the weight of the recent bear market expansion provides a breathing space. However, the current trends in this year's policy of expansion is still not clear at present whether the expansion to ease the pressure regulators for the care of the successful listing of Air China's military strategy for taking the slow rise to market speculation the parties. Under these conditions, the uncertainties involved in the recent enthusiasm of all funds is expected to continue to adversely affect the overall pattern of market turmoil are still finishing the basis of a lack of fundamental change. Currently on the market is still dominated by themes of the performance of individual stocks, midline point of view, the absence of effective support for the policy side, just by the market on its own strength to do more difficult to develop an effective market, so the center line of view, investors should wait for uncertainties the clear.
Disk of view: the way Gaokaidizou after the listing of the Bank of China has also stopped the decline in the pace of, A, H shares Bank of China upside down makes it difficult again continuing decline, as the first heavyweight cities, especially in On the eve of the upcoming stock index futures, stock funds are the main focus of the primary species allocation, which also picked up the unit to create the conditions for stabilizing the Bank of China led slowly up the whole banking stocks, the market outlook will effectively shut down the broader market space. G Long electricity, China Unicom and other indicators of unit weight of weak performance, Sinopec, Shanghai Petrochemical, etc. to clarify the announcement of privatization-related stocks also showed a callback due to the trend, which is pulling down the index have a greater role. G Jielong again limit-led local stocks active in Shanghai. Mailyard, G WONG, industry and so the performance of futures-related stocks remains strong. Become a weak market's bright spot. From the moving average system, see, index 1630 - 1650 along the pressure-laden stock index rebounded to the re-emergence of the pressure area more likely to adjust, but the adjustment will be difficult to breakdown the formation of the early fall a low of 1540 points in afternoon stock prices above the repeatedly bottomed requirements, investors can take stock of the operation area, high-throw bargain-hunting.
Overall, plunged after the investors are not eager to sell used, a brief afternoon rally is expected to operate on the shares investors can focus on subjects as Ruoshi shares in investment capital with great favor on the subject, speculation popularity high, such as: G Fiberhome (600,498): The company is recognized by the State Ministry of Science and the domestic optical communications only "863" program outcome of industrialization base and is a leading enterprise in Wuhan Optics Valley of China. Companies are more cooperation with Datang Mobile. By working together, the company will not only continue to maintain its transmission, broadband access, wireless coverage areas such as the advantages, but also in the upcoming 3G era has achieved a major opportunity for development authority the next three years, the company forecast a net profit compound growth rate will be higher than 50%. The company has a little-known heavy subject matter - a huge investment in Guangdong Development Fund for capital appreciation themes. Value themes are quite prominent, it is highly likely to be floating capital attack objects. The secondary market, the stock oversold at the serious stage of a long lower shadow shows strong short-term instincts of the substantive topics afternoon is expected to occur, spurred by the opportunity to attack successive daily limit, investors may be short-term focus.
