Category: Money tips Release Date: 2006-02-13
Source: Kim Merrill Lynch Investment
1, Market Guide:
Shanghai stock market Thursday by the 30 line of tape support, bottom pick-up in Shanghai stock market closed at 1655 points, up nine points on turnover of 16.6 billion yuan, compared with yesterday, a certain decline. Shen Chengzhi closed at 4135 points, up 26 points.
According to media reports, the recent big-budget plan directed additional frequent appearance in May this year to re-open their floodgates of refinancing has been implemented and the proposed private placement of A-share companies have been 98, the size of the financing has been more than 100 billion yuan. The non-public offering of its birth within a few months since have been reflected unique advantages, firmly re-finance market is currently occupying the top spot. South China, Invesco Great Wall 15 fund companies to disclose the fund's 77 two or quarterly. All disclosure quarterly comparable funds in the second quarter to 78.16 percent the end of the stock positions, increased 1.2 percentage points year on year, while the closed-end fund's shares are approaching their position upper limit of 80% of the average stock position is 76%. In addition, with the recent secondary market into a consolidation, fought in a capital market is gradually increasing. It is estimated that the current accumulation of funds in a market size of nearly 3,500 billion yuan, compared to tradable shares in the IPO first international distribution of industrial purchase when the amount of funding an increase of 204.6 billion yuan Qi Cheng. We believe that the orientation relative to the issuance of additional terms of the public, not for the secondary market investors, thus issuing additional stock issue to the main surface of funds have limited impact on the stock market. Positions from the fund a heavy point of view, is highly optimistic and clear, but because of position too heavy, short-term Masukura little room, there is the possibility of transfer positions. Profits in the primary market under the influence of capital in the market there are two market segments to a diversion of the phenomenon, which is short-term adjustment factors that affect the broader market, but in general not have much effect.
Thursday stocks in Shanghai and Shenzhen stock markets around the rise, driven by early Dikaigaozou, but because of lack of willingness by the short-term chase again fell, but when the market hit a 30-day moving average again, the invisible hand again its pull, in particular, is the largest indicators of stocks to stabilize the Bank of China picked up at an important juncture that the multi-firm determination to support the market. Hot from the market perspective, a rapid rebound in non-ferrous metals, but because of the heavy sell-off in the top finishing afternoon will continue to be dominated again. Many consumer stocks continue to show strong features, such as alcohol in alcoholic liquor section, G Wuliangye, chemical fiber plate in the G Wanwei, G a new fiber, food plate in the G Weiwei, commercial blocks in the G-Man 100, G Hanshang Deng Jun strong upside. Due to excessive investment in fixed assets will be the focus of macroeconomic regulation and control, while encouraging consumption will become a driving force for economic growth, long-term policy-oriented, and thus consumer stocks will be in the macro-control in the context of a safe haven, especially for the consumption of which belong to the state advocate upgrade industry, growth stocks may be a good attention given to the center line. Is also reflected in some agricultural stocks, such as the G Fengle, Dunhuang Seed Co. contrarian Dengjun strength, but the agriculture stocks Quotes can maintain the continuity of a good worthy of observation. The railway, highway construction in stocks may have also been active, such as the G iron, G Bridge, etc., with the Eleventh Five-year plan to speed up the implementation and the process of industrialization will inevitably increase the railways, roads and other infrastructure construction demand, the future of this plate and the associated equipment stocks may continue to attention. In fact, the current market is basically in a narrow range of finishing positions in the process of institutional adjustment phase. Some funds from the recently published second quarter of the reports, the fund reduced their blue chips in favor of large holdings under the theme of the wine consumer, commercial department stores, retail, food and beverage, as well as transportation, brokerage stocks, military themes, etc. . When the main funds in the new layout of the success of the hot plate when the tape is pulled up when re-accelerating.
Tape by the Shanghai stock market Thursday on the 30th line of strong support for the rebound, showing a very strong multi-party support the market this week, intensive IPO period is coming to the end of the short-term capital is expected to usher in a relaxed face time. From the technical point of view, so that once the technology precarious forms have been restored, while long-term rising channel remains intact, the market outlook is expected to continue upward.
2, the operation recommended that:
1, position: 60%
2, attention: cheap oversold stocks
