Category: Money Tips Date: 2006-07-31
Source: Jiangsu Tianding Author: Qin Hong
Yesterday was the July of the last trading day, the Shanghai Composite has left a giant yin Po Wei K lines, to the August trend is expected to remain poor. Moreover, the factors that affect the trend in August is more complex, exacerbating the volatility characteristics of the trend in August.
Margin effects wait for verification
Recently become increasingly clear margin trading business together, the business of the A-share market has two implications: one can be active in market activity, and second, to strengthen the A-share market value of investment philosophy. However, the operations on August Quotes may not have much positive effect on the one hand because of pre-main hot spot is relatively overvalued, the business enlarged short of their kinetic energy. The other hand, the size of the business below market expectations.
"Small non-" lifting of the ban to suppress passion
"Small non-" in August this year, will enter into a small peak period, statistics show that in August this year, the "small non-" limited market value of more than 30 billion yuan sale thawed, October, November, December were 14 billion yuan. Thus, a small non-lifting of the ban in August by the pressure can not be overlooked.
More importantly, although there are in the industry believe that the reduction in circulation is not equal to, but once there are "small non-" active selling, even a small part of the market will give rise to panic, followed by a huge "small non-" will be suppressed long passion to do more.
Expansion rhythm pressures
IPO financing is currently the market some dazzling speed, speed too fast, while the pressure is also expected to influence the IPO market funds face pressure from the expected judgments.
Refinancing is also the reverse, although one part is the controlling shareholder of the directional placement does not involve the secondary market capital stock, but the current orientation to attract additional funds, insurance funds and other stock agencies flock to not only reduces the liquidity of the stock agencies, but also consume the stock of institutional resources, affecting the August Quotes.
Macro-control is expected to unknown
However, in August ugly Quotes of the influencing factors, the above three aspects are relatively certain. But for macro-control policy is expected to run, then in a state of uncertainty.
But no matter whether there are macro-control policies introduced, the current tightening policy enough to A-share market in August had a good digestion.
