Category: Money Tips Date: 2006-11-24
Source: Kuo-Cheng Li scholarship investment
Today, in Shanghai and Shenzhen stock market wide shocks, the Shanghai Composite in China's Sinopec, driven by strong daily limit, on the afternoon opening meteoric rise to popularity, according to 30-day closing data show that China's Sinopec contributed to the broader market to reach nearly 30 points. Is very clear that individual stocks tend to divide, the Fund Awkwardness has become a hot new market, a number of high-priced stocks appear high in order to stimulate the market trend of popularity, but today's rebound is limited, the operation still cautious, in particular, to prevent broader market fell again. Index, the Shanghai Composite Index opened 4006.28 points, up 4178.11 points, the lowest 3858.04 points to close at 4109.65 points, up 56.56 points, closing at about 243.1 billion; Shen Chengzhi opened 12,502.09 points, the highest 13,110.26 points, the lowest 12,020.95 points to close at 12,944.23 points, up 317.08 points, on turnover of 125.4 billion.
Shidianzuoyou morning, heavyweight collectively do more up in the afternoon on the red Hu Zhi continued to maintain the momentum, but the need for caution is that the entire direction of policy guidance is clear afternoon to continue bearish. Among major industries, coal, nonferrous metals, financial, power generation equipment, etc., in addition to social security Shigekura, the Fund Awkwardness is also very active, while the decline in the forefront of environmental protection, instrumentation, ceramics, textile machinery, chemical fiber and other industries and backdoor listing , equity brokerage, equity finance, Pre-losing concepts such as pre-cut stock. ST concept stocks a large area limit down, indicating that the market began to realize that the risk of Fools, initiative convertible lighten up being, the entire ST stocks likely to face a major earthquake. In addition, market funds are also concentrated in the Olympics plates in, like the plate in the China Sports Industry and Beijing Urban Construction and other stocks directly benefit from the Olympic movement stronger, commercial and real estate stocks have also been the performance of the two cities are ZTE, aerospace and electrical appliances more than 30 individual stocks only the daily limit, to judge the market right from the concept to the performance of individual stocks, growth, metastasis.
Message level, near the end of the RMB exchange rate again after a brief callback hit a new high, yuan-dollar exchange rate in the first-breaking 7.65 mark. 30 yuan central parity rate against the U.S. dollar opened at 7.6488, Jiao Qianri up 50 points, This is the second breakthrough in the market price 7.65 yuan mark against the U.S. dollar after breaking 7.65 mark in the first parity. As of 30 cumulative appreciation of the yuan against the U.S. dollar rate to reach 5.7% this year, the accumulated appreciation of the range of 2%. Affected by this, banks, property stocks active in the day, especially in banking stocks, rose across the board, Shanghai Pudong Development Bank daily limit.
To our analysis, individual stocks, "28" phenomenon re-appeared, decliners topped advancers far more than the number of shares lower limit everywhere, indicating that the short side holds a clear advantage. As the adjustment of stamp duty rates increase transaction costs for investors the greatest impact, investors are not enthusiastic about the stock market, rapid decline in short-term broad market poised after the high probability of oscillation. Since the release for the ST class to inform the company's information disclosure since the performance of those who do not support, seriously overestimated the value of the company continued to fall, it is estimated the class will be adjusted later. Investors are advised to underweight underperformance shares to avoid the risk of broader market fell again. Since the late of the stock market is very likely surprise surprise, our strategy is safety first.
Operational strategy, due to sharply increase the stamp duty is the transaction costs will curb short-term speculation, while the psychological impact for investors will be large, short-term market cooling will be inevitable, there broader market fell sharply, the amount of short be able to get a more adequate release tape will enter a short-term oscillations organize, present investors should avoid the subject of pre-or too large stocks, underperformance shares, while the defensive line of 12 blue chip varieties are blue-chip stocks. With the approaching launch of stock index futures, to Shanghai and Shenzhen 300 index heavyweight blue chips, represented by the attractiveness of further enhanced. Performance of listed companies for the future Quotes of the steady growth in re-laid a solid foundation. Therefore, operating on the rebound for the best way to lighten up, future growth and good 12 line may also be a small amount of blue-chip holdings. Please give careful screening to find out their stocks and position, future operations need to control the greed, to take advantage of and avoid blindly, otherwise sets the highest point in history, not just a sensational words.
