Category: Money Tips Date: 2006-02-03
Source: Ling Xue-wen Guangzhou Bandung
With the weight index stocks turned up, as well as individual stocks Quotes of the active Thursday after dropping as the Shanghai Composite Index on the 5th MA was supported by higher again after concussion and broke through the 3,300-point mark integer resistance and refresh 3326.92 points of the stock market a new high record; Shen Chengzhi have even received five-yang, a strong operating characteristic is very obvious. If a large field of vision from the investment point of view, the sustained, rapid growth and appreciation of the RMB against the backdrop, combined with China's economic development and financial reform strategy, A shares have good long-term to a solid foundation. On the operation strategy, despite the long-term trends in the market for the better, but because of the current restrictions on the level of the overall market valuation will be restricted to a certain extent, the rising stock market outlook space, at the same time as the index of the gradual rise in long-short plus differences large will inevitably lead to a situation of structural differentiation. Thus, during operation at a high level, investors should pay attention to follow the mainstream of the movement of funds, appropriate, and further optimize the position change of strategy and structure.
[Today's market conditions]
Thursday shenhu tape showing Xianyihouyang, vibration running up pattern, the two cities continue to refresh Quotes indexes set new records, both in order to Yangxian reported income, total trading volume of approximately 175.46 billion; of which the Shanghai Composite Index morning to 3286.16 points, slightly lower open, dragged down by weaker stock index continues to seek support to the 5-day moving average, but with the appreciation of the RMB to benefit sections such as aviation, some of the property and assets into the active hot spots, particularly in such indicators as the Bank of China shares rebound, made the market Popularity re-enlivening and ultimately promote the Shanghai Composite Index breaking 3300 points, an integer mark, hitting a new high of 3326.92 points of the stock market. Shen Chengzhi accordingly to maintain the pattern of shocks up and create a record high of 9177.78 points.
From the disk situation, Stock Quotes remain active stocks up a large area, including the Shanghai market Change Number ratio of 677:181, Shenzhen market, the ratio of 476:152 Number of Change, including BOE, Nanning Sugar, the new continent A, Leshan Electric Power, SDIC, Singapore Malaysia and automobile 32 daily limit of non-ST stocks. Noted that with the reorganization of assets or assets into stocks expected to continue to perform well, such as the garden city of the shares in the SDIC Lu, Xinhua shares, GD Power, Hua Wen media, Luoyang glass. Part of the consumer stocks such as food and beverage industry, Qingdao Beer, Yili shares, etc., and equity value of Wuliangye stocks, such as Xiamen International Trade section, Leshan Electric Power, TEDA market shares, have also been sought after. In addition, the benefit from the yuan appreciation of aviation as well as some real estate stocks are active, such as Hainan Airlines, Eastern Airlines, Finance Street, New Harbor, COFCO Property, Golden Group. Is worth noting that, after finishing the short term after the Bank of China, Industrial and Commercial Bank of China, the Yangtze River and power weighting indicators of stock trend showing up again, for the promotion index rose to play a positive role.
Thursday, the Shanghai Composite Index opened to 3286.16, the highest point of 3326.92, the lowest 3259.63 points to close at 3319.14 points, up 27.60 points, or 0.84%, turnover of 116.256 billion; Shen Chengzhi opened 9098.34 points, up 9177.78 points, the lowest 9040.60 points, close of 9116.48 points, up 71.02 points, or 0.78% on turnover of 59.156 billion.
[Today In news]
Thursday mainly in the following several news worthy of investor attention:
1, "State Department in 2007 major work," recently issued a clear requirement, advance the stock, bond issuance system reform. "Points" to speed up reform of financial system in a raised, we should vigorously develop the capital market. To promote multi-level capital market system, to expand the scale and proportion of direct financing. Steady development of the stock market, accelerate the development of bond markets, actively and steadily develop the futures market.
2, China Securities Regulatory Commission was held in Beijing yesterday, the securities and futures regulatory system, video conferencing, the deployment of an agency to carry out supervision of evaluation. Commission Chairman Shang Fulin at the meeting pointed out that the agency of the listed companies, securities institutions and futures business institutions in three areas of regulatory work to evaluate the securities and futures regulators in the implementation of government performance appraisal system to explore beneficial for improving the securities and futures supervision levels, and promote joint efforts to play a system of great significance. Supervision of the implementation of an agency evaluation of the reform and supervision of the SFC this year, the work of an important task, we must effectively put in place.
3, Premier characters name on the 4th chaired a State Council executive meeting, study and plan to start pilot projects the basic medical insurance for urban residents to consider and adopt in principle "the administration civil action Ordinance (Draft)." The meeting decided that, beginning this year, in the provinces conditional select one or two cities, to co-ordinate the establishment of major diseases dominated the basic medical insurance system for urban residents in the pilot. Pilot areas who have not traveled into the basic medical insurance system for urban workers, the coverage of primary and secondary students, children and other non-practitioners of urban residents, may participate in the basic medical insurance for urban residents.
4, Bank of China Deputy Governor Wu Xiaoling said yesterday in Mumbai, India, China will gradually relax capital control. To be effective in risk prevention and strengthen the monitoring of capital flows will be implemented selectively and gradually relax restrictions on cross-border capital transactions in the future need to take measures to control the growing trade surplus.
5, Ma Liqiang, deputy secretary general of the State Development and Reform Commission said yesterday that this year, the organization will focus on the preparation of iron and steel, nonferrous metals, coal, electricity, chemicals, building materials, sugar and other key industries to promote circular economy planning, development and release cycle of economic evaluation index system. "Eleventh Five-Year" period, will also be timely to start the second batch of circular economy pilot projects.
6, several investment banks and research institutions, recently forecast that this year, as well as a quarter of the year, the Chinese economy will maintain rapid growth last year, and most of the agencies beyond the previous forecast. Domestic enterprises are also expected to be in good running condition, corporate profits will continue to grow, and there may be more than expected.
7, 2007, a quarter of 58 listed companies in financing, raising a total amount of 98.612 billion yuan. Among them, Shanghai and Shenzhen have 25 initial public offerings, financing, amounted to 63.628 billion yuan; 29 additional companies, finance 24.746 billion yuan; four companies to issue convertible bonds, financing, 10.238 billion yuan.
[Afternoon Brief]
With the weight index stocks turned up, as well as individual stocks Quotes of the active Thursday after dropping as the Shanghai Composite Index on the 5th MA was supported by higher again after concussion and broke through the 3,300-point mark integer resistance and refresh 3326.92 points of the stock market a new high record; Shen Chengzhi have even received five-yang, a strong operating characteristic is very obvious. From the day the trend of the market point of view, the Shanghai Composite Index morning extending the previous session high of shock trend in the index, dragged down by weak stocks to continue to seek support to the 5-day moving average, intraday also sell into the trend of rapid re-emergence, but the as the market stayed calm and steady, low to undertake a fairly strong and, ultimately, benefit from the yuan appreciation theme, asset restructuring and into the subject matter as well as some indicators of stocks, driven by continued strong operating characteristics, the overall rendering Xianyihouyang, vibration pattern of rising running.
If a large field of vision from the investment point of view, the sustained, rapid growth and appreciation of the RMB against the backdrop, combined with China's economic development and financial reform strategy, A shares have good long-term to a solid foundation. From Thursday's disk performance, to benefit from yuan appreciation of aviation as well as some real estate stocks may be more active in the trend. In fact, the yuan appreciation as an important driver for the current round of bull market forces, while an important investment theme as the market has been repeated by mainstream funding mining and speculation. According to the PBOC Monetary Policy Committee at the news of the first quarter of cases, our country will continue to follow the initiative, controllability and gradual nature of the principle, improve the managed floating exchange rate system, market supply and demand in the RMB exchange rate formation of the basic role in maintaining the RMB exchange rate at a reasonable and balanced level basically stable. According to statistics, one quarter of this year, the accumulated appreciation of the yuan to 0.96%, according to this rate, the yuan has appreciated this year will be around 4%. In the long-term appreciation trend of the yuan, aviation, trade, real estate, finance, own resources, coal mines, as well as a higher proportion of imports of raw materials or parts of industries such as paper, steel, cars, petrochemicals, etc. to further enhance its valuation is still space.
Investors should note that, recently issued a "major work of the State Council in 2007," in the clear requirements to promote stocks, bonds reform. "Points" to speed up reform of financial system in a raised, we should vigorously develop the capital market. To promote multi-level capital market system, to expand the scale and proportion of direct financing. Steady development of the stock market, accelerate the development of bond markets, actively and steadily develop the futures market. In the state-owned enterprise reform, "points" required to promote the state-owned capital to key industries and key fields. Promote enterprise restructuring efforts to support qualified enterprises to become bigger and stronger. Recently, I repeatedly stressed that the central enterprises with head start and the SAC's second term in December last year, "issued on promoting state-owned capital adjustment and guidance of state-owned enterprise restructuring," the reorganization and reform of central enterprises have entered a new historical stage. Statistics show that the current 159 central enterprises, there are 87 central enterprises, either directly or indirectly controlled by a subsidiary of A-share listed companies, which more than 200 listed companies and should therefore be particularly concerned about the existence of which the assets into opportunities for individual stocks.
The operation strategy, the author believes that, despite the long-term trends in the market for the better, but because of the current restrictions on the level of the overall market valuation will be restricted to a certain extent, the rising stock market outlook space, at the same time as the index of the gradual rise in long-short The greater the differences will inevitably lead to a situation of structural differentiation. Thus, during operation at a high level, investors should note that funds follow the mainstream trends and market performance of core assets, an appropriate change of strategy and to further optimize the structure of positions.
