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Data:2009-12-12 2:34
Source: Wang Taoshi-based investment
In news: Recently, the central bank governor Zhou Xiaochuan said: If the CPI growth rate of the further higher, the central bank does not rule out another rate hike, but inflation remains under control. Zhou also said the central bank is closely monitoring the operation of China's stock market, even though "price-earnings ratio may be too high," but "not sure whether there is a bubble."
Following last Friday A shares after a sharp income Yin trend. The market has once again this week, a sharp decline occurs. Morning after the two cities opened slightly higher short-term spikes, but fell under the heavyweights quickly fall below 4,000-point mark under an integer. Bank shares followed by the strong rebound in the bottom. But the afternoon, the index of vulnerable Quotes reproduction. Actively support the market for bank shares morning have led to a drop shock broader market fell again and broke morning low, the lowest index to touch 3912.42 points. Near the close of the market still have no improvement. The two cities are in deep decline to close at the end, Shanghai stock market closed at 3941.08 points, down 3.68%, the Shenzhen market closed at 13,109.26 points, down 4.49%, the two cities a total turnover of 219.353 billion yuan.
From the disk observation, stocks showed Pudie pattern, and fell even more terror, in which individual stocks lower limit close to 500 (not including the S, ST), up less than 130 stocks. In addition to a huge decline, the Stock division is also very serious. Subjects with the cap, lower not only the lower limit, but also sealed a single large, there is no power to speak of even the slightest resistance. And some blue chip stocks are still able to rosy times of adversity, and even increased substantially, such as blue-chip blue-chip known as China Merchants Bank, Sany Heavy Industry are significant gains. High, the fund closed-end funds are also heavily loaded, and appear only slightly lower. This phenomenon may be because, with daily news of the approaching, the value of investment in the main line are becoming increasingly prominent. At the same time face of uncertainty in the policy context is also a strong resistance to blue-chip stocks. We believe that the follow-up of the stock market differentiation will continue to exist among the individual stocks, underperformance and loss of market shares is likely to be abandoned again.
As the largest weight of the two cities today, the performance of financial stocks is still relatively good. Among them, two insurers, China Life, Ping An and other small and medium banks stocks such as China Merchants Bank, Industrial Bank, Shanghai Pudong Development Bank, China Minsheng Bank to support the market has a good performance. And large market capitalization bank shares Bank of China, Industrial and Commercial Bank, Bank of Communications is also not deep decline.
In addition to financial stocks, the focus of today's Zhang Sheng military on the concept of stocks and real estate stocks. Favorable due to the impact the policy fully active in the military home loans to borrowers, adverse economic strength. Among them, Hafei stake in Air China shares, etc. of your stocks have gone against the tide daily limit, and other stocks are also gainers. In addition, today's real estate stocks have also maintained a strong trend, Golden Group, Asia Standard construction, Vanke A table such as stocks rose at the forefront. Appreciation of the renminbi under the current context, the real estate industry is undoubtedly the most investment value of the plate. At the same time, the valuation of real estate stocks are also low, the dynamic price-earnings ratio less than 30 times lower than the level of most industries.
Overall, there was no substantial bad news today in the context of introduction of larger decreases have occurred in the trend worth thinking. In particular, the afternoon declines heavy volume down signs of panic to escape more and more money. Faced with poor market structure, the main fear had been "unable" also "no desire" to increase funding to combat the decline. This makes the broader market trends and market outlook is not optimistic. We believe that the broad market trend in the medium-term adjustment has been established. But deep down there will be no room for movement as violent 5.30. Investors should control the position, reducing the operating frequency, profit shares that have been settled as early as possible is best.
