Category: Money tips Release Date: 2006-05-27
Source: Kim Merrill Lynch Investment Author: Huang Min Hong 1, the market guide:
Thursday tape appeared Xianyihouyang SSE trend of large oscillation, the Shanghai Composite closed at 1591 points, was up more than one point, pulled out a little longer under the shadow of the Yang Xian, turnover amounted to 30.8 billion, slightly less than yesterday.
Message level, the concern is only the first IPO stocks - China CAMC Internet distribution in the success rate finally set to take center the freezing of funds of up to 204.5 billion, the success rate of only 0.17%, showing an especially abundant market funds. Xinhua News Agency published an article called "forging the basis for the bull market long way to go," Wen said China's stock market still exist, such as governance structure of listed companies and many other issues, gives the impression that the meaning of its expression half-way adjustment of the stock market is normal, reasonable, but long-term bull market tone remains unchanged.
Market closed yesterday, the biggest in four years out of Yinxian, panic began to diffuse the market sentiment. And today stocks in Tiaokongdikai fill the gap closed sharply down after another, and unlike yesterday, petrochemical plate as the main short, Shanghai, petrochemical, and other significant Budie repurchase stocks, while Sinopec is fragile and, once there is accelerating decline trend. In addition, the pre-or a huge new source of energy, aerospace industry, and real estate section to continue leading decliners in the broader market because of these pre-main varieties of lucrative, off the main backhand short, so short of energy is also very large. Shares fell nearly 50 points, but never launched to counter the multi-afternoon the broader market quickly rebounded to close at the end with red disk. Sinopec, a large scale to recover lost ground to stabilize the market confidence, while the Tianjin Binhai New Area stocks, such as G Haitai, G and so the overall performance of Tianjin Port is very strong, the market a beautiful landscape. As the central government has made it clear he would make the construction of Tianjin Binhai New Area into a second one in Pudong, and therefore this plate is also expected to as the year's Pudong shares quite a long time, like a popular stock market outlook is still cause for concern. In addition, the overall concept stock market continued to remain active, while the non-ferrous metal plates appeared oversold bounce, and other signs of the majority of individual stocks appear oversold bounce.
This wave of adjustment appears to suddenly come, in fact reasonable. The first is technical adjustment of the pressure the broader market since last year rose nearly 70% since the bottom without any real sense of the changes, and so from a technical adjustment of the surface will come sooner or later, while the 1700 points, as the history of the region itself stuck with the heaviest resistance in large, and therefore at this point and a correction is normal, then there will be a big bull market in the middle order. Second, the movement of funds from the main view, in fact, the Wednesday before the close Zhang Yin, several main sections, such as pre-real estate, non-ferrous metals, aerospace, and military warrants were all at low tide, off the main stage of the withdrawal signs of a variety of reasons Obviously, the market suddenly found nothing fried, and so the natural mood prevailed on the sidelines. From the expansion point of view, the Bank of China opened a super-large-cap stocks return to A shares of the prelude to the one hand, only the super-state-owned enterprises in order to further enhance the return of A shares A shares of the gold content and influence for the future lay the foundation for a true bull market, but the super - of large capitalization stocks listed on its own would give rise to short-term capital supply and demand imbalance, especially as a super large-cap stocks like Bank of China allowed the time of issuance but have not yet made the biggest impact on the market. Finally, from the policy side view, from the acceleration of the expansion of Sinopec have been deliberately suppressed, as well as today's Xinhua News Agency commentary, giving the impression that the hand of the policy in the regulation of tape. We might guess from another perspective, here is to let the stock market mean that the policy to keep a low profile, so that a smooth upward Bank of China, and then again Dikaigaozou Bank, and led the stock market re-strength, so play would be more effective. If so, the BOC will ship the day the stock market should be started when a new round of Quotes.
As the broader market fell sharply for two days straight, short-term decrease is quite astonishing, short of energy release has been quite well, from today's session to see the multi-stock index fell sharply in after quite strongly support the market, and further down the space is very limited, while the stock to go long-term trends in cattle has not changed. Is expected is expected to continue to come out retaliatory afternoon rally.
2, the operation recommended that:
1, position: 60%
2, attention: cheap oversold stocks
3, hot Analysis:
This wave of adjustment appears to suddenly come, in fact reasonable. The first is technical adjustment of the pressure the broader market since last year rose nearly 70% since the bottom without any real sense of the changes, and so from a technical adjustment of the surface will come sooner or later, while the 1700 points, as the history of the region itself stuck with the heaviest resistance in large, and therefore at this point and a correction is normal, then there will be a big bull market in the middle order. Second, the movement of funds from the main view, in fact, the Wednesday before the close Zhang Yin, several main sections, such as pre-real estate, non-ferrous metals, aerospace, and military warrants were all at low tide, off the main stage of the withdrawal signs of a variety of reasons Obviously, the market suddenly found nothing fried, and so the natural mood prevailed on the sidelines. From the expansion point of view, the Bank of China opened a super-large-cap stocks return to A shares of the prelude to the one hand, only the super-state-owned enterprises in order to further enhance the return of A shares A shares of the gold content and influence for the future lay the foundation for a true bull market, but the super - of large capitalization stocks listed on its own would give rise to short-term capital supply and demand imbalance, especially as a super large-cap stocks like Bank of China allowed the time of issuance but have not yet made the biggest impact on the market. Finally, from the policy side view, from the acceleration of the expansion of Sinopec have been deliberately suppressed, as well as today's Xinhua News Agency commentary, giving the impression that the hand of the policy in the regulation of tape. We might guess from another perspective, here is to let the stock market mean that the policy to keep a low profile, so that a smooth upward Bank of China, and then again Dikaigaozou Bank, and led the stock market re-strength, so play would be more effective. If so, the BOC will ship the day the stock market should be started when a new round of Quotes.
