Category: Money Tips Date: 2006-04-08
Source: Kim Merrill Lynch Investment
Thursday broader market higher in the shock. Morning to 2226-point benchmark Shanghai Composite Index opened slightly higher. Quick morning after Mogao to 2241 points, bottom Quotes. PM shocks higher broader market, and a record high point. Zhong Pan index closed at 2,249 points on turnover of 37.9 billion yuan, compared with the previous day's flat.
Message level, the National Bureau of Statistics latest figures show that, following growth of industrial production in October from a high of sharp corrections, the growth of industrial production in China in November basically stabilized the callback momentum. In November, the National-scale industrial enterprises added value of 793.6 billion yuan, an increase of 14.9%. As a leading industries driving economic growth, China's industrial production growth rate in June reached 19.5% of the peak a decade later, under the action of macro-control policies and measures to gradually reduce. With Treasury Secretary Henry Paulson led by a senior U.S. delegation to China to attend the first China-US Strategic Economic Dialogue. Put pressure on yuan appreciation is the focus of attention. Yuan against the dollar on the 14th breaking 7.82 mark OTC newspaper 7.8180, a new high since the foreign exchange reform. The continued appreciation of the yuan for the financial and real estate-related sectors to stimulate the formation of long-term. In addition, the State Council recently issued a circular on doing the work of stabilizing the grain market, grain and oil supply to the notification. China's grain production achieved for 3 consecutive years of bumper harvests, abundant stocks. The recent period, subject to the international market, domestic distribution and many other factors, in some areas non-staple food grain and oil prices rose to a certain extent, causing widespread concern in all sectors of society. The grain price rise was mainly a continuous decline in nearly two years after a reasonable recovery, some of the agricultural stocks benefit.
Secondary market, today's broad market finally reaching record highs! In the all-time high in front of blue-chip was not holding a high line to play, but a high prevalence of volatile trading. By the Hong Kong financial sector adjustment, the impact of China Merchants Bank, Shanghai Pudong Development Bank and other contrarian test a low on a certain market's drag on the red. However, capital in the market is extremely abundant in the line of blue-chip breathing time when the main time to start the car, steel and other second-line blue-chip, the market response was very positive. Morning with Dongfeng Motor, Shanghai Automobile, Chang'an Automobile, led car plate, with Baosteel, Jinan Steel, Tangganggufen keep pace, led by steel plate, becoming the main driving force to stimulate long popularity. Short-term performance of blue chip companies will be able to Hu Zhi enough the key to the success of reaching record highs. In addition, the concept of unit consumption in the two cities full strength. Commercial chains, food and beverage stocks rose one after another among the forefront. Among them, white wine market in stocks may have been an active pursuit. As Wuliangye, Maotai, Shuijingfang were all taken up the banner prices, as well as liquor market Zhangshengyipian in 2006. By "price rises" trend, liquor stocks may have entered the Awkwardness of Fund of the column, while the prices are steadily pushing up. Today, Shanxi Fenjiu, Yilite and Tuopai Liquor were all limit-up momentum afternoon worth the wait. In addition, engineering machinery, pharmaceutical and aerospace defense industry such as synchronized blocks strong, the market position of bulls seize the initiative once again.
Taken together, today's broad market reaching record highs. Disk does not appear much sell into kinetic energy, the sharp rise in second-tier blue chip varieties emboldened full display market, investor confidence high, the market outlook is expected to continue higher broader market. Comprehensive judged: Bullish.
