Category: Money Tips Date: 2007-05-15
Source: Hao Mei Huatai Securities
Following two consecutive seven-day rebound Thursday in Shanghai and Shenzhen tape finally show signs of weakness, the two cities both drop homeopathic cities opened lower Friday, as happened over the weekend, and investors over the weekend by news of the re-emergence of concerns about signs of two City all day to maintain a strong shock, tape Suliang obvious signs of the Shanghai Composite closed at 4132.87 points, up 17.66 points, Shen Chengzhi to close at 13,697.16 points, up 30.88 points, the two cities, and 84.1 billion yuan turnover of 157.5 billion yuan.
Friday by news of concern is the vice chairman of the SFC, said no timetable for launch of stock index futures, China Securities Regulatory Commission currently is busy doing all the preparation work. Can be said that the news from this perspective, the recent introduction of stock index futures still difficult, correspondingly, the market can still be a relatively stable market environment.
Disk show that the market turmoil over the farm, off the value of money is still actively mining stocks and a number of themes high quality stocks, machinery and equipment, nonferrous metals, and retail home loans to borrowers remain active posture, non-ferrous metal stocks, Shandong Gold, Jean nickel industry, Your research Platinum, Tin shares, shares, etc. are better off aluminum or, the recent industry researchers to give the industry to overweight rating, we recommend investors to stocks actively tap the plate, with a total growth of the industry. Mechanical plate stocks, the Hudong Heavy Machinery, Guangzhou Shipyard International, Longxi shares Dengjun strength pulled emerged signs stacked stocks hit a new high, continued to open up space, it is worth the short-term funding approach game, small and medium panel stocks in the Hublot shares, Guomai technology and three-dimensional communication Deng Jun appeared to rise sharply, off the inflow of capital is very obvious signs.
The market continued to rebound in the confidence of investors under the effective restoration, while the ample liquidity to continue to dominate the market a strong run. Shen Chengzhi this week has taken the lead three hit a new high, which in turn stimulate long-term investors continue to optimistic and determination. However, the internal situation from the market point of view, for 7 days after the rebound in the two cities close to the valuation level of the early high, statistics show that during a slump before the May 29, the two cities all the A shares of the weighted average price-earnings ratio in 40 times that level, after the recent rise, falling this week, before the three cities of A shares has reached an average of 38.73 times earnings, valuation once again under pressure. Technical look at the same time, stock index climbed to 4100 points, due to prudent investment investor psychology have gradually gained the upper hand, but also severely constrained the market to do more emotional, some sort of relief plate will be considered withdrawn gradually, these factors have a dramatic suppression of the short-term market, the broader market is not short-term shocks避免. Investors are advised to proper control of operational positions, adopt a relatively conservative defense strategy should focus on the performance of varieties of positions outstanding, a higher margin of safety and a number of second-line blue-chip stocks by mid-year report pre-, primary and secondary panels in high-growth stocks are also choose to adjust the machine Jiancang focus, such as the Sun Paper, Vosges shares, Hidenobu shares and gold praying mantis, etc..
