Category: Money Tips Date: 2006-07-02
Source: Anhui Emerging Author: Kang Shumin
Thursday tape out of the meager, low-opened quickly after early gains, but sharp pullback before the morning close, after the afternoon trade, led by strength in the banking section, the broader market gradually rebounded, Zhongpanhuzhi to close at 1740 points, rose 8 points, a day 21.7 billion turnover, with Wed flat, K-line figure remains a good trend.
Message level, the Green Shoe for mainland distribution system with international standards, the market is more stable walk. Green shoe companies in the U.S. when the IPO, named after the first use of the green shoe system (over-allotment option) recently released an official in the Mainland, and is expected to be the first to use listing of Industrial and Commercial Bank of China, help them set a world record size of IPO . Second, China Merchants Bank H shares listed on September 22, China Merchants Bank H shares is expected to rise to 20% on the first day, affected by this news, China Merchants Bank A shares higher again, and bring the whole banking driven plate climbed, following the broader market push up Seoul. Third, the number of B shares on accounts usher in the climax. With the recent B-share market's "blowout" market, the two cities on B-share accounts, usher in the climax. In the company's Web site posted the latest statistics showed that the two cities September 19 New B share accounts at 713 days compared to the previous session B-share accounts increased 560%. As the B-share market is expected to strong, which will to a certain extent, promote the A-share market strength.
The secondary market, the Thursday market in the broad-market index stocks rise division, G Pudong, G China Merchants Bank, G livelihood, G Maanshan Iron & Steel, G Unicom, G Wanke trend is better, the other broad-market index stocks adjustments. Disk hot spots are more messy, but stocks rose more or less disk observation, funds are still more active, it must take advantage of multi-party. From the technical level analysis of the broader market since September has remained small step Manniu pattern, during which the amount can be about 20 billion daily in that market trends are more stable when Liangnengfangda afternoon, then the broader market will have a new high point, and China Merchants Bank H-share listed Friday are likely to lead A-share market hit a new high.
