Category: Money tips Release Date: 2007-05-06
Source: Department of Yang Investment
1, the market description
Today, the Shanghai Composite Index opened 4110.74 points, up 4193.45 points, the lowest 4102.04 points to close at 4176.48 points, up 104.34 points. Shenzhen Cheng means the opening 13,683.65 points, the highest point of 13,984.59, the lowest 13,671.07 points to close at 13,811.48 points, up 231.76 points, the two cities turnover reached 345.44 billion, recently traded continued to enlarge.
As the market expected the macro-control measures were not introduced, early today, stock in the Industrial and Commercial Bank of China, China Life surged, driven by continued high-opened high-go, the Shanghai index intraday day after the firm was also hit 4100 points, 4200 points, while the following yesterday's deep into a mean, after reaching record highs, the Shanghai 50 Index hit a record high today, two days before the strength of the intraday high Awkwardness of Fund finishing strong, while the number of yesterday disk lower limit of the subject shares of low-cost comprehensive compensatory growth, and many still today, homeopathy limit-afternoon, Bank of China, Industrial and Commercial Bank of China is driving the market sharply higher showing a broad based pattern. Because this week, four markets the fund will focus on distribution of about 50 billion yuan incremental funding.
2, hot track
That the RMB exchange rate volatility, last Friday the dollar rose to 7.6785 yuan central parity once, but yesterday the yuan central parity rate rose 310 basis points reported 7.6475, and today is a breakthrough U.S. Dollar 7.63 to 7.6282 in appreciation of the yuan continues to accelerate cases, ample market liquidity will not change the status quo, which became the main basis for the market to do more. Disk point of view, real estate, aviation and other subjects clearly benefited from the appreciation of the RMB stocks sharp rise in property shares a number of stocks reaching record highs, such as China Vanke, Poly Real Estate Group, leading real estate investment and real estate, today rose more than 5%, Investors are advised to continue to have the real estate section some fundamentals and growth potential supported by real estate stocks to continue to give excessive attention to a high degree.
Third, the external market
June 6 exchange rate 7.6282. Surrounding markets fall across the board today, where the Nikkei and the Hang Seng Index fell 0.16%, 0.05%, of which the largest decrease in the Indonesian stock market fell nearly 1%. Hang Seng Index opened lower this morning following the periphery 109 points, followed by decline narrowed slightly to close at 0.05% still. Chinese telecom stocks Mobile (0941-HK) rose 0.2%, the proposed dismantling of the China Unicom (0762-HK) down 0.52%, Netcom (0906-HK) down 0.49%, China Telecom (0728-HK) down 1.09%. Chinese financial stocks were little changed, the National shou (2628-HK) and Ping An Insurance (2318-HK) rose 0.2% and 0.22%, PICC P & C (2328-HK) down 0.84%; "six-line", the Public Bank (1398 -HK), cross-line (3328-HK) and China CITIC Bank (0998-HK) fell 0.1% to 0.68%, China Construction Bank (0939-HK) and China Merchants Bank (3968-HK) rose 0.43% and 0.24%, Bank of China ( 3988-HK) flat; Min Holdings (0222-HK) intends to spin-off listing of Xiamen International Bank, following a high 11.77% after yesterday's draw, today rose further by 5.03%. Resource sector, PetroChina (0857-HK) and Sinopec (0386-HK) Soft 0.19% and 0.59%; coal stocks down, Shenhua (1088-HK), China Coal (1898-HK), and Yanzhou Coal ( 1171-HK) across the board are more than 1%; In addition, the Ministry of Commerce of the implementation of indium and molybdenum products export quota management, with effect from June 18, Hunan Nonferrous Metals (2626-HK) and Luoyang Molybdenum Industry (3993-HK), respectively l 1.16% and down 0.33%; in aluminum (2600-HK) is integration of Baotou Aluminum, resume trading up 3.24%. Shipping and port stocks fell, soon issued A shares in China COSCO (1919-HK) down 1.53%, Tianjin Port (3382-HK) dropped by another 3.02%, China Shipping Development (1138-HK) down 1.21%.
Fourth, the mainstream middle track
Along with the gradual marketization of interest rates, the continued expansion of direct financing channels, the entire banking industry is facing to the small businesses, retail business, the middle of the transformation of business and diversification. In this process, have a good level of management, ability to quickly adapt to market changes will certainly be the forefront of joint-stock banks. Expected in the next three years, the joint-stock banks to maintain more than 30% of the net profit growth of state-owned banks to maintain more than 20% of the net profit growth, which will not deposit reserve ratio, or multiple increases in deposit and lending rates change. In particular, there is excess liquidity and the RMB appreciation, the bank stocks in the long-term investment value is still very large. In fact, there Wednesday a wave of bank shares pulled Quotes Fast heavy volume also shows that the plate had begun to pick up, afternoon worth the wait!
