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Data:2009-12-12 2:34
Source: Shenzhen Chita surplus
After a see-saw back and forth several times, after the market this week, five in the banking, real estate two-wheeled, driven by sharply higher, with Hu Zhi rose 145 points and successfully recover the 4,000 points mark, as that is not to be outdone in Shenzhen rose 627 points, Shanghai-round activity to directly stimulate the local stock market sentiment, the two cities combined turnover of more than 1600 billion yuan, from the previous month significantly enlarge the market early swept away the haze, the strong pattern of re-established.
Bad digestion is expected to be
July 19 National Bureau of Statistics released the first half of the major economic data. 10.6768 trillion yuan in the first half of gross domestic product, an increase of 11.5%, China's consumer price index rose 3.2%, or more than the same period last year rose by 0.9 percentage points, fixed-asset investment increased by 25.9%. The subject of concern to the market in June CPI up 4.4% year on year rise, the highest since September 2004 high. Although the data did not exceed market expectations, the characteristics of the economy overheating is more obvious, at the same time, 6 at the end, M2 stood at 37.78 trillion yuan, up 17.06%, M1 balance of 13.58 trillion yuan, up 20.92% . The deposit balance of RMB 36.94 trillion yuan, up 15.99 percent, the loan balance of RMB 25.08 trillion yuan, up 16.48 percent, in June RMB loans increased by 451.5 billion yuan, an increase of 56.6 billion yuan year on year. June full of money and new credit data to speed up. In this context, the management will be widely expected new round of tightening regulation.
From the recent market trend of view, the two cities continue to shrink volume, indicating that investors are still waiting to see the atmosphere heavy. Short-term stock still in the average clamping system, among the resistance, under the support. As the volume is not put out, it is difficult to form a large upward striking power, the rally was not much room; and down, after a pre-adjusted generally reluctant sellers, investors, short and relatively less power. Is worth noting that, as of July 18, the two cities a total of 678 listed companies issued a notice of interim results. Notice of the company's performance based on an estimate, excluding 12 newly listed companies, 666 companies are expected by mid-2007 net profit will reach 138.727 billion yuan, compared with the same period last year representing an increase of 77.46%. Therefore, though the broader market oscillation amplitude began to converge, the market has been waiting for the introduction of sensitive data, but the mid-year report-than-expected performance in the market still constitute a solid foundation, once the macroeconomic data released this week, four in the first half finished, but a breakthrough in creating broad market opportunities for upward .
Finance, real estate is the main line
According to the Chinese Foreign Exchange Trade System published data showed July 2 to 13, the yuan central parity rate against the U.S. dollar total in the 10 trading days up to 344 basis points rate far higher than the end of the last six trading days 58 basis points 10 gains. It is worth mentioning that the July 3, the U.S. dollar against the yuan central parity reported 7.5951, for the first time since the exchange rate reform integer 7.60 mark, while the July 10 and 11, respectively, reported that 7.5845,7.5712, rapid breakthrough 7.59 and the 7.58 resistance level. July 11 exchange rate parity of the exchange rate reform is to achieve even more since the latest high point of 8.11 when the exchange rate reform in accordance with the exchange rate of yuan appreciation cumulative rate of about 6.64%, obviously the pace of yuan appreciation accelerated recently saw an obvious trend of .
In this context, the financial, real estate, represented by the recent trend of appreciation of the renminbi proceeds plate is extremely strong, Shanghai Pudong Development Bank, China Merchants Bank, Shenzhen Vanke, Poly Real Estate, is certainly to become the main force in the current round of Quotes, these species share price continued to related stocks soared on the one hand to stimulate a chain reaction, typically such as a new listing of Bank of Ningbo, etc.; the other hand, because of their weight effect of a larger, its contribution to index for all to see. In fact, from the recent 56 of the 347 Fund, fund companies to disclose quarterly in 2007 two can be discerned. According to statistics, in the second quarter financial and real estate stocks continued to overweight by the Fund. Finance and insurance industry is a fund favorite, holding a high market value reached 215.1 billion yuan. In addition, real estate holdings is also the focus of the second quarter of the fund industry. China Ping An, China Merchants Bank, Vanke, and Suning Appliance and other stocks favored by the Fund, highlights the appreciation of the RMB investment theme.
To establish a strong market
On current fundamentals, the performance of listed companies than-expected growth, the pace of yuan appreciation is still solid and strong, poised after a pre-adjusted for the composition, A-share market will continue the pattern of the long-term bull market. In the short term, despite the stock market operation oscillation will continue to be the norm in the future, but the tape did not have a big negative impact, on the contrary, fully adjusted to a certain extent, absorb part of the upward pressure, thereby increasing market right outside the capital The attractive, more funds will occur in the intervention part in promoting the broader market up. As the financial, real estate section for this round of the Quotes of the main line, its future performance will continue to be the leading trend in the broader market, so little mining or related species that is still way short-term investments. In addition, in the country to develop a green economy and levels of government step up efforts against the backdrop of energy-saving emission reduction, energy saving and environmentally friendly home loans to borrowers of investment opportunities also requires a high level of attention.
