Category: Money tips Release Date: 2006-06-04
Source: Ling Xue-wen Guangzhou Bandung
Very similar trends with the previous day is Wednesday re-emergence of Shanghai and Shenzhen broader market intraday volatility, the strong run up the pattern; Shen Chengzhi 9 Lian Yang Lian Yang and the benchmark Shanghai Composite Index 5 day K-line combination of strong operating characteristic showed that the current market is still very evident , in particular the income for two consecutive trading days out of the "hammer-shaped K-line" indicates that there is still ascribed to the short-term potential. Worthy of investor attention is that China's foreign trade surplus in March was only 6.87 billion U.S. dollars, the highest since the 12-month low. The significant downturn in trade surplus will rise to liquidity risk is worth studying. Asset reorganization, the assets into tradable with the overall market will continue to be an important investment theme of the times. On the other hand, with the future launch of stock index futures, the recent formation of the market, "futures effect" is further spread. Specific operational strategy, the proposed investors in the afternoon may be ascribed to the process of further optimizing the structure positions in order to reduce the risk of stock volatility.
[Today's market conditions]
Wednesday broader market continued its strong shocks Shanghai and Shenzhen rising market, a similar trend with the previous day, the intraday stock index reproduce rapidly and cause significant Xipan shock, but because of the market to undertake a fairly strong, Yao City in funds to promote re-back, and to close to all-day high of reported income, both close out with a long lower shadow of the "hammer-shaped" Yang K line, the total turnover of about 241.82 billion. As of today, Shen Chengzhi has formed nine days with Yang K-line portfolio, with the Shanghai Composite index closed 5-yang, the corresponding volume showed a moderate amplification of the trend is expected to be further ascribed to the short-term potential.
From the disk situation, stocks continued to show differentiation trend of the situation, in which the Shanghai market Change Number ratio of 472:386, Shenzhen market, the ratio of 353:272 Number Change. From the table or view, Stock Quotes staying active, the North Sea countries hair, in the river real estate, Aetna Group, Pudong construction, copper is copper, Chinese laborers science and technology, Ningxia Orient Tantalum Industry and other 43 non-ST stocks daily limit. The specific point of view, non-ferrous metals with good performance is expected to continue to be sought after resources such as plates, such as copper are copper, Ningxia Orient Tantalum Industry, Xin Branch materials, Jiangxi Copper, China International Capital gold, Zhongfu Industry, Henan Yuguang Gold lead. Asset restructuring, private placement, injection of assets and the overall theme, as well as have the shares listed on the variety of value-added potential, the market has also been an active pursuit, such as the River real estate, the United States are holding, Zhejiang, East China High-Tech, Gezhouba, Dongfang Electrical Machinery, boilers, etc. Oriental. Worth noting that some financial sector stocks, as well as weight index stocks such as China Merchants Bank, China Minsheng Bank, China Unicom, China Petroleum and become the focus of capital flows continued to be the main driving force where the index rose.
Wednesday, the Shanghai Composite Index opened to 3454.42, the highest point of 3497.52, the lowest 3428.78 points to close at 3495.22 points, up 50.93 points, or 1.48%, turnover of 157.818 billion; Shen Chengzhi opened 9688.18 points, up 9757.99 points, the lowest 9535.66 points to close at 9753.78 points, up 101.10 points, or 1.05%, on turnover of 84.022 billion.
[Today In news]
Wednesday mainly in the following several news worthy of investor attention:
1, Kuo Mu Fund Jiancang time to relax to three months. Sources for large-scale fund dividends, share splits, Feng Zhuankai continued focus on marketing, such as caused by an explosion, resulting in lower than the proportion of securities investment fund contract of this situation, regulators recently sent a letter clear, fund managers may be will adjust the time limit be extended from 10 trading days to 3 months.
2, in March, China's foreign trade surplus of 6.87 billion U.S. dollars, 16.89 billion U.S. dollars dropped in, the highest since the 12-month low. Statistics show that China's imports and exports in March worth 159.99 billion U.S. dollars, an increase of 10.4%. Among this, exports 83.43 billion U.S. dollars, an increase of 6.9%; imports 76.56 billion U.S. dollars, an increase of 14.5%, higher than the export growth rate of 7.6 percentage points over the same period. March trade surplus decreased significantly compared with the previous two months, and since the first time since March last year, dropped to below 10 billion U.S. dollars, the trade surplus to expand the scale of the momentum remarkably reduced.
3, yesterday, the Ministry of Finance, the State Administration of Taxation issued a circular to announce the approval by the State Council, from April 15 onwards, part of the special steel and stainless steel plate, cold plate, coating and other high-end products, the export tax rebate rate fell to 5 %; carbon steel, hot plates, profiles, wire rod and other steel products is the elimination of export tax rebates.
4, price tender yesterday the central bank issued 40 billion yuan of one-year notes, the issue price of 97.11 yuan, the corresponding reference yield 2.9760 percent, unchanged from last week with the maturity period, lower than previous market expectations. Analysts said the central bank this week at the expiration of the increase in ticket cases, reduced one-year central distribution of votes the number of votes in a stable interest rate they wish to central intention clearly, this could lead to the central voting interest rates continue unchanged.
5, according to statistics, from refinancing the ban can be implemented additional directional since the Shanghai and Shenzhen listed companies received a total of 82 approved by China Securities Regulatory Commission, and who wish to implement a targeted additional programs. Fund-raising total 119.019 billion yuan, of which non-cash assets totaled 63.59 billion yuan, raising a total of 55.429 billion yuan in cash.
[Afternoon Brief]
Very similar trends with the previous day is Wednesday re-emergence of Shanghai and Shenzhen broader market intraday volatility, the strong run up the pattern; Shen Chengzhi 9 Lian Yang Lian Yang and the benchmark Shanghai Composite Index 5 day K-line combination of strong operating characteristic showed that the current market is still very evident , in particular the income for two consecutive trading days out of the "hammer-shaped K-line" indicates that there is still ascribed to the short-term potential. In the article I already mentioned in the previous session, after trading with the market's rapid Xipan orderly wheeled hot spots has become a money-driven the current bull market, a prominent feature. On the one hand, due to the continuing rise in over a year, the market accumulated huge cash profits chips there is the pressure, thereby increasing the short-term fluctuations in stock; other hand, with the continuous influx of new capital, in the the performance of listed companies than-expected growth and future stock index futures under the formation of the expected launch of the structural opportunity to also become a hot chase where the current market, while the formation of large-scale high-quality assets into a systematic opportunity to continue to enhance the A shares the market valuation.
From Wednesday's market performance, in addition to the good performance of growth is expected to iron and steel, nonferrous metals and other resources to remain active outside of class variety, directed issuance, asset reorganization, the assets into the overall theme of species listed in hot pursuit by the market, a number of individual stocks strong limit - including Dongfang Electrical Machinery, Dongfang Boiler, Liyuan Hydraulic, middle river real estate and so on. In a recent article, I have repeatedly mentioned that since 2006, through the establishment of management stock incentives, a major shareholder orientation issuance, asset replacement and asset injection and other innovative means for listed companies to obtain sustainable development. For listed companies, through a substantial reorganization of assets, or group of large-scale injection of quality assets allows the company to be a great degree of improvement in fundamentals, and enhance the profitability of the company so as to enhance the value of their investment. Is worth noting that, asset reorganization, the assets into tradable with the overall market will continue to be an important investment theme of the times.
On the other hand, with the future launch of stock index futures, the recent formation of the market, "futures effect" is further spread. As the stock index futures with hedging capabilities, to a certain extent, reduce the weight of indicators shares (the subject of stock-index futures varieties) of the investment risk, and attract mainstream institutions to further increase the weight of the configuration of the proportion of target shares, while the weight of indicators shares rise will inevitably bring about the index rose, creating outstanding "stock index futures effect." Noted that, as the subject of the Shanghai and Shenzhen 300 index futures index (399.3 thousand) consecutive upside momentum, as of Wednesday had not even received 9-yang. Some of the weight species including Bank of China, Sinopec, China Merchants Bank has more upside row, these indicators stock market strength to effectively raise the center of gravity.
Worthy of investor attention is that China's foreign trade surplus in March was only 6.87 billion U.S. dollars, the highest since the 12-month low. The significant downturn in trade surplus will rise to liquidity risk is worth studying. General studies that tape to determine whether the observed indicators of systemic risk has two, one of which is the trade surplus. If the trade surplus for three consecutive months of less than 80 billion U.S. dollars, then it means that liquidity will be a problem. Therefore, the data suggest that investors continue to focus on the changes in the trade surplus. Specific operational strategy, the proposed investors in the afternoon may be ascribed to the process of further optimizing the structure positions in order to reduce the risk of stock volatility.
