3.31 at night, I 【Abstract】
shot in the oversold financial sector and some blue-chip rebound, led by Shanghai and Shenzhen on Wednesday presented the broader market rebounded bottom, ascribed the trend of consolidation, the two cities combined turnover of about 125.947 billion. run from the day index trend point of view, early on the Shanghai Composite Index opened higher to 3370.60 points after the shock to bottom, and again refresh the market low of 3283.64 points, after some in the financial sector and was quickly oversold blue chips led a rebound, the Shanghai Composite index was highest ascribed to 3464.53 points, but finished lower as the financial sector and the stock continued to plunge in the afternoon again weaker broader market, which will eventually bring a small lower shadow Yinxian barrel. The Shenzhen Component Index to adjust prices accordingly hit a new low and maintain low order patterns.
== Introduction to this wonderful ==
(a) the general trend of
1, banking stocks: the first shot fired concerned about two types of bank shares rebound
2, stock swings Insurance stocks were prominent
3, the market downturn is expected to gradually get rid of the bank shares: the first shot fired the rebound in bank shares concerns
two banks: the first shot fired the rebound in bank shares concerns
two massive rebound in banking stocks yesterday, including Industrial Bank (601166) and other small market shares of banks also took the lead in A-share market soaring yesterday as a pioneer in the official market, it appears that banks fired the first shot rebounded. So, the follow-up market could continue?
valuation of loans slowed down to defuse the pressure depression
For the banks, the pre-adjustment of the main point is that, first, the pressure to refinance, especially Shanghai Pudong Development Bank (600000) refinancing of the funds made sensitive nerve re-tighten. because the bank shares in the business process, both will meet the size of loans created by the expansion rate of decline in capital adequacy challenge, therefore, by re-financing to supplement the core capital adequacy ratio is also as expected. The second is the pressure of slower loan growth, due to tight monetary policy makes loans growth rate gradually slowed down, the profitability of the banking sector in the current mode of the poor still rely on the context of deposit and loan, loan slowdown will undoubtedly room for growth inhibition of bank shares. Third, limited ban sale of shares, especially small and medium market value of bank shares The more groups of restricted shares, reducing the desire to more strongly.
However, the current valuation of bank stocks effect of depression can be more easily resolve the two major pressure because of the current banking stocks mostly down to the dynamic price-earnings ratio of 18 times , mostly dynamic book value decreased to about 3 times to profitability indicators, the current valuation of gravity is quite large, the valuation effect of depression is indeed clear. In effect, the refinancing is expected to defuse the pressure. In particular, loan growth is slowing down, because this factor only means that slowing the growth of bank shares, rather than do not grow, so, industry analysts believe that a relatively cautious in the current tight monetary policy, banking stocks in the 08 years, 09-year compound annual growth rate is still expected to maintain performance at 33%, so the data once again illustrates the effect of low-lying land valuation bounce with the strong momentum is expected to resolve the refinancing is expected to bring price pressure.
forecasted or in the first quarter of the current share price catalyst
bank stocks also usher in a stock catalyst, that is, banks by a quarter of the pre-expectations, partly because the low base last year's first quarter, the current the size of loans banks are still up, which is conducive to the size of bank shares simultaneously improve profitability. At the same time, as the economy running smoothly, gradually reduce the company's non-performing loans, which makes the profitability of the banking industry is also greatly enhanced, drawing prepared red Back is also expected to push up the profitability of the banking sector size.
more importantly, in the January 1, 2008, the central bank to raise interest rates in 2007 continued to mortgage rates after the new standards will be implemented in accordance with, this is also help expand the scale of the profitability of bank shares. allow banks to raise interest rates because of continued interest rate differential expansion of bank deposit interest rates in 2008 than in 2007 increased 38.40 basis points; in 2008 than in 2007 bank lending rate increased 82.57 basis points, deposit and loan interest difference will increase the 27.72 basis points, which means that the banking net interest income will raise interest rates by 07 lag of about 10% adjustment, net profit growth to promote the bank raised 11.5%. is to say, industry analysts speculated that do not considering the size of loans increase 08 to 07 single-rate hike in 2008 caused by deposit and loan spreads, the banking industry can make profits in 2008 rose by more than one.
the other is because the tax factor. In 2008 the implementation of a new tax law, not only makes the effective income tax rate from 33% to 25%, but also makes the tax base to promote the expansion of the effective tax rate of decline, especially tax wage base improved. Therefore, the collection industry analysts speculated on factors that could also boost the banking sector in the 2008 first quarter results for the trend of sharp growth.
Looking at the present disk, a quarter has started kicked off pre-hi, also means that one quarter is expected to substantial growth in bank stocks will also be published in the recent first quarter results have been pre-hi announcement, so that makes the valuation of the sector has a dominant low-lying land and a quarter the number of subjects pre-announcement hi stimulation, thereby promoting the inflow of funds from various quarters to the bank stocks, it makes the bank stock prices in the first half of the week this week, appeared to stabilize the trend has been a rebound in the power of savings, so it is a soaring yesterday to do more focused on the release of energy. < br> gradually coming investment opportunities, concerns two types of bank shares
Because of this, I believe that banking stocks does the recent A-share market is expected to become the first to rebound in the species, suggest that investors focus on two types of banks, first results are expected over expected growth stocks, including Industrial Bank, Shenzhen Development, Shanghai Pudong Development Bank, China Merchants Bank (600036) and other small market shares of banks. Second, the Bank of Ningbo (002142), Bank of Nanjing (601009), Bank of Beijing (601169), and other city banks, they its growth momentum from the national business growth brought about by the layout of the kinetic energy, can be tracked. (Qinhong)
stock performance of insurance stocks swings prominent
the next trading day: Bullish
broader market swings on Wednesday, One trend of strong financial stocks, but the second and third line stocks to continue to maintain the bottom of the pattern of shocks is expected to gradually released as the kinetic energy of short, short-term rebound in the broader market is expected to up.
news side, announced yesterday, Important notice the first time in recent years, the need to prevent the risk of economic downturn occurs. Also, notice that the relevant agencies are also responsible for optimizing capital market structure, promote stock market stability and healthy development, strive to improve the quality of listed companies to maintain an open, fair and just market order, establishment of GEM, accelerate the development of bond market and steadily develop the futures market. At present China's stock market has become a barometer of China's economy, the recent market concerns about possible hard landing of China's economic situation, there have been ongoing stock plummet market. However, everything has its value, which also includes a stock point in 6100 denied that the Chinese stock is very expensive, but the 3300 points we should be treated separately, and as peace, China Railway Construction prices of these stocks has been lower than Its H shares. Of course, the level of valuation the investors mind at peace, and this balance will be the impact of market confidence. The government has already realized the need to prevent the risk of economic downturn, we believe that market confidence will be the follow-up pick up, after all, the purpose of macro-control is to the Chinese economy continuing to go smoothly. Recently, the Yuan, Jing Shengou open-end funds of which about 200 billion closed-end fund size increased by more than 100 billion yuan. In the open-end fund, the partial stock funds there have been some net redemptions, approximately 170 million. First of all, we believe that This news is important, because it is worried about our recent questions redemption. Though the market mentality is changing, but the broader market continued in the first quarter fell sharply in the process, the Christian Democrats could be a rational treatment very good thing. In addition, through this information, we can infer a lot of cash in the hands of the current funds, while the stock position is also faster to lower the level of estimates, and this follow-up rebound for the market to provide favorable conditions.
hot spots today, China Life, Ping An Insurance shares rose sharply, etc., the fundamental reason is that the former stage of the peace under the influence of refinancing result there underestimation of the value of the plate. In fact, the current A-share market volatility trend of consolidation in the insurance company double meaning, one can make a more robust increase in investment income and durable, it also would ease the stock market hot for diversion of premium income. Meanwhile, inflation is expected to uplift and to continue to raise interest rates, domestic bonds and notes rate increased significantly recently, this bond investments of insurance companies is very helpful. In addition, China's insurance companies due to the lack of financial market instruments, are still most of the funds invested in bank deposits and bond yields lower, The expansion of the size of corporate bonds to have ample liquidity to the insurance companies to provide more investment options to enhance investment income. Therefore, in the context of RMB appreciation, insurance stocks in financial stocks is expected to become the most shining pearl. < br> Technically, the broader market swings on Wednesday, although intraday China Life, China Construction Bank, led by strength in financial stocks overall rise in the index stocks led the collective strength plate, but the second and third line stocks as a whole trend is still not optimistic. The volume can respect, yesterday's somewhat enlarged, market activity has also increased. Meanwhile, the gradual recovery in overseas markets, but also the formation of the A shares active role. short-term view, as banks and real estate funds Shigekura species overall strong rebound, the market began to reverse the pattern of weakness, and many individual stocks after recent sharp decline, the rebound kinetic energy is also growing, opportunities for individual stocks increased significantly, which in turn will effectively stimulate the market's enthusiasm. Therefore, the short-term up the broader market is expected to rebound, and Awkwardness of Fund oversold rally is expected to commence retaliatory. (Guangzhou Hironobu)
market downturn is expected to gradually get rid of the operation pattern, the market's short pressure comes mainly from small-cap stocks and large stocks sell into the subject, while the blue-chip financial sector and part of the oversold rally has become an important driving force broader market bottomed out. Therefore, it is further emphasized is that the effectiveness of future market rebound will depend largely on the performance of oversold blue chips. I believe that, as market participants should also be on the current downturn of the market maintain a rational, calm and investment mentality, dialectical view of the refinancing of listed companies, the size of non-lifting of the ban; the same time should also see rapid growth in the macroeconomic, RMB appreciation and the background of relatively abundant liquidity, after the last stage after the sell into the non-rational, as A-share market barometer of the national economy is entirely based on the conditional phase-out of the dilemma remains in the doldrums.
[today's market conditions]
oversold in the financial sector and some blue-chip rebound, led the broader market Wednesday, Shenzhen and Shanghai bottom show a rebound, ascribed the trend of consolidation, the two cities combined turnover of about 125.947 billion. run from the day the trend index of view, early on the Shanghai Composite Index opened higher to 3370.60 points after the shock to bottom, and points again to refresh 3283.64 the stock market low, and some later in the financial sector was oversold blue chips led a rebound quickly, the Shanghai Composite Index shot up to 3464.53 points up, but with the financial sector stocks finished lower and continued to plunge in the afternoon weaker broader market re- , which will eventually bring a small lower shadow Yinxian barrel. The Shenzhen Component Index to adjust the corresponding prices hit a new low, and maintain the pattern of low order.
from the disk situation, stocks continued to show serious Pudie phenomenon, in which the Shenzhen market rose Number or ratio of 52:666, the Shanghai market, the ratio of 89:774 Number Change. from the style section of view, the overall rebound in the financial sector, such as China Life, Ping An of China, Bank of Communications, Minsheng Bank, China Construction Bank, Shenzhen Development A rise in the forefront among other; some oversold blue chips and the second commenced in the new blue-chip rebound more substantial, such as Datang Power, China Railway Construction, China COSCO, the Chinese iron and so on. drop list, the small-cap stocks and shares some themes continue to plunge, the two cities more than 100 stocks to hit bottom to close, including the Han's Laser, Hite high-tech, East power transmission, power co-shares, Fudan Fuhua so.
Wednesday, the Shanghai Composite Index opened 3370.60 points , the lowest 3,283.64 points, up 3464.53 points to close at 3347.88 points, up 18.72 points, or 0.56%, turnover of 89.264 billion; Shenzhen Component Index opened 12,537.55 points, the highest 12,862.83 points, the lowest 12,100.49 points to close at 12,344.24 points, down 116.38 points, or -0.93%, turnover of 36.683 billion.
[today's news of]
Wednesday, mainly in the following information for investors to focus:
1, yesterday issued a system, optimize the capital market structure, promote stock market stability and healthy development, strive to improve the quality of listed companies to maintain an open, fair and just market order, the establishment of GEM, accelerate the development of bond market and steadily develop the futures market. These efforts by the people banks, financial regulatory bodies responsible.
2, the Commission department heads yesterday, as of March 28, a quarter of the Fund Jing Shengou more than 30 billion yuan. In the open-end fund, the partial stock funds that some net redemptions of about 17.0 billion.
3, the first quarter of this year, the RMB against the U.S. dollar accelerated to 4.06% cumulative rate of appreciation. Analysts expected RMB appreciation in 2008 is likely to reach or exceed 10%. exchange reform then, the RMB has appreciated 15.6%, 10% this year if the appreciation of the renminbi, the year-end total appreciation of the RMB will be 27%, this rate of appreciation will be living on the domestic economy, and the external capital and trade relations, and even the global economy, financial and monetary system have a profound impact.
4, as planned, the National Bureau of Statistics will be held April 17 news conference, a quarter of the economic data will be unveiled. experts predict will show the first quarter of China's economy > 5, the World Bank yesterday released 1-2 percentage points to 8.5%. the World Bank reminded the U.S. sub-prime crisis on East Asia's banks and financial institutions have little direct impact, but the resulting financial turmoil led directly to the stock market crash the entire East Asian region . fell through business or bank balance sheets have contagion effect, may become the East Asian countries need to pay close attention to one of the many financial problems.
6, February and March compared to the large-scale lifting of the ban, the restrictions in April sale of shares listed on both the number of shares or the market value from the lifting of the ban have decreased significantly. According to wind data show that in April there were 147 listed only ban sale of shares in circulation, lifting the total number of shares to 11,480,000,000 shares, to the current closing price, lifting of the ban The total market value of about 150 billion yuan.
[outlook Comment]
bottom show the broader market rebounded Wednesday, Shenzhen and Shanghai, ascribed to meet resistance down trend. in which the overall rebound in the financial sector and some oversold blue chips rebound lead, in intraday trading on the Shanghai Composite Index broke through the 5 day moving average back pressure. But with the financial sector and in small cap and the finishing ascribed theme stocks continue to plunge, Shenzhen and Shanghai again weaker broader market, on the whole still adjusted to maintain the pattern of weakness. In fact, from the last two trading days of the operation pattern, the market's short pressure comes mainly from small-cap stocks and large stocks sell into the subject, and part of the financial sector is oversold blue-chip rebound become an important driving force broader market bottomed out. Therefore, it is further emphasized that the effectiveness of future market rebound will depend largely on the performance of oversold blue chips.
trends from the operation of stock index Look, Up to now, Shanghai and Shenzhen tumbled trends in the broader market is still very obvious, the two cities on Wednesday to adjust stock prices have also hit a new low, making the Shanghai Composite Index fell from a record high of 6124.04 points since expanded to -46.38%, the largest decline . The author has repeatedly pointed out recently, the continuing plunge in the last stage of a non-rational sell into, the management should be decisive policies to rescue the introduction of market confidence and stability. From the factors that induced the decrease, the market generally believed that the outbreak of the U.S. subprime crisis , substantial refinancing of listed companies, the size of non-lifting of the ban and the macroeconomic concerns have all become key market continues to slump.
but further analysis found that the market continued to slump the past six months led to complete collapse of market confidence and thus creating a vicious circle and further weighed on the market. which, in the context of the broader market continued to fall, after the implementation of new accounting standards, changes in accounting measures also have an important impact behavior of listed companies on January 1 .2007 from the first in the implementation of the new listed companies accounting standards, a very obvious change is the greater use of accounting measurement methods of the market, fair value measurement, the operating results of listed companies which produce significant amplification of the positive and negative effects. because the new accounting standards require listed companies in accordance with the principles of fair market prices the value of their holdings, prior to the cost method is different from the many cross-shareholdings of listed companies rising sharply in share prices play a positive role on the performance improvement. Conversely, in the current inflation and stock prices continued to fall against the backdrop of fall in the shares because the market price measure but will help the joint effect of share price fall would lead to a significant drop in performance of the company, or even flush the main business profit. If the listed company had a stock price decline is expected, then the listed company is bound as soon as possible , try to sell their stock, and ultimately to the market selling pressure even continued diving serious consequences. Clearly, the past six months, the continued negative impact of the fall has a profound impact on capital market participation in the fundamental interests of all parties . I believe that, as capital market regulators, complete obligation and responsibility to further improvement of standards of the basic system. At present, priority is still on the stability of market confidence, stability, investment is expected.
The good news is, in terms of the species of the attitude of the authority of the media, or from the management's move, the various measures to stabilize the market is gradually implemented. On the one hand, in order to balance supply and demand in the market, the SFC in February this year approved a total of 29 since the issuance of new funds ; information disclosure has been further strengthened and clarified all the negative rumors. I believe that, as market participants should also be on the current downturn of the market maintain a rational, calm and investment mentality, dialectical view of the refinancing of listed companies , the size of non-lifting of the ban; the same time should also see rapid growth in the macroeconomic, RMB appreciation and the background of relatively abundant liquidity, after the last stage after the sell into the non-rational, as the A-share market barometer of the national economy entirely based on the conditional phase-out of the dilemma remains in the doldrums. (Ling Xuewen)
long and short of a tug of war will continue to expand the life and death, Taishiyanpan: index points to 3460 points in 3250 will continue to expand between long and short life and death tug of war.
1, Tomorrow Forecast: continue to shock the see-saw. in insurance, banking and other heavyweights rebounded sharply, driven by stock index on Wednesday was 3464.53 points on the touch, but unfortunately non-blue chip stocks Pudie, dragging down stock index finished lower. In view of Pupil will continue to expand the current market see-saw again, if no major positive introduction of stock index at 3250 points tomorrow to see-saw oscillation between the 3460 low was more likely.
2, ① index fluctuation :3200 -3560 points;
② Run: long and short points in the 3250 -3460 see-saw between points.
③ trend of focus: first, the market is Ruoshi state, if no policy to support the market, the market is more difficult to reverse the decline, close attention policy aspect of the change; Second, concern that the financial, real estate, petroleum, petrochemical, and other heavyweight trend, as some heavyweights in the short term rally after certain adjustments, the trend is likely to produce a certain pressure index; third, concerned about the long and short in 3300 competition for the region near the situation.
3, short, middle trend: the market finished lower, showing differences between long and short is still large, short-term long-short near the area in 3300 to start intense tug of war is inevitable, attention points in the 3300 to 3000 point of regional, multi-market and create the possibility of a technical oversold bounce. tomorrow market trend is very important, if the stock can close out the CUHK Yang Xian, the broader market staged a technical rebound to start the possibility of greatly; if tomorrow the broader market continues to bottom, the multi- launched a large counterattack time will be delayed.
II analyzes the main trends: the rise of the weight of blue-chip, bringing hope oversold bounce phase.
1, long the main trends analysis: China Life, Ping An of China, Industrial Bank weighted blue chips such as strength, not only led to insurance, banking and other heavyweights rebound also pushed for a substantial upside Stock Index, but offer less than the afternoon chase, resulting in both some blue chips and stock index finished lower. shows continued to plunge in after the aggregation of multiple energy needs of a process, however, the weight of these oversold blue-chip rebound or bring to the market oversold bounce phase of hope.
2, short analysis of the main trends: venture capital, agriculture, and gold stocks appear themes large decline in stocks over 100 cities daily limit, indicating that the market panic sell into the continuing release of kinetic energy among the local stocks to adjust for risk, investors should pay attention to avoid.
three operating strategies: multi- differences caused by severe air index see-saw up and down, with many stocks over non-rational sell into the market for new investment opportunities and in the gestation, short-term volatility in the market among investors make risk prevention, while local stocks may be active concerns over various investment opportunities in oversold stocks potential. (Beijing premiere)
(b) of the bull stock market outlook, forward-looking plate capital flows and the hot plate
forward
Abstract: The turnover of the two cities today is 1258.9 billion, an increase of about 13.35 billion yuan the previous trading day, about 6.7 billion net outflow of funds. Today, re-enter the insurance and banking financial sector, so that the plate stood out, but other sections still continued to fall yesterday, such as futures, new energy, Agriculture, venture capital, 3G, chemicals, non-ferrous metal plate fell fierce, the market can be said to have collapsed, the CSI 700 Index dropped by 7.9% yesterday, on the basis of today dropped by another 4.77%, but because of the strong indicators that the Shanghai stock Yao City index closed up 0.56%, to close at 3347.9. The current market in addition to insurance and banking, there's no hot at all, while the large outflow of funds is ongoing, not temporary trading, medium term direction of the real estate and banking.
today followed by the top four financial transactions: banking, real estate, Olympics, coal and oil.
net inflows larger plate: banking (+14.4 billion)
net outflow of funds larger plate: chemical fiber (-7.5 billion), Energy (-6.6 billion), the Olympic Games (-6.5 million), agriculture (-6.5 billion).
hot plate is the medium-term outlook: Short-term bank
hot plate is: another observation < br> Real Estate: The plate, about 330 million today net outflow of funds, short-term can be thrown out yesterday that the stock of the plate waiting to see appropriate, but may continue to bargain mid-term concern. a large net inflow of capital stock are: the Kaaba development of Chinese enterprises, DR golden set, investment real estate.
bank: the plate today, about 1.44 billion net inflow of funds, to outshine others in the general trend plummet very strong performance. In this column pointed out last Friday with 2.1 billion net inflow of funds would continue to bargain attention. net inflow of large stocks are: China Life Insurance, China Merchants Bank, China Construction Bank, Shanghai Pudong Development Bank, Shenzhen Development Bank A, China Pacific Insurance, Industrial Bank, Bank of Communications.
financial and real estate rebound to what
Abstract: From the recent disk, the financial and real estate sector continued to stage started strong, led by this and previous large blue-chip market, the pattern is completely different. So, financial, real estate is simple oversold bounce there are deeper reasons to support it? This is the main content of this paper.
disk from the recent run, the financial and real estate sector continued to stage started strong, led by this and previous large blue-chip market, the pattern is completely not the same. So, financial, real estate is still a simple oversold bounce in support for deeper reasons? This is the main content of this paper.
one launch margin trading and index expected?
the part article mentioned yesterday, the current management policy to rescue the market launch of one of the main obstacles is the interference of departmental interests. But, and reduce the stamp duty, limiting the size of non-tradable difference is that the introduction of margin trading and the index does not involve more than the interests of departments, and its launch has to have some basis in reality. taking into account the Commission or the department will have the urgency to stabilize the market, it still has some power of its launch of index futures.
is evident that in the heavyweight the introduction of the strategic value that will be greatly enhanced, with the sharp early drop weight plates lead to relatively reasonable valuation, it is easy to become heavyweight institutions who got wind of the initial Jiancang goal. means the introduction of margin trading and the expected , does indeed stimulate the effect of financial, real estate prices.
Second, the fund break the crisis triggered by self-help?
Although the Commission to Back to the undoubtedly be considerable pressure.
Statistics data show that the A shares are down by as much as 34%, the status of the fund industry is particularly worrying. The total value of the funds below 1 yuan, have also to face it long time no management fee income in this embarrassing situation. As of March 28, 271 partial performance of stock funds this year were all negative, 132 equity funds average loss of 19.2%; a total of 101 fund value is lower than 1 yuan, and there are as many as 32 fund of fund shares within the 3 billion.
down if the market continues to slump, the fund is bound to eventually encounter a huge withdrawal, a number of small fund will be close to 50 million yuan winding up ;. When this happens, open-end funds are likely to eventually encounter the first time, winding up the embarrassing situation. and once funds wound up to open a gap, then the inevitable will eventually lead to more large-scale redemptions, can be said that both the funds or the management, are are reluctant to see the emergence of this situation.
So, at this stage do not rule out the funds and the Commission and other departments to take some joint self-help action. to restore the Fund's net losses, the most effective way is to promote the financial and real estate represented stage to pick up large cap stocks, and ultimately aim to stabilize the market.
Third, the currency appreciation and other topics
from the external environment, there is a genuine part of the financial and real estate sector to launch market conducive to the subject matter.
such as the U.S. dollar, the yuan has now entered a rapid appreciation of the range of the RMB exchange rate seems to have broken just around the corner 7. not only to accelerate the appreciation of the currency has attracted many overseas speculative capital flow, and also effectively improve the financial and real estate and other assets to attract force.
In addition, a moderate tightening of bank credit is expected to relax, etc., but also inject new vitality into the financial markets, financial and real estate classes in favor of moderate to pick up the fundamentals of listed companies.
four market funds face remained tense < br> Although the rebound with the appropriate financial, real estate conditions, but the current market risk is still worthy of attention. Of particular concern is that market confidence is very weak, the relationship between capital supply and demand tension did not change the short term.
a very obvious phenomenon of recent is the large cap and small cap stocks seesaw between the effect of the nature of this phenomenon is still an active market is based on consumption based on the limited stock funds. and the beginning of this year different is that the current structural funds flow occurred significant change in the inflow from small to large blue-chip stocks disk plate. This shows that the operation of objects and the mainstream financial market expectations at the beginning of a shift, a large blue-chip financial and real estate funds in the market segment has started to become a major concern. and to promote the large capitalization stocks rebound , the Fund must have sold a lot of small cap stocks, so as to free up the limited financial and real estate market stock funds, which in itself is not that market funds face off. (Guangzhou Bandung)
face increasing marginalization of the concept of themes < br> from the current round of adjustment has been adjusted blue chip has taken the lead in the release process of this risk, the vast majority have been re-enter the value of high-quality blue-chip investment range view from the index declines, the Shanghai index added 998 points to 6124 points fallen by more than half of the bull market gains, Shenzhen Component Index has fallen by nearly half of the bull market gains, the stock index of the bull market gains of 1 / 2 measure the decline in the basic completion of the recent banking, insurance stocks have been the first to climb, with a tremendous impact on the index issue price of oil close to the Chinese, the drag on the index of its role will gradually diminish, the investment value of high-quality stock index structure will become more and more strong support. Early varieties have appeared in a number of defensive decline in the forefront of the list, indicating that the market fears has spread to the entire market from the heavyweights. K line from week to see the stock market index has been negative for 7 consecutive week of gains, serious oversold technically, a number of technical indicators have been running low, there are indicators of shock repair requirements, the amount of energy is the market outlook directly determine the bounce height.
suddenly tight liquidity led to a quarter of one of the major market crash. beyond the additional 1 trillion market capitalization, the subprime crisis led to the continued contraction of foreign capital flows, wealth effect of the absence of the deposit br> From the result in another round of adjustment factors, limited ban sale of shares of the situation, with high-quality value stocks gradually into the investment area, reduction of high-quality stocks lifted the pressure will gradually slow down. through several sets of statistics on comparison, the more than 50% reduction of the number of large shareholders is very limited. In the reduction of the total shares, the amount of eighty percent of the reduction comes from more than 60 times the valuation of stocks is high
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