Today is September 13, Thursday, Shanghai opened 5193.41 points, to close at 5273.59 points, or 1.95%, turnover of 140.653 billion yuan. The Shenzhen Component Index opened 17,469.25 points to close at 17,959.51 points, or 3.23%, turnover of 73.132 billion yuan. Today, turnover decreased. the main driver of this bull market because real estate and banking stocks Qiwen, we do not fell the space, limit the board are basically real estate, coal, steel, nonferrous metal shares of the four plates. So plate effect 突出. Tomorrow subscription funds will be unfrozen Bank of Beijing, the current index stocks and index heavyweight full strength to promote the steady rise in the broader market once again approaching the 10 line position, as in 5400 a policy of pressure point, we still have to be careful in handling . yesterday talked about, even if the outlook is not necessarily a broad based market rise, but stocks division, in the pressure, under supported, it is expected to shock the broader market near the main stock market differentiation. Shanghai Composite Index closing point today bit box 5288 in gossip pressure is close to the weak points,Discount UGG boots, so the next resistance level is 5323 points, if you do not lighten up at this point, after the ship crossed the line or to a short-term, practical line is 5158 today, is expected tomorrow Work line is the 5173 (the most recent line of work volatile, difficult to predict, failure is inevitable), middle line of work holding, work below the line of rest, the latest gossip Box price is as follows:
bottom (Sunda) < br> Box Top
(from the North)
shipping line
(Kun)
5429
5681
5645
5148
5393
5358
4875
5113
5079
support / strong resistance
(West earthquake)
5465
5183
4909
gossip box diagram
5045
5323
5609
support / high resistance (against East)
4943
4977
5011
5218
5253
5288
5501
5537
5573
dark horse line
(Gen)
escape line
(South)
low pressure (dry)
major news Comments:
First, Bank of Beijing online and offline 1.8959 trillion yuan frozen amount of money, once again set a record of domestic IPO subscription money. plus another two new shares, the three also freeze more than 2.1 trillion shares of funds, we want to see people saving move for the stock market provides a lot of money, stock market wealth effect continues to split the huge savings, household savings decreased 41.8 billion, down 161.6 billion. In the case of liquidity, stock market, property market asset revaluation will continue. is expected to review the share capital will be tomorrow thawing, although the money does not necessarily return to the two markets, but only 10% have 200 billion money back, so the short-fall of space is not large, it is possible to continue to rise, the index should also look at high-line, but we pyramid lighten up the same strategy.
Second, China's first QDII fund equity to over 15 billion yuan a day pre-sale scale. At the same time yesterday, Southern Global Selected Allocation Fund to raise funds of 500 billion yuan. and a fund release the birth of the world record! ago I think the investment is unlikely that Hong Kong stocks, it seems, a lot of opportunities, to Hong Kong equities market outlook suggest that you focus, conditional friends can advance to the Hong Kong account, after all, this will be the first choice for QDII investment market. At the same time fund sales indicates the market is hot outside the capital continue to flow into the capital to promote the stock market, continue to rise is possible, because funds have the habit of crowding together, taking into account the mobility of capital,UGG bailey button, second-line blue chips may be one of the goals they Jiancang, post the appropriate pay attention to investment opportunities ..
Third, inflation in 2007 will be irreversible. from the current point of view, although not the overall inflation in China, but due to long production cycle of agricultural products, to make money in the stock market effect, effect of RMB appreciation under the effect of inflation will inevitably bring about investment opportunities, mainly in consumer stocks, commercial and tourism stocks, airline stocks, real estate stocks, inflation, the greatest benefit. in inflation led to increased purchasing power is bound to face after the upgrading of consumption. consumption upgrade, including spire-type mass-consumption spending to upgrade and upgrade categories. Among them, the spire and consumption in the consumption of the top, and only have a certain spending power of groups can participate, that is, luxury goods such as cars, fine wines and other sub- industry; the second consumer to invest public listed company, due to the improvement of living standards, public consumption will continue to spread, and the resulting investment opportunities are fairly obvious, merchandise category; aviation and so on. Overall, investment spending to upgrade opportunities for listed companies has come, you can choose key species related to the layout of the industry,Bailey UGG boots, access to long-term investment returns. comprehensive analysis, see my BLOG last week's article Links, files from the Internet, just for reference, not to invest based on
Links: expansion and inflation, the purchasing power of arbitrage - 07 4Q A strategy
530 shares in Shanghai and Shenzhen 300 Index has gained 38% contribution is expected to increase performance by 19% increase, while earnings increased contribution of the other half gains. obvious signs of institutional funds to promote the market, the scale of public fund about 3,000 additional two months of 7,8 million (including the new hair, split and re-purchase, etc. ), while the same size of less than 60 billion IPO. We believe that A shares will face a major adjustment in the 4th quarter pressure. First, the capital - the stock balance is broken, According to the announcement, it is estimated the next 6 months more than 357 billion yuan, diversion of funds, raise the reserve ratio and interest rates, risk control policies. during the introduction of stock index futures are expected to increase market uncertainty. More importantly, once the three-quarter economic growth rate continues to rise, may lead to stringent regulation. Third , performance declined year on year growth, due to the base to improve, finance, chemical, steel slowdown in growth, growth in the second half of A shares decreased performance of the company.
we adjusted the A shares are still pessimistic. future profitability may still be than expected, unexpected impetus from: Investment income continued to rise significantly; further improve the overall gross margin and return on assets of inflation; asset injection, equity incentives and highly profitable company, . profitable market consensus trend is still upwards, is expected in 2007 net profit rose 54% full, 08-year growth of 35%.
inflation, investment themes, including two sub-themes: the purchasing power of expansion and inflation arbitrage. assets and capital markets, particularly land and stock prices rose, leading to expansion of the virtual purchasing power, these the purchasing power of investment to determine the price transmission mechanism and investment opportunities. We note that, from the huge market of capital assets to invest in additional purchasing power of the main land, equity and luxury of the land (property), equity (securities / insurance), and cars. Another new purchasing power from agricultural prices, agricultural prices not only increase their income, will also promote the upstream feed and fertilizer prices. We like feed and fertilizer. Arbitrage is another sub-theme of inflation. Some industry revenue side in the inflation environment, price increases in nominal income; and the cost side but in a non-inflationary environment, such as overseas (jet fuel and foreign currency loans), such as history (the last purchase land), such as fixed (the history of its own property depreciation). We are optimistic about the rise in inflation in the gross margin, than-expected earnings growth industries, such as aviation,UGGs, real estate, retail.
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