Flash is not supported
 Finance and Economics

Jiangsu Tianding: The market is expected to reach a new high

http://www.sina.com.cn 00:54, September 1, 2006 Oriental Morning Post

Jiangsu

   Qinhong, Tianding, Jiangsu

Although the A-share market had a narrow and volatile trend in the morning yesterday, there were obvious signs of grabbing the market in the tail market. The enthusiasm for long selling of individual shares also burst out rapidly. A total of 12 A-shares in the two cities reached the 10% growth limit, which is rare in the near future. Therefore, the market may have further room for growth, and even the Changyang K-line is expected to appear today.

   Power I: SINOPEC (China Petrochemical Corporation ( information quotation forum ) Expected resumption of trading

   Since Sinopec's share reform plan still has room for further adjustment, this means that the consideration of share reform may be further improved. Moreover, due to the steady growth of Sinopec's semi annual results

Product oil With the gradual establishment of the price formation mechanism, Sinopec's future performance is still expected. Therefore, market participants are extremely optimistic about the resumption of trading of Sinopec, and it is not ruled out that the market will repeat Bank of China ( information quotation forum ) The rising channel trend of the stock market before listing.

   Motivation 2: unexpected performance

   Due to the decline of the performance of listed companies in the 2005 annual report and the first quarter of 2006, together with the pressure of macro-control in the first half of the year and the high prices of oil, non-ferrous metals and other raw materials, industry insiders generally expect that the performance of listed companies in the A-share market in the half year report is not optimistic, and pessimistic views even believe that the performance of the half year report will decline.

However, in fact, the performance of the semi annual report has shown a trend of growth. It is reported that the net profit of 1388 listed companies that published the semi annual report has increased by 7.54%. And because the information in the semi annual reports of Sinopec, Bank of China and other companies shows that the trend of net profit growth is sustainable, The market is optimistic that the growth trend of the semi annual report of listed companies is expected to continue to the quarterly report of the third quarter of 2006 and the annual report of 2006, which has boosted the confidence of investors in holding shares and the confidence of OTC funds entering the market.

   Power 3: Market highlights guide upward

   Perhaps it is precisely because of this that the long confidence in the A-share market continued to be strengthened yesterday. As reflected in the market, there were two obvious positive and optimistic phenomena. First, the trading limit of individual stocks began to expand. In the first half of this week, although the A-share market has strengthened, there are not many trading boards. Although the Shanghai Composite Index rose only 3.44 points yesterday, there were as many as 12 stocks that reached the 10% growth limit and 7 ST stocks that reached the 5% growth limit. This shows that some institutional funds dare to accept all selling at the position of the trading limit board, and the confidence of the market to do more starts to increase.

Second, the trading volume was moderately enlarged. In the early stage, the trading volume of the Shanghai Stock Exchange has been maintained between 11 billion yuan and 15 billion yuan. However, this week, the trading volume of the Shanghai Stock Exchange began to expand moderately, and it has fluctuated around 20 billion yuan. The expansion of capacity means that there has been new funds involved in the A-share market. If we consider that new market hotspots are gradually emerging, such as new shares, commercial real estate, tourism, digital TV, etc., this shows that the market does have new funds involved, and the influx of new funds means that the A-share market has new upward momentum.

   Conclusion: It is expected to reach a new high

   Therefore, some strategic analysts are optimistic that in September, the A-share market will hit a new high in this round, that is, the Shanghai Composite Index will break through the high point of 1757. This expectation is expected to come true based on the current volume price coordination of A-share market and future market expectations and other factors. Therefore, it is suggested that investors can continue to hold strong stocks, or look for new strong stocks from tourism, commercial real estate, capital injection concept stocks, and asset rich stocks to wait for the arrival of the main rising wave.

Sina statement: The content of this article is purely the author's personal view, only for investors' reference, and does not constitute investment advice. Investors operate accordingly at their own risk.

Please log in to subscribe to Oriental Morning Post Oriental Morning Post website Or call 8008208696; More discounts, more benefits, more information.

Comment
Love Ask (iAsk. com)
Flash is not supported
 
Flash is not supported
Flash is not supported