The market fluctuates and consolidates the hot spots
http://www.sina.com.cn 17:04, September 5, 2007 Sina Finance
Guangzhou Boxin
Boxin on the market
Next trading day: bullish
Today, the market continued to shake and consolidate. Although some index stocks were adjusted during the session, the strong performance of the asset injection plate and the resurgence of the chemical industry plate well maintained the popularity of the market; At the same time, according to the number of accounts opened announced by Zhongdeng Company, the number of new A-share accounts has returned to more than 200000 in the recent period. Therefore, with the increasing popularity of the market, the market is expected to continue to rise in the short term.
On the news side, the central bank issued 33 billion yuan of one-year central bank notes in its weekly routine open market operation yesterday, with the issuing price of 96.79 yuan and the corresponding interest rate of 3.3165%. At the same time, it also conducted 182 day repurchase operations of 10 billion yuan, with the bidding interest rate of 3.2%. The bonds used by the central bank in this repurchase operation are the first batch of special bonds issued last Wednesday, "07 special bonds 01". However, before and after the issuance of special treasury bonds, the market speculated that the central bank would probably use special treasury bonds, among which the use of special treasury bonds for positive repo operation is generally considered to be one of the main ways that the central bank might adopt, so this central bank's positive repo operation was also expected. At present, the management is still shrinking the liquidity of market funds. After many operations, it is estimated that the cumulative effect will gradually emerge, but the impact on the A-share market is relatively limited. However, the acceleration of large-scale IPO in the future and the launch of Hong Kong stock direct train may have negative effects on the market, and investors should follow closely.
In terms of hot spots, the overall market fluctuated at a high level, and the market's mentality of seeking risk aversion became increasingly prominent. However, after a long-term abnormal discount phenomenon, the warrant market finally turned around on Wednesday Yuntianhua The warrant soared by 24.06% in one day and blocked the trading limit board in a large amount, which greatly activated the warrant market and triggered the sharp rise of such warrants as Magang and Sinochem. In fact, in the process of market upward, investors are most concerned about which sector is the most powerful? According to the track of market rotation and the flow of funds, we suggest that you can pay attention to the warrant plate. But why do you say that? China's stock market has always lacked a short selling mechanism. However, with the implementation of the split share structure reform, warrants have become the only investment product with the function of T+O in the market at present, especially for individual stocks with fundamental advantages at present. The call warrants created by them will be the same as regular stocks. With the improvement of fundamental performance, the share price will rise, and then the warrants will also rise. Therefore, warrant is not a synonym for speculation and foolishness in the impression of many investors. It is a financial derivative shares Another way of investment. From the perspective of investment, we will find that some warrants in the market are gold mines that have not been fully exploited, and the opportunities that exist in them deserve investors' attention.
Technically, it only took two months for the current round of rising market, and the Shanghai Index rose from 3563 points to 5357 points. Every time, the market was very confident. After the rapid rise of 1800 points, investors began to be cautious about the recent market, so they should pay close attention to the changes in new funds and shareholding mentality in the short term. Because the fast rising period is a kind of capital driven market. If there is no continuous financial support, the market will not go far, which is reflected in the moderate amplification of trading volume. Secondly, shareholding mentality is also very critical. If the capital keeps flowing into the market, but the investors keep selling chips due to their unstable shareholding mentality, the market will end once the outflow of capital is greater than the inflow of capital. At present, there are not many panic selling during each adjustment, which indicates that the mentality of shareholding is still stable at this stage. Therefore, in the short-term operation, investors can still hold shares to be raised.
***Risk warning:
along with negotiable securities The market continues to be hot, and new investors who lack the awareness of risk control rush in, making the market risk increase abruptly. Risk education has become one of the urgent tasks in the securities market. Recently, in order to further promote the healthy development of the domestic securities market, the relevant ministries and commissions of the State have successively introduced regulatory policies, including raising the deposit reserve ratio, raising interest rates, and raising the stamp tax rate on securities transactions, to carry out macro-control This is an effective measure taken by the state to prevent the stock market from overheating, blind entry and frequent short-term transactions. As a standardized securities investment consulting agency, it is our bounden duty and responsibility to cooperate with the management to carry out risk education for investors. Therefore, here we solemnly remind investors that the stock market is a high-risk and high-yield market, and high-yield is always accompanied by high-risk. When buying and selling stocks, we must remember that "the stock market is risky, and you need to be cautious when entering the market"!
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.
