Second return of short-term needs of the market should be treated with caution
Although the two cities Wednesday again both indexes opened lower, then the financial heavyweights such as Under the guidance of Shanggong start, but still lack Liangnengpeige rebound, stock prices subject to the 5th MA, at the same time, China’s oil heavyweights such as the setback Accelerated the index’s decline, after once approaching 2,300 points, but the afternoon Hupan and financial stocks rebound makes colored smaller decreases in stock prices, the Shanghai market last close at 2342.15 points, trading volume remained at the level of volume. So the trend of stock prices Wednesday, the final day at K-Line to a cross-sing, then this mean that the recent completion of the market is the second Tandi. In response, personally think that the current vulnerable situation has not changed, the needs of the market return of secondary, short-term should be treated with caution.
First of all, from the management of the “non-size” and re-financing and other related measures introduced, Gong again Tuesday to suggestions from the foreign exchange reserves set aside 100 billion U.S. dollars to establish a fund to buy “non-size.” However, after a bull market after the baptism, “Non-size” held by the cost is obviously cheap, in the face of such uncertain markets, high efficiency in the face of inevitable arbitrage selling. And recent related initiatives, it is undoubtedly stop-foot, temporary solution. Because “the size of non-” flow into the secondary market is the market trend, while trying to slow down the lifting of the ban through various means to share, not only will aggravate the “non-size” the psychological fear, will undermine the market’s own regulatory function, and foreign exchange reserves as tax Human resources is also impossible for all “non-size” pay. At the same time, financing, in order to oil as an example, in the oil market in the United States only finance 2.9 billion U.S. dollars, but four years in the United States to shareholders dividends of 11.9 billion U.S. dollars, was “Asia’s most profitable companies” reputation. The A-share financing 66.8 billion yuan, equivalent to 9.54 billion U.S. dollars, but A-shares to shareholders dividends less than 600 million yuan. And although the recent revised the “management of listed companies to issue securities”, will be financed dividend ratio increased to 30 percent. However, a number of substantive results can be. In fact, I have noticed that some media reported Wednesday Sinopec chairman apologized to shareholders for the loss, I think the shareholders want is your apology?. So here facing a return to the system.
Secondly, from the disk, the market fell after a row after the market further to go short of kinetic energy is released, but the rebound in stock prices shocks in the course of the volume of turnover has been in a level, which means that the weak market situation has not changed. In fact, the bear market in Suoliang down is normal, and Su Liang rebound is a bad sign. But now it seems that there is some new funding boost heavyweights Hupan action in an attempt to ease market pressure adjustment pressure, the most obvious financial stocks. From China to record low oil, steel plate once again the focus of the overall downward movement, and late Wednesday despite a rebound in stock prices, these Hupan heavyweights do not have better performance, all indications are that the current market as a whole is still a certain The claims. Therefore, personal opinion, contrarian Hupan has not played skillfully deflected the role, but to a certain extent, undermine its own laws of the market. Therefore, the market concept is also faced with the reunification, not for the contrarian. As the saying goes: ‘the rule of small countries such as cooking fresh’, let alone between the stock market.
To sum up, personal view, it is very difficult short-term market pattern emerging from the disadvantaged. However, investors can pay attention to the following aspects. First, the right to re-stock indicators of the trend, such as China Petroleum, China Petrochemical, Industrial and Commercial Bank of the trend. Second, the changes in volume, can rebound the continuation of a clear need to support. Operation in the current market of further uncertainty, investors are still cautious suitable recommendations, in particular the decline of some species soaring. Of course, Chaodie species or Ban Nianbao performance can still relatively optimistic about the fundamentals and focus attention on the species.