National Securities the recent rebound in the market is difficult to maintain weak shocks-foldercure

National Securities: the recent rebound in market to remain weak shocks: Sina App live on-line blogger to tutor the purchase of new shares: the stock market is the most simple way to pick up the money market to maintain the original title: the pattern of weak shocks A shares market finally verify the long drive down the stock market experience. This Monday, the Shanghai Composite Index fell 1.76%, fell below 3000 points mark on Tuesday, Wednesday; although trying to hit 3000 points, but due to lack of confidence to do more, low trading volume, turnover reached Wednesday since March 11th this year the lowest value, the market is still in a weak shock situation. The author believes that, in the case of continuing adverse factors, the recent market is unlikely to appear larger rebound. Comprising the Monday market fell below the pre finishing platform surface reasons: because oil prices fell sharply, manufacturing data is less than expected, stocks fell on Friday, U.S. stocks or short-term institutions are expected to peak, thus affecting the domestic investors bullish sentiment; last weekend, there are 12 companies approved IPO, the total financing 15 billion 500 million yuan, Shanghai the bank among them, thus the market worries IPO scale expansion. The deeper reasons include the following aspects. First, due to the structural overestimation of A shares, capital continues to flow into other undervalued markets. Data show that from September 19th to 27 A total of 7 trading days, the Shanghai and Shenzhen two, a net outflow of 100 billion 920 million yuan, the industrial capital market in two showed a net reduction of the state, such as a listed company since September a total reduction of 33 billion 430 million yuan, is 3.75 times the size of Holdings (since September total holdings of 8 billion 899 million yuan), became the third year wave the reduction of the peak (June reduction of 42 billion 871 million yuan in July, reduction of 44 billion 10 million yuan); on the other hand, Hong Kong stocks and underestimate the value of money effect, driving the mainland capital from north to south. Since February 12th this year lows this year has been steadily rising, the Hang Seng Index of about 30%. Statistics in August, Hong Kong stocks through daily net purchase of HK $1 billion 33 million, a net inflow of funds for three consecutive weeks of September through Shanghai and Hong Kong, during September 19th to 27, 22 days, 23 days in the north to a net inflow of 5 trading days, Hong Kong stocks still had a net inflow of funds, the average daily net inflow of 4 billion 36 million yuan. Second, the real estate market regulation policy for overweight shock began to appear. In August a number of areas for the regulation of real estate is limited to the purchase and limited credit policy, regulatory policy in September where the introduction of more stringent, such as Hangzhou City, September 28th synchronous increase loan fund two suites Shoufu ratio, commercial housing loans two suites Shoufu ratio, the provisions of provident fund loans and commercial loans for two homes the proportion of payment are adjusted to not less than 50%, at the same time also suspended home buyers, three arrows maintenance the sustained and healthy development of the real estate market in Hangzhou; the relevant departments to more strictly enforce the real estate regulation measures, such as the Shanghai stock exchange has recently implemented Real Estate Company bond audit deal, tighten corporate debt related conditions. Third, the pressure to reduce the economic downturn, the pressure of rising asset prices also forced the central bank did not continue to relax monetary policy, but the tightening of monetary policy is too loose相关的主题文章:

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