From: Securities Times
Compiler: http://www.fundcn.org

In a series of regulatory policy and the expected negative factors such as bad magnified effect, panic in the market leading to yesterday’s emotional reappearance Shanghai and Shenzhen stock prices plummeted. Shanghai Stock Exchange Index opened 4102.79 points, the lowest detection point to 3912.42, closing down 150.37 points, 3.68% decrease, over 30% of stock indices and the Putu units to the market popularity dealt a severe blow. From the technical side, the stock market index yesterday breakdown on the 10th and the 30th and the 4000 Application of Equal-string multiple important support point, Shadie substantially downward. Rapid technological point of view has dropped support for the second coming, and the apparent shrinking turnover also indicated incremental funding of the clawback. As regards to go? Investors should we take what the operating strategy? An interview with reporters, most of the fund managers believe that the rapid access to the medium-term adjustment is unavoidable, but in the long term, bull market pattern will not change, short-term advance is reported by the units to become the first choice for investment.

In this round of bull market, the rapid adjustment of a large number of every site and undertake incremental funding swarmed in, and the last Friday of this week and one, the government’s policy of no obvious major unprofitable background, the large emerging rapid Shadie, the market turnover was thin, index in the measureless space or the state. Yi Fang Fund Investment Director Jiang Guoliang believes that the adjustments are mainly technical adjustment The general in 3800 was about to settle down

Guangdong Development Fund Investment Officer Zhu Ping, after early rise substantially, At present, in various unprofitable expected under the pressure of losing market to be hit, and their confidence has been declining. and some stock valuations are too high and substantial profit site to honor the proceeds dished out stocks further aggravated the current market adjustment. In Zhu Ping, the Chinese stock market of non-market factors, too heavy, to a large extent, is not in accordance with the market rules to run, This can not be right to make an accurate judgment outlook and projections.

Shenzhen a joint venture fund management company’s investment director, If last week’s big drop in the market is high in the normal adjustment, and the wholesaler in 4300 on the crossing point — and yesterday’s sluggish inertia sharp decline shows that The mid-market adjustment began. From the view of the plane, on the one hand, the volume could shrink, and the rapid rebound of weakness, and from the technical point of view, on the 20th and the 30th to support both the Application of Equal-string defense, very bad shape. Multi - almost no fighting back, those relating to Group - has been drastically reduced, the government’s policy of no major moves before side air force will further release, and the new A-share accounts continued to decline for three consecutive days below 200,000, show incremental funding has also drastically reduced, all signs indicate that the current round of bull, a real medium-term adjustment or away.

Entered the market in the medium-term structural adjustment, in an interview with reporters, fund managers generally believe that sustained and rapid economic development led to the listing of the company’s profit growth and continued expansion of the trade surplus as a result of excessive liquidity situation as the supporting this round of the continued prosperity of the bull market rates in the two objective factors, from the current situation, Supporting the above bull market fundamentals have not changed at all, therefore, the current bull market adjustment is a normal adjustment, Rational investors should treat and avoid blindly Chasing Rising Stocks Shadie. For the short term interim results expected surge in individual can give appropriate attention curves obtained.

Shanghai, an anonymous fund managers said that the current market adjustment is largely due to expectations of an interest rate increase. Fund brokerage firms divert funds QDII multiple factors, only a small number of short-term rise in individual, and the lack of market leading varieties Ling Zhang and hot plate, the index records in 4000 after the handover, further downward seek support needs. However, the policy on the regulation is aimed at the control and prevention of structural foam could lead to systemic risks, not intentionally suppressed indexes, the management will not be introduced direct pressure on the stock market, For listed companies is reported good performance is expected, the stock market with the dynamic performance diluted price-earnings ratio and relatively attractive, economic levels and the revaluation of the RMB will not change the trend, the decision of the current interim adjustment is a normal phase of adjustment, Xiong is not cattle to the point. Judging from the present situation, with the merit of low performers Unit shares rose together crazy situation to an end, but the market is still full of opportunities for various structural. After more fully after the adjustment, the market will regain their upward trend, rising to accelerate.

Fund managers pointed out that Many low performers Unit and the theme concept stocks rebound after another after returning to May 30 after the collapse of the low, Since then the value will embark on the road of return, the recent market the most likely hotspots is expected by mid-year report Unit Most of this part of the blue chip stocks and the SME board units, the valuation of the comparative advantage, once the subject support, will interpret the wave realized performance is reported waves rates. Apart from the listing of assets and the bull market has always run through the hot, the investor can appropriate attention to engineering machinery, coal chemical industry, shipbuilding, commercial real estate, industry, steel, insurance and other financial plate, and Some consumer is the core competitiveness of the shares of a listed company and the regional concept of environmental protection and energy-saving type stocks, also has investment value.

Copyright Fund China 2008.

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