The Three Largest Banks Are Trading &Nbsp In Large Volume, And 5 Billion In Large Sums Of Money.

A total of 12 transactions were made in block trading yesterday, including four bank shares, which are extremely rare in bulk trading. And what impact will their "heavyweight" deal bring to the current market?

Four bank shares collective appearance

Of the 10 bulk transactions in Shanghai yesterday, 4 came from bank shares. Among them, the faucet is the Agricultural Bank, and the buyers and sellers are all Ping An Asset Management Co. The turnover is as high as 500 million shares. The transaction price is 2.91 yuan, and the turnover amount is as high as 1 billion 455 million yuan. The turnover and turnover volume of the stock in the two level market are 110 million and 321 million yuan respectively.

Followed by the Construction Bank and Industrial and Commercial Bank of China The buyers and sellers of the two transactions also come from. Ping an asset management The trading volume of the limited liability company is 430 million shares and 300 million shares respectively. The transaction price is 5.22 yuan and 4.55 yuan respectively. The calculated turnover amounts to 2 billion 245 million yuan and 1 billion 365 million yuan respectively, which of course are far more than the average daily data of the two stocks in the two market recently. The most tender one is China Merchants Bank. The buyers and sellers are shown as the headquarters of UBS Securities, with a turnover of 2 million 239 thousand shares and a transaction price of 14.44 yuan, with a turnover of 32 million 331 thousand and 200 yuan.

No matter from the transaction price or the volume of transactions, the transactions of these bank shares are obviously not in the normal understanding of normal transactions. So what is the foreshadowing of such a tacit understanding yesterday?

After the last appearance, the market fell sharply.

A reporter who has been following the bulk trading data for a long time told the daily economic news (micro-blog) reporter that it is very rare for a group of bank shares to appear on the block trading platform yesterday. But this year, this phenomenon has happened two times, and the last time it happened was before and after April 21st.

Data show that in April 21st, CCB, ABC and CMB also became the focus of the hot market at that time. The turnover was 340 million shares, 250 million shares and 2 million 218 thousand and 300 shares respectively. The transaction price was 5.26 yuan, 2.93 yuan and 14.68 yuan respectively. In April 22nd, ICBC also appeared in the trading platform, with a turnover of 300 million shares, and the transaction price was 4.55 yuan. It is interesting to note that from the above transaction information, the two sides of the Bank of construction, ICBC and Agricultural Bank are both Ping An Asset Management Co, and the merchants of China Merchants Bank are also the headquarters of UBS Securities.

The same transaction price, which is similar to the closing price, is obviously the same as yesterday's transaction. Coincidentally, after the bulk trading of bank shares around April 21st, the market went out of a larger dive. The Shanghai Composite Index dropped sharply from the "high point" of 3000, and the index fell more than 100 points directly.

Bank stocks are often the wind vane of the market. Yesterday, bank stocks "concentrated" appeared on the block trading platform and had to let the market link up with the market performance. Then, after experiencing a big crash and just slowing down the tone, how can we deduce the face of this "anomaly" again?

Development of Minmetals or withdrawal from Ningbo

In April 29th, Yang Pu medical treatment, which only won the bulk trading platform in April 29th, was unveiled yesterday. The buyers and sellers are the same as April 29th. They are from the eastern securities Hangzhou Stadium Road Sales Department and the Everbright Securities Danyang Zhong Xin Road Sales Department, with a turnover of 130 thousand shares and a transaction price of $23.31. Coincidentally, in April 25th, the stock market has just lifted 1 million 737 thousand and 200 shares of restricted stock. It seems that the two transactions may be a masterpiece from the lifting of the ban shares.

The situation in Ningbo is similar to that in Yang Pu. In April 15th, the unit was sold by the Shenzhen Jintian Road Sales Department of Minmetals securities company, and the first party was Everbright Securities headquarters, with a turnover of 7 million 620 thousand shares, with a transaction price of 110 million yuan. Subsequent announcement shows that the reduction of shareholders from the company's Minmetals development Limited by Share Ltd, after the reduction of the company also holds 4 million 717 thousand and 100 shares. Yesterday, the stock was hit by the discount sale of Jintian Road, Shenzhen Minmetals Securities Co., Ltd. the volume was just 4 million 717 thousand and 100 shares, the transaction price was 14.41 yuan, and the receiving party was the headquarters of Everbright Securities. It seems that the development of Limited by Share Ltd may completely withdraw from the Ningbo joint venture. {page_break}

Shenyang Wanguo: the environment is still not optimistic, small rebound will continue.

After the May 1 holiday, the Shanghai and Shenzhen stock markets did not rise sharply as some investors expected, but they continued the upward trend of the previous trading day. Although the intraday stock index has also fallen below 2900 points, the subsequent rebound has pushed the stock index above the 5 day moving average. Just from the specific trend, the market is not running smoothly, and the divergence of volume and price in the trend of time sharing indicates that the upward pressure on the stock index is not small.

It should be said that this trend is not difficult to understand. In the late April, the stock market experienced a continuous decline until the last trading day in April. The rebound on the day was actually triggered by overfall. At this time, I am afraid that few people will think that the market will end completely, and the massive rebound will follow. Because of this, in the first trading day after May 1, there is a trend of concussion in the market. Behind this trend reflects people's concern about the market environment. Although the central bank did not introduce new regulatory measures during the May 1 holiday, people knew that this is not the right thing to say in May. In view of the centralization of the central bank and the fact that foreign exchange is rising and inflation remains high, the central bank's continued increase in the deposit reserve rate in May will be a matter of great probability. Last month, when the reserve ratio rose from 20% to 20.5%, it had triggered a sharp rise in the repo rate in the bond market. It is said that this is actually the indication of the turning point of liquidity in China. Then, if the reserve ratio is further raised to 21% in May, how much will it affect the capital market? It's not hard to imagine.

During the May 1 period, PMI data were also released, which is down 0.5 percentage points this time. Although the value is above 50, it shows that the economy is still in the expansion stage. But it fell again after a brief rebound last month, indicating that the economic slowdown is more obvious. In fact, from the first quarter report released by listed companies, the trend of growth rate has been very prominent. Even in the banking sector, which is considered to exceed expected performance, there are signs that net interest spreads are lower than expected. This situation is very noteworthy, because the previous stage is the relatively strong trend of good weight banks and other heavyweights, which has restrained the decline of the stock market, otherwise the performance of the market will be even worse. And these heavyweights can go well, and people's performance expectations are related. However, when people find that their expectations of good performance may not be fully realized, the situation becomes unoptimistic. This Tuesday, the financial services sector is the weakest trend in all sectors, which illustrates the problem. At this time of the year, the stock market faces inflation as well as inflation. Curb inflation While the regulation and control, we must also face the economic growth rate. Under such a double attack, it is very difficult for the stock market to perform well.

Although the market environment is more severe, it is difficult to see a decent rise in the market. But there are still two forces in the market: one is the stocks that have fallen earlier. They have rebounded after the risk has been substantially released. The other is part of the stock market. When the stock price falls sharply, their "story" is not recognized, so the share price is all the same. But when the market starts to stabilize, it is bound to show. Since last Friday, these two plates have already acted. After the May Day holiday, this pattern seems to have been strengthened. The "28 phenomenon" that appeared in the previous stage seems to have disappeared again. The market value of small and medium capitalization stocks is better than that of large market capitalization stocks. The emergence of such a situation makes it possible to have more active stock market in the background of only a small rebound in stock index, which is helpful to mobilize the enthusiasm of investors, especially to enhance the operability of stocks. Of course, this situation will continue, and now we need to observe. But one thing must be seen, although the recent market can only continue to rebound slightly, but gradually active stock performance will bring more profit opportunities, from the perspective of operation is very valuable. {page_break}

CITIC Securities: shock undervalued value plate

Citic securities issued the latest research report that, after experiencing a rapid decline, it is expected that the short-term market will continue to show a trend of shocks, the next two months, CITIC Securities is also cautious, it is expected that the future evolution of the market still need to wait for the evolution of events and time, recommend the focus on the valuation of the plate is still low.

Report analysis, it is difficult to see in the short term the positive factors that affect the market, more partial negative factors may have an impact on the market, for example, the April PMI data is lower than expected, which may magnify the fear of the slowdown in the economic growth stage, but the decision-making level may think that the economic growth will have a bottom guarantee and will increase the regulation and control. At the same time, the quarterly performance is lower than expected, which has increased the market's concern about the performance.

CITIC Securities believes that one of the main factors affecting the A share market in the two quarter is the implementation of government led water conservancy and affordable housing construction. As the economic data in the first quarter were better than expected, coupled with the anticipation of warmer temperatures in the two quarter, some investors were worried that there might be an overheated trend of economic growth in April. The market also agreed that the PMI index in April would be higher than the 53.4 reading in March, but this expectation was broken by stage data.

The report also said that although economic growth is guaranteed, policy regulation is hard to relax. Although the two quarter growth rate slowed down, but the growth rate remained at a reasonable level, it is difficult to see the so-called "hard landing". Therefore, the determination of inflation and housing prices will remain unchanged, and on the basis of continued monetary stability, we will continue to increase the regulation and control of housing prices.

For the performance of listed companies, CITIC Securities believes that although the annual growth rate of listed companies is expected to exceed 39.6%, the quarterly report 25.3% is lower than expected.

Historical data show that the net profit growth of listed companies has dropped from 35.25% in the three quarter of 2010 to 25.3% in the first quarter of 2011. In particular, the first quarter data show that the net profit growth of listed companies after excluding the financial sector is 19.49%, significantly lower than the overall growth rate of all listed companies, which means that the growth of non-financial sector in the first quarter is much lower than market expectations. The net profit growth rate of small and medium sized boards and gem in 2010 was 34.64% and 29.71% respectively. Among them, the strict cost accounting standard of gem was the main reason for the relatively low net profit growth. In 2010, the total revenue growth of SME board and gem business was 36.5% and 38.56% respectively, while the total business cost growth was 36.35% and 41.4% respectively. The small and medium-sized board has a relatively stable gross profit rate and a slight decrease in the gross profit margin of the gem. In terms of asset liability ratio, the over raised capital idle makes the asset liability ratio of the gem fall sharply.

Based on this, CITIC Securities proposes to continue to seek structural opportunities in defense. In the wake of short-term economic data disturbance, the market will continue to worry about high inflation, short term downward economic growth and intensified regulation and control policies, and the probability of future big market will be smaller. From the recent market performance, the transformation of style has begun to be weak.

In terms of configuration, the report suggests paying attention to relative returns, paying attention to the plate with absolute valuations still low, and relatively optimistic about the consumption, clothing, retail, medicine, catering and tourism industries, as well as the electricity, coal and power equipment industries in the power shortage industry.