Textile And Garment Industry Shares Active &Nbsp; 7 Days Rebound 6%

Last week market The US debt rating crisis has picked up after its rapid crisis. Individual stock Repair was launched. However, after the Shanghai Composite Index entered more than 2610 points, the atmosphere of market trading seemed to be cautious. At this time, textile clothing Industry has been active, great wisdom (14.39, -0.38, -2.57%) textile and clothing index (791.697, -16.13, -2.00%) from August 9th to August 17th, 7 trading days rebounded 6.89%, far exceeding the Shanghai Composite Index. Among them, the traditional textile industry stocks such as Phoenix Bamboo Textile (8.18, -0.19, -2.27%) (600493), Huamao stock (9.19, -0.41, -4.27%) (000850) are the most. However, although these defensive stocks are coming out of the strong valuation recovery market, the market still values the concept of brand and growth, and there is a long-term opportunity for upgrading the consumption structure.

　 Touch the bottom rebound to pry the textile plate.

Last Tuesday, there was a bottom finding in the big market, which hit 2437 points in early trading, and the market sentiment was very low. However, there was a sharp rebound. On the day of the textile and garment sector, the leading stocks were 19.860,0.00,0.00% (300005), closing up 5.70%, exceeding second fuanna (51.70, -0.47, -0.90%) (002327) more than three percentage points, and creating a new high since the listing.

Subsequently, the traditional textile industry stocks began to show up in turn. Hua Hua shares (6.63,0.00,0.00%) (600448) on Thursday trading, Huamao shares also rose 8.74%. Last Friday, Huafang textile (8.45, -0.57, -6.32%) (600273) and phoenix bamboo textile trading, Monday continued to limit. On Tuesday, due to the lack of strength in the market, the textile and garment sector has been cut down collectively. Only 14 of the 76 stocks in shwan textile and garment industry have risen, with an average fall of 0.71%. On Wednesday, the market barely managed to defend the 2600 point mark, and the textile and garment sector did not get out of the decline on Tuesday, and less than 40% stocks rose.

It is worth noting that in August 12th, the Shanghai exchange's publicly traded information showed that there were many hot money businesses in Feng Bamboo textile. On the same day, the total turnover of the buyer's first five and the seller's top five was 82 million 464 thousand and 500 yuan, accounting for 51.22% of the total turnover of Phoenix Bamboo textile.

　 Domestic sales remain stable growth

According to analysts, the recent global market slump is mainly due to investors' uncertainty about the growth of world economy after the downgrading of the US debt rating. According to statistics from the General Administration of customs, China's textile and apparel exports totaled 137 billion 719 million US dollars in 1-7 months in 2011, an increase of 25.60% over the same period last year. Among them, the export of textiles was US $54 billion 603 million, an increase of 27.49% over the same period last year, an increase of 5.29 percentage points year-on-year.

However, Kong Jun, a securities analyst at CIC, believes that because of the low and middle class clothing exported to Europe and the United States, the price is the biggest advantage of Chinese clothing (11.20, -0.11, -0.97%). Although the price increases, foreign dealers still have big profits. Even in the period of financial crisis, the main products of domestic textile and clothing still maintained a large volume of exports, and the volume did not decrease. Therefore, the volume of orders for domestic exports will not shrink much in the future.

He also said that the domestic market of textile and garment industry will continue to maintain steady growth in the environment of domestic consumption upgrading.

In terms of raw materials, cotton prices have been fully callback due to adequate supply. The domestic cotton index has been on the decline since hitting a high of 33306 yuan / ton in February 17th this year, hitting a low of 20190 yuan / ton in August 9th and a drop of nearly 40%.