Stock Index Fell Three Days To 3.5%&Nbsp; A Stock Market Value Evaporated 1 Trillion And 900 Billion

　　 A shares The importance of "liquidity" driving to this market is being explained by its performance. Yesterday, the Shanghai stock index fell 1.96%, breaking below the 2500 point mark, and reported 2478.74 points. This is also the three consecutive trading day of A shares. The three day fell by 3.5%, and the A stock market evaporated 1 trillion and 900 billion yuan.

Tightening policy is difficult to relax in the short term

From the closing point, Shanghai reported 2478.74 points, the lowest closing price in the last 13 months, and the previous closing was below July 19, 2010. From the closing point, A shares in Shanghai Stock Market Deal As low as 56 billion 200 million yuan, slightly better than the 14 month low of the previous trading day. Three consecutive days of decline also made the total market capitalization of A shares decreased from 26 trillion and 370 billion yuan to 24 trillion and 450 billion yuan, and the market value evaporated 1 trillion and 920 billion yuan.

Yesterday was the first payment day for large banks after the deposit reserve was extended to the base. Tight capital market has left large cap stocks in a doldrums. From a longer period of view, monetary policy is difficult to loosen.

In September 1st, Premier Wen Jiabao wrote in the magazine "seeking truth" that keeping the general price level basically stable is still the primary task of this year's economic work.

Dacheng Fund (micro-blog) believes that this shows that the current economic slowdown is still tolerable. And some brokerages pointed out that this means tightening policy is still difficult to relax in the short term.

In addition to the restriction of the second tier cities in the real estate policy, the deposit reserve ratio has been enlarged, and a series of tightening policies have been introduced continuously. The Dacheng Fund researcher pointed out that the economic policy has overshoot risk (which means that the speed of regulation exceeds the normal speed or exceeds the expected), which has made the market more enthusiastic.

A shares difficult to change liquidity driven

In the face of A shares continued to slump, micro-blog, many investors on the forum put forward their views on the stock market. Some investors believe that only when bank stocks and other large cap stocks pull up A shares, is the beginning of the real reversal of the stock market.

Institutional investors also agree. A shares Still troubled by liquidity. The A Share Market Research Report released yesterday by CICC said it is expected that market funds will tighten significantly in late September, although the semi annual report is in line with expectations, but the stock market is still hard to change.

CICC mentioned the "significant tightening of the capital side", which is mainly due to the increase in the reserve reserve ratio due to the deposit reserve ratio benchmark adjustment. At the end of the quarter, the bank deposit and loan ratio assessment will increase the bank's demand for capital, and the three sides of the eleven long holiday residents and enterprises will withdraw cash in large quantities.

Earlier, the chief economist of the Industrial Bank, Lu commissar, pointed out that A shares are still driven by liquidity because of their low dividend payout rate, so their rise and fall basically depend on liquidity.

plate

Cement sector plummeted nearly 6%

Cement enterprise report Red Difficult to block prospects

Yesterday, the Shanghai and Shenzhen two cities plummeted, cement shares led the market, the sector fell 5.97%. Stocks fell across the board, Huaxin Cement, conch cement, Jidong Cement three shares down, Chao Dong shares, Jiangxi cement fell more than 8%, a total of 15 cement stocks fell 5%.

Since last month, cement companies have disclosed the China Daily. Benefiting from the increase in output and cement and clinker prices, the performance of cement enterprises in the first half of the year was red and profits grew sharply. Among them, the net profit of Tongli cement belonging to shareholders of listed companies increased by 135.67% compared with the same period last year. The net profit of conch cement and Jiangxi cement belonging to shareholders of listed companies increased by 233.62% and 1125.53% respectively.

However, the increase in performance did not restore the trend of cement stocks falling. Since April, cement stocks have started to decline after reaching a high point. However, because of the medium-term Research Report of the securities companies, they are optimistic about the cement industry. At the end of the two quarter, cement stocks slightly improved. It didn't last long. After the accident, the stock market plummeted, and the cement sector took the lead in the decline. Analysts said that the investment slowed down, the number of affordable housing decreased, the pressure on housing prices increased, and the factors behind the performance of cement stocks disappeared, leading to a decline in cement stocks.

Tips

8 new shares this week

The 5 trading days can be renewed, and the IPO will be accelerated.

This week, the pace of IPO is accelerating, and there will be 8 new shares. And there are new shares issued on the 5 trading day this week, and investors can fight new ones every day.

Yesterday, gem new shares, water and light cables have begun to purchase, plans to issue 16 million 700 thousand shares and 35 million shares respectively. Today, it is better to create video and issue 26 million shares. There are 3 new shares issued tomorrow, namely Longhua heat transfer, Dan bang technology and Ming Tai aluminum industry. On Thursday and Friday, it was released by the small and medium-sized board companies, Lucy technology and Changqing group.

In April this year, IPO frequently broke down, and the pace of issuance tended to slow down. Since August, the IPO speed has dropped significantly. This week, 8 new shares are expected to bring rhythm to the accelerated channel.
 

29 GEM companies were reduced by executives in August

New Daxin material director quarterly cash register 80 million 450 thousand yuan to pull the top, the sharp reduction in the number of executives

In August, gem executives reduced their holdings to a small peak. According to statistics, a total of 46 executives of 29 GEM companies chose to pack their book wealth into ANN, far exceeding the corresponding figures in the previous two months. In June and July, there were only 17 or 18 GEM companies.

Two companies were reduced to 9 times.

According to the Shenzhen Stock Exchange, as of August 31st, there were 258 listed companies on GEM, the total number of shares issued was 37 billion 265 million shares, and the total market capitalization of listed companies was 894 billion 259 million yuan.

According to reporter statistics, in August, a total of 29 executives of GEM companies were reducing their own businesses. Among them, the most frequent is Zhong resi Chong and Shanghai Kai Bao, all 9 times. Wang Yong, a supervisor of the Sino Swiss construction company, and his senior executive Zhang and Zhang took turns to reduce their holdings. The 9 cash in Shanghai's Kai Bao was completed by directors Shi Fengguo, Du Faxin and Zhang Peng.

Among all the executives who sell cash, Ji Fangyin, the director and senior manager of the new Daxin material company, drew 3 cash holdings from August 17th to August 29th. The maximum sum is 34 million 447 thousand and 900 yuan, the remaining two are 23 million yuan, the total amount is about 80 million 450 thousand yuan.

In addition to making full profits from the quarterly printing, Shi Feng, the director of Shanghai Kai Bao, has also made extraordinary contributions. From August 19th to August 31st, its share price was reduced by a total of 285 thousand and 300 shares by four times, and the cash volume was about 7 million 910 thousand yuan.

In addition, in August, executives involved in cash in the GEM companies also included Western livestock, El eye, southerly shares, robots, and so on. There were 8 companies with increased holdings. Among them, Zhang Shaohua, the chief executive of JJC, had the largest shareholding and the largest amount, and bought 10 thousand and 100 shares through the bidding transaction.

65 executives reduce 109 million shares

Shenzhen Stock Information Co., Ltd. data center recently released the "monthly report on the change of equity of listed companies" shows that in August, a total of 65 executives of listed companies had reduced 109 million shares through the two market or bulk trading, and the ratio increased significantly.

Among them, the Binjiang group was reduced by 4 executives in August, a total reduction of 66 million 700 thousand shares, accounting for 4.93% of its total share capital, becoming the largest number of companies with the largest number of holdings and the largest proportion of executives in the month.

In addition, in August, there were 40 listed companies that increased their holdings, totaling 6 million 903 thousand and 500 shares.