A Shares Plunged Into Mire Market

After the Mid Autumn Festival, the 4 trading days are quite calm. Although there are occasional fluctuations, they are very fast.

In the four trading days from September 13th to September 16th, the volume of unilateral trading on the Shanghai stock market was 51 billion 900 million, 54 billion 800 million, 55 billion 900 million and 49 billion 600 million respectively.

Last Friday, less than 50 billion of the turnover was placed in a dilemma between both sides.

But from last week's global market, overseas markets, especially the European and American markets, have been booming.

External market rose, A shares remain indifferent.

Last week, shares continued to float, and the NASDAQ index rose 5.64 last week.

The corresponding New York gold fell in September 15th, breaking below the 1800 US dollar / ounce mark.

The European Central Bank said on the 15 day that it would join the Federal Reserve Committee, the SNB, the Bank of Japan and the Bank of England jointly to inject US $three liquidity into the European banking sector by the end of the year.

European and American stock markets also showed a surge of voice. From the weekly statistics, not only did the US stock market rise for a week, the German DAX index in Europe rose by 6.13%, the FTSE 100 index in the UK increased by 2.36%, but the French CAC index increased by 2.39%.

The Asia Pacific Index was the worst last week. In addition to the 1.44% rise in the Nikkei 225 index, Australia, Singapore and A shares fell.

Since the early August, the stock market spread by the US debt and European debt crisis, A shares have been less and less affected by the external market.

The current scramble for more space comes from more internal fighting.

When the outside market is good, A stocks are tight, it is not easy to look for short-term opportunities.

Even the central bank said, "the residents' willingness to buy stocks fell to the lowest level in 2009," to combat market confidence, and the atmosphere continued to increase.

However, when the market is most desperate, it often comes when opportunities come.

At the same time, Zhang Xiaoqiang, deputy director of the national development and Reform Commission, said on Wednesday (September 14th) that from the perspective of the next development trend, China can keep prices basically stable.

Although it is difficult to manage inflation expectations, it does not believe that China's monetary policy will be adjusted.

These messages constituted a weak market in last week, and the "great reversal" which appeared on the last Wednesday was only a flash in the pan and did not inspire more funds to follow up.

Zhang Gang of Zhongyuan Securities said, "if the recent lack of strong positive policy stimulus, the Shanghai composite index is likely to create a new low.

After a long period of adjustment, the overall valuation level of the A share market is close to the historical low level, and it is not expected that the stock market will continue to fall down too much in the future.

As far as the current situation is concerned, Shenzhen's private placement also believes that the current weak market will continue for some time, and the momentum of the ups and downs will not be enough.

Li Daxiao, director of the British Securities Research Institute, said that the market has been close to the bottom, especially blue chips. With the favorable external market, the situation of A shares will further improve.

Drink porridge

We are not afraid to go up and down.

After the festival, the general market situation made the money making effect decrease obviously.

However, there are still a lot of strong stocks, such as *ST 13.31,0.00,0.00% (002145.SZ), which appear in the trend of 3 linked boards, which are eye-catching in the recent weak market.

According to statistics, since this year, the price of titanium concentrate as raw material of titanium dioxide has been rising. The price has risen from 16 thousand and 500 yuan / ton in early January to 21 thousand and 300 yuan / ton at the end of 8, and the development of high technology (11.65,0.00,0.00%) (000628.SZ) has been increasing on a continuous basis last Friday.

In terms of fundamentals, UBS Securities said in its recently concluded autumn seminar that, in the context of declining demand and high costs, the profits of listed companies will continue to decline, and earnings forecasts may be facing downside risks. The risk of 11 year downgrades in beverage manufacturing, clothing, coal, banking, soft goods, building materials, construction machinery and other industries is relatively small. It is expected that in 2011, the Shanghai and Shenzhen 300 (2705.697, -28.29, -1.03%) performance increased 16.7%.

Now it is approaching the National Day holiday.

From the monthly line, the Shanghai Composite Index has been closed for March. According to statistics, since 2005, the Shanghai stock index has never been charged for four months.

Last year, after the national day, the popularity of the market has been vividly reflected, and the downside space has been continuously compressed, and the market will have a greater chance of rising in the future.