The Central Bank Released Water: The Old Shareholders Were Called A Pit.

Cai Yingzi, a senior market analyst, told reporters that good luck is the touchstone, and further test the quality of the big market. In fact, it is not surprising that the market is expected to drop sharply. The market has already had a good chance to cash in, which is often a good time for the organization to ship. Due to the heavy pressure of IPO, the capital market is relatively scarce, and the weighting of large cap stocks will be more profitable in the early stage.

Last night, the central bank "accident" lowered the standard. Early yesterday, the central bank also injected 30 billion capital into the market through reverse repurchase. Under the stimulation of many favorable factors, A shares opened up more than 2%, but then the gains narrowed, and the late trading accelerated down, down 1.18%. At the close, the Shanghai composite index reported 3136.53 points, or 1.18%, with a turnover of 348 billion 270 million yuan. The Shenzhen index reached 11065.58 points, or 0.46%, with a turnover of 283 billion 740 million yuan. However, Gem Contrary to the main board, the stock index opened up at a high level, and it broke a record high of 1800 points, or more than 2%, but the closing rate also narrowed to 0.94%.

In terms of foreign exchange, China's central parity of RMB against the US dollar has been derogated by 48 basis points by 6.1366 yesterday, thanks to the rebound in the US dollar and the news of China's central bank's reduction. The spot price of RMB against the US dollar was lower by 85 basis points at 6.2560. It is worth mentioning that, according to the calculation of the middle price, the central bank's position limit was 6.2593 yesterday.

But why are GEM stocks so strong? "Investment express" reporter observed that a few days ago, the Shenzhen Stock Exchange consulted a number of representative institutions on the proposals and opinions of Shenzhen Hong Kong Tong plan. At present, the Shenzhen Stock Exchange's main board stock and some small and medium board stocks will become the main stocks of Shenzhen Hong Kong Tong. In addition, some minority shareholders with better liquidity are expected to become the underlying stocks.

How do the institutions look at the market trend and investment direction after the RRR is lowered? Gao Shanwen, chief economist of Anxin securities, suggested that the A shares should be adjusted in order to digest the relatively high price of H-shares. 10 the overall overvaluation of the first 15% is not yet complete. The drop in market expectations may change the path of market adjustment, but it will not change the pattern of adjustment.

Guotai Junan's strategic analyst Qiao Yongyuan and Yang Teng think that the drop will accelerate the market differentiation, investors can take the opportunity to control positions and structures, recommend the central blue chip and growth industries.

Analysts believe that yesterday, the index opened up and left low, which was a great blow to the market. This is likely to be caused by the digging of the main funds and the creation of a short trap. On the whole, it is suggested that investors should properly allocate financial stocks before the arrival of new shares, especially banks and insurance. We will continue to take an active part in the stocks that are expected to exceed the annual report.

According to the reporter's concern, although the central bank released the night before yesterday evening, the volume of yesterday's two cities has not significantly enlarged. The total turnover of Shanghai and Shenzhen two cities totaled 632 billion 10 million yuan, of which the Shanghai stock market was 348 billion 270 million yuan, and the Shenzhen stock market was 283 billion 740 million yuan.

On the capital side, the central bank carried out a 30 billion yuan 28 day reverse repurchase operation in the open market yesterday. This week, the central bank invested a total of 90 billion yuan in the open market. However, the shadow of the new round of new shares being taken out of the market next week seems to be even bigger. According to statistics, 22 enterprises landed in the mainland in January. capital market 12 of them landed on the Shanghai stock exchange, 3 landed in Shenzhen SME board, and 7 enterprises successfully realized IPO in Shenzhen gem. The number of IPO in the mainland was the highest since the IPO opened in June 2014.

Some agencies expect this time. Deposit rate The total 0.5% can release 600 billion yuan, plus the additional "three rural" release 200 billion yuan, this time will release 700 billion to 900 billion of the funds. However, analysts pointed out that the weakness of heavyweight stocks was mainly due to the pressure of early profit making, which did not show a significant volume yesterday, and the strength of the offering was weaker. In addition, the new share issue will impact more heavily on the capital side next week. The downward economic fundamentals will also affect the performance of the cyclical stocks. On the other hand, the small cap stocks are not rising much earlier, and in the current annual report, many "small and medium-sized" stocks are expected to exceed the expected performance, and the capital shortage of the new market will be superimposed.