Most Of The Funds Have Not Yet Reached The Stage Of Stabilization.

Yesterday's stock index closed at 2949.60, down 2.42%.

In less than two weeks, stock index fell more than 16 .7%, and gem fell more than 25%.

Yesterday afternoon 2:30, the venue financing target began large-scale limit, "a new round of leverage to start, but still not to the most critical time."

Brokerage analysts told reporters.

Liao Pengcheng, an analyst with capital futures, told reporters that he now needs to pay special attention to two.

One is the two line of early warning, the other is equity financing.

A number of securities dealers told reporters that, due to low conversion rate, the financing plate at present only sporadic bursting, most of the financing plate has not yet reached a strong level.

The balance of Shanghai and Shenzhen two cities fell for eighth consecutive trading days, a total decrease of 19 billion 384 million yuan, a total of about 1 .045 trillion yuan, the lowest in more than two months.

According to the Shanghai and Shenzhen stock exchange data, on the 12 day, the Shanghai Stock Exchange's two financial balance was recorded at 612 billion 174 million yuan, a decrease of 11 billion 808 million yuan, and Shenzhen's two monthly financial report of 4319 .13 billion yuan, a decrease of 7 billion 576 million yuan.

Wang Fen, an analyst with Shanghai securities, said that there is no basic coordination, and that only by relying on capital and storytelling to promote the market is not convincing. It is not recommended to copy the bottom. Keeping the wait-and-see is the best policy.

Guangzhou securities investors also said that customers had been warned that the margin was lower than the early-warning line.

The head of a small and medium-sized brokerage business department in Shanghai told reporters: "at present, there are no customers who burst out of the two merger and share pledge, but the first two days near the warning line appeared."

For such customers, they are strongly required to reduce their positions unless they have a large amount of money on the outside.

The source said recently, the sales department was very concerned about the positions of the two financial customers. "Every day is staring at them. Whenever there is a warning line close to 140%, we will contact the customer immediately.

"

The person told reporters that although the recent fall so strong, but the reason for the explosion is not serious because the conversion rate is low, for example, 1 million, probably only to borrow 5 million, so the relative safety factor is relatively high.

Since last June, the stock market has plummeted, the leverage has been spreading continuously, from the OTC to the umbrella trust.

Now has begun to spread to the relatively low leverage field of the two business.

Yesterday, the margin trading sector fell 3.8%.

Statistics show a net outflow of 33 billion 349 million yuan.

756 of the stocks were sold by main funds.

There are only 76 stocks.

Analysts said that the two data expected to be released on the morning of 14 will fall again, and the trillions can be expected.

Liao Pengcheng told reporters that there is a special need to pay attention to the impact of two potential risks, one is the two financial early warning line, the other is equity financing.

This is a potential event that may lead the market to continue to go down.

"It is almost the same for the financing customers. If the market falls again today, it will be a bit broad.

Yesterday, around 2:30 p.m. fell, it is estimated that the closing of the financing plate feeling.

A large brokerage firm in Guangzhou said to reporters, "although there is no market that only falls but does not rise, it is impossible to play in the down channel, and can only wait slowly."

"There is a big drop in the short-term market, the loss of investor confidence, and the possibility of capital withdrawal in the short term."

When reporters exchanged funds with several fund managers active in the Hong Kong stock market, they expected the A shares to be included in the M SC I of the international index company in June this year.

At the beginning of the year, although the funds flow out of the A share market, but when the valuations return to a reasonable level, the funds will flow back in.

In fact, they suggest that investors cherish their chips.

"We won't talk about the bottom today."

A fund of a large fund company in Beijing said it was promoting the new fund.

"There is a big drop in the short-term market, the loss of investor confidence, and the possibility of capital withdrawal in the short term."

Wang Fen, an analyst with Shanghai securities, said that there is no basic coordination, and that only by relying on capital and storytelling to promote the market is not convincing. It is not recommended to copy the bottom. Keeping the wait-and-see is the best policy.

"After the previous crash, the RMB exchange rate has stabilized, investors may begin to think about the reasonableness of the previous paction, so the market may rebound.

In the short term, our view is not too pessimistic, but it is not recommended to participate in the rebound. Although it may be at the bottom of the building, there is still risk. "

Liao Pengcheng said.

Well known short sellers also say that stock prices have been rising for many years, but the receivable growth of corresponding enterprises has not improved significantly. In this case, the fundamentals of enterprises are actually deteriorating.

Fuses unreasonable? Stop, exchange rate depreciation too fast! Saved! "Management care the heart of the market can be seen, but the market no longer face to face down."

Wells Fargo fund investment researcher said that the market has entered the bottom area.

While retail investors continue to sell, international investors are concentrating on the Chinese market.

According to the data of Li Bo, only a month later last August, the international fund invested in China's stock market lost 22% of its losses. Although most funds achieved positive returns on the whole year, some famous stock options, which focused on the Chinese market, stood out with excellent results.