Why Do A Shares Stand Alone In The International Market?

The five trading days after the holiday, A shares still came out of the independent market.

After the first day of the first year of the monkey's jump, it began to pull up. The monkey began to see the monkey in the first year, and jumped to the 2850 key point in one week, recovering the lost territory and gradually recovering the popularity of the market.

It is gratifying to note that on the first trading day of the first trading day of the monkey market, the volume of 330 billion yuan in the Shanghai and Shenzhen stock markets has also been increasing day by day. After a long holiday, various funds began to gather again, and the M2 data released after the festival increased significantly. This also brought confidence to investors. In the final analysis, the stock market was stacked up by money, and the stock of money increased and the stock fell.

After all, the market dropped from more than 5000 to more than 2800 now. This point buys stocks even if they are stuck again, but in the long run, they are still undead.

The reason why A shares can be left alone in the international market is still dependent on the following factors:

First, there has been a strong rebound in the RMB exchange rate.

At the beginning of the year of the monkey, authorities have repeatedly and repeatedly said on three occasions that there is no possibility of devaluation of the renminbi.

After the opening of the festival, we also saw a substantial appreciation of the renminbi, which has brought much support to the A shares as RMB assets. In the 20 years of history of the Chinese stock market, the exchange rate has never had such a close correlation with the stock market, and the trend of A shares is also dependent on the exchange rate and the economic prosperity to a large extent. The economy is stable, the stock market is stable, the exchange rate is stable and the stock market is stable.

It is a great factor to get out of the independent market and be independent.

Two, banks have no room to fall.

Last week, in the turmoil of the international stock market, bank stocks became an important promoter. The main reason is that the bank's bad debt rate has been raised. We are worried that the bank shares of A shares will not be able to sustain.

The weight of bank shares in Shanghai stock index is very large in China's stock market, and at the same time, A share market is very important.

Almost half are contributed by bank shares, so the trend of bank shares is the direction of Shanghai stock index. Bank shares are the standard allocation of institutions and direct holding targets of Huijin Company, so the trend of bank shares also directly reflects the profit and loss level of institutions.

In terms of current valuations, the bank's stock market profit rate has reached a minimum of 5 times, and a considerable portion of the bank's stock market net rate has been less than 1. Of course, people still worry that with the spread of the economic downturn, the bank's bad debt rate will increase, but the bank shares that fall out of value will go down again, and the space for the decline is not large. Therefore, from this perspective, the banking stocks have been supported and the market has also supported.

Three is

It has become a common practice that the impact on the market is almost negligible.

In the first week after the holiday, 9 new shares were issued, all of them were small bills, and 1 were issued in 1 days according to the usual practice. The average success rate of 2/10000 made the new shares a scarce commodity.

And this kind of scarce commodity is all small ticket. After listing, it continuously pulls up N trading boards. This also brings the enthusiasm of the speculation and the high positioning of the stock price to the stock market. This wealth effect will remain for a long time. The catalytic effect of the new shares will bring new themes to the market continuously.