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标题: [20081113]market rebounded with enlarge turnover/ hot secors rotated- Haitong [打印本页]

作者: yangruoxin    时间: 2008-11-13 17:06     标题: [20081113]market rebounded with enlarge turnover/ hot secors rotated- Haitong

*SHCOMP     1927.61    +68.50pts      (+3.68%)     Vol. 80.35bn (USD 11.76bn)
*SZCOMP     6364.03    +247.36pts    (+4.04%)     Vol. 35.53bn (USD 5.20bn)
 
* Chinese government’s investment plan again catalyzed local market. Market opened low, but soon rallied led by previous hot sectors of basic infrastructure relative stocks (Cement, Machinery and Construction) at AM. But profit taking made the cement names correct in the afternoon. Railway names maintained strong trend as the beneficiaries of government’s railway investment enlargement. Besides, Coal, Agricultural names also caught the eyes. Steel names as the hot point soared in PM benefited from the cancellation of export tax for some steel products.
* Only 19 stock names closed with loss. 
* The IP (Industrial Production) was published as 8.2% in Oct08, lower than expectation of 11%. This figure was nearly lowest one in last 3 years.
* China Railway Erju (600528, +10%) and China Railway Group (601390, +10.00%) closed with limit up. China Railway Constructions (601186, +8.81%) also performed strongly.
* Coal names shined during the trading. Hebei Jinniu Energy Resources (000857, +10%), Kailuan Clean Coal (600997, +10%), Pingdingshan Tian’an Coal (601666, +10%)
* Agricultural names were promoted by the exemption of the export tax on some foodstuffs as a part of government’s rescue plan. Heilongjiang Agriculture (600598, +7.14%), Beijing Shunxin Agriculture (000860, +7.35%), Xinjiang Guannong (600251, +5.71%).
* Steel names were among the beneficiaries. Smaller steel mills outperformed. Xining Special Steel (600117, +10%), Hunan Valin Steel Tube (000932, 10%), Lingang Iron&steel (600231, +8.83%).
* Realty developers once surged to high on the RRR cut expectation over weekend, but retreated a bit later. China Vanke (000002, +3.91%), Poly (600048, +5.04%), Gemdale (600383, +3.85%)
* Banks, Securities houses picked up the positive momentum in PM. Market rumor says that the government is considering cutting business tax of commercial banks to encourage them to lend money to enterprises. But some analysts said waive of this tax not likely.
 




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