August speculation Hong Kong stocks should seize the four major Keywords

Today, July is the last trading day. If the market has not significantly dropped, then the "five poor must 6 7 emancipated" As the saying goes in the Hong Kong stock market will be confirmed. To July 30 closing, the Hang Seng index closed at 22690.60 points, the 22102.01 points by the end of June rose 588.59 points, or 2.594 percent cumulative; state-owned enterprises outperform market index, yesterday to close at 12469.26 points, the 11909.75 points by the end of June rose 559.51 points, accumulated Or 4.487 percent.

July Review: July-finance real estate "emancipated"

In early July, the Hong Kong equities, "emancipated" the trend is not satisfactory. The Hang Seng Index in the July 8 dropped to 21098.84 points although there are technical rebound, but only rose to the level of 22,000 points will be U-turn downward.

Turnover plunged

To July 16, the Hang Seng Index dropped to the lowest intraday 20988.74 points, the market confidence in the verge of collapse, and the market is at this time of a turnaround - U.S. policy was to save the market. Since July 16, a wave of Hong Kong stocks rebounded strongly. To July 24, the Hang Seng Index in seven trading days up to skyrocketing 2370.31 points, the biggest gain 11.29 percent. Up to a faster decline. To intraday high and low-bit computing, in the July 24 to July 29 the four trading days, the Hang Seng Index fell to 1279.96 points, short-term sharp fluctuations "frighten away" many investors, the market turnover reduced to 40 to 50 billion Hong Kong dollar.

On the plate, in July turned the market is the largest financial groups to benefit property stocks. To July 30 close-bit computing, the Hong Kong Monetary index than the end of June rose significantly 1691.86 points, or 4.8 percent, to close at 35196.76 points, while Hong Kong's property sub-index closed at 27245.01 points, an increase of 5.6 percent, on the Running lose half of the financial market the real estate section in July finally revive the glory. Stocks in the first half year, "Huitoutulian" HSBC Holdings (00005, HK) in late July Elevated sharply, although recently entered the adjustment, but still a cumulative increase of 6.3%; leading Hong Kong property shares of Sun Hung Kai Properties (00016, HK) and the Yangtze River Industrial (00001, HK) in July were up 10.3 percent and four percent.

The shares of state-owned enterprises, the Olympic eve of the "honeymoon period" is a great performance opportunities. In July, the market reported similar macroeconomic regulation and control may "Songshou" the news, finance, real estate section, "Xishangmeishao." To the Industrial and Commercial Bank (01398, HK) as an example, the stock closed at 5.89 Hong Kong dollar yesterday, a June 30 closing price of 5.33 Hong Kong dollar soared 10.5 percent, China Merchants Bank (03968, HK), CITIC Bank (00998, HK) accumulated Or respectively 15.3 percent and 12.13 percent. Property stocks, real estate Shimao (00813, HK), R & F Properties (02777, HK), North Star (00588, HK) each in July rose 9.05 percent, 11 percent and 10.48 percent.

Quotes untold optimism on the Olympic Games

For the coming August market, analysts point of view there are large differences.

KGI (Asia) director of the Kuang-bin to the "Daily News" said that this year, the market has been through several Tandi. The first was in January, the index to 21709.63 points after the rebound, the second was in March, the index scale new year low of 20,573 points is the third time in the July 16, the index dropped to 20,989 points after the session Rebound, such a rebound is expected in August will be continuity. However, he also respect the public-bin, entering the Hong Kong stock market this year bear market since the rebound each time the waves are less than a wave, the high point in August should not be higher than in May of 26,378 points, the Hang Seng Index is expected the high point Will appear in 23,500 points to 24,000 points between.

Mr Kwong of KGI and the public-bin compared to First Shanghai Securities analyst Ye Shangzhi in the "Daily Economic News" interview, it is relatively cautious, "in August to do worse psychologically prepared for the market will be even more sluggish" . Hong Kong stocks have entered a bear market now No. 3, also fell stage is expendable, even if the index rose during the bear market will rebound in the technology, investors can not Kurume.

As for whether the duration of the current round of a bear market, were optimistic that the market early next year will be stabilized; pessimists who think that adjustments will continue until 2010. But experience tells us that the bear market most of the time not exceeding 18 months, the duration of six months to 13 months up to the middle. This basis, the bear market will be in the middle of next year is expected to end.

August Raiders: Operation Olympic, mainly to the four major Keywords

For the Olympic Games on the operation, "Daily News" in an interview with a number of analysts, summed up the four words to help you grasp on the Olympic Games Quotes.

Keywords 1: high parabolic Olympic concept stocks

On entering the Olympic Games, the Olympic concept stocks is an unavoidable topic of conversation. KGI (Asia) director of the Kuang-bin said that the concept of the Olympic Games has entered an end, speculation Olympic concept stocks investors should Fenggao shipments. Mr Kwong Man-bin respect, this year, the stock speculation of the Olympic Games is the best period in July, Li Ning (02331, HK), led by Olympic concept stocks in July Zhuanzu eyeball, or accumulated considerable. Li-Ning Sports Goods and Anta (02020, HK) 7月biggest increase close to seven percent. Ye Shangzhi First Shanghai Securities analyst pointed out that the concept of the Olympic Games shares the valuation is relatively high, equivalent to approximately 20 times the expected price-earnings ratio, price-earnings ratio of the Hang Seng Index only 14 times.

Keywords 2: Center Daily News surprise or limited

Entered August, the heavyweights will have released interim results. In the month before the Olympics, the sporadic release of the Center Daily News to become a very small number of the continuation of the speculation of hot, every listed company released better-than-expected interim results, often better than their short-term trend of the market. Of course, the performance of early warning units, without exception, become short against the target.

For August the Center Daily News Quotes, Ye Shangzhi that the economic downturn in Europe and the United States, soaring oil prices led to the high cost of the background of this year, the Center Daily News Quotes difficult to surprise. It is precisely because the first half of poor business environment, investors will have a strong wait-and-see mood, thereby inhibiting or index.

Keywords 3: Federal Reserve that interest rates

The Fed will be on August 5 that interest rates again at the meeting.

Ye Shangzhi pointed out that the current global market share continues to lead Aestheticism, the Fed's interest rate proposed resolution is still affecting the global capital markets nervous. However, economic growth and inflation into a dilemma concerns the Federal Reserve is expected to be the pattern in August to keep rates unchanged. Another analyst pointed out that the U.S. is currently facing is the main core inflation, once the grain and oil prices fell, the inflation pressure will be greatly reduced, it reduces the likelihood the Federal Reserve raising interest rates. Although the market that the Fed's interest rate results have been expected, but that in the absence of other market interest rates before and after the subjects that interest rates will cause a topic of speculation.

Keywords 4: Bo bargain hunting buying rebound

Although the market optimistic about the unspeakable, but they still have the opportunity to bargain hunting buying Bo rebound.

Jinyu Universal Co-director Lin Weixiong proposal, the current short-term investors should按兵不动, the bear market is the most valuable cash. Because the market is expected to have 5% or more of the decline, investors can wait for one or the ultimate, when the Hang Seng index fell to 20,000 points level again when opportunistic shots.

Lin Weixiong also summed up the market for short-term investors of the six major sign of bottoming out: First, from a technical point of view, the present trend of the stock market lower after the first high-form, Dow index smaller decreases, even a rebound in the second, will have all the major desalination All positions open, leading to the market panic selling; three, with continued shrinkage; 40, the futures from days of low water (futures lower than the spot) to high water (above the spot futures); five, technical indicators issued bottomed out Signal, such as fluctuations in the rate reduction, relative strength index fell below 30; six from the Hong Kong dollar and Hong Kong dollar interbank interest rates observed capital flows, to see whether there is a substantial capital inflow into Hong Kong.

Source: Daily Economic News