A-share of the first half rose 63% July operation should be cautious

Every reporter Mao Jinnan a A-share although failed to bang 3,000 points, but, this does not affect a shares in the first half of 2009 bullish. Yesterday, the market fell 15.95 points, reported at 2959.36 points, so far, the first half of the market fell behind the curtain. The Shanghai stock market index rose from the end of last year's 1820.81 points, a six-year rise of up to 62.53%.　　The first half of Shen Chengzhi's rise was staggering, reaching 78.35%.　　Unconsciously, 3,000 points already in sight, and analysts believe that the market still has 3,000 points of ability, but the July market volatility, operation should be cautious.　　Ample liquidity to support the entire first half of the market, very important factor is the liquidity is abundant, in the capital, a A-share launched a wave of capital-driven market. With commercial banks lending massively, China's credit volume was staggering in the first half.　　If the market rumors of new loans in June more than 1 trillion yuan, the first half of the new loans will be close to 7 trillion yuan, which in China's economic development in the past few decades has never been. A large number of hot money can not enter the real economy, virtual economy has become the promised land of hot money.　　And the capital market naturally becomes the hot land of the fund.　　From the trend of the market, although the plate again and again to start to fall back, but in the capital inflow, the earlier highs have been broken, new highs constantly. Into the June, the market has begun to accelerate the rise, crossed 2,700 points, almost 3,000 points, the June single month's rise also reached 12.4%, for the first half of the second largest monthly gains.　　At this point, the first half of the market even pull 6 Yang line, rose suffocating!　　The July market is still worth looking forward to after 6 consecutive months of the rally, the market sentiment has been boiling, it seems that a new bull market has come. Undeniably, under the liquidity support, the market upward trend is still healthy, the market still has the further rise space.　　However, after the first half of the rally, the market has accumulated a large profit chips, in almost everyone to make money in the market, the risk needs attention. And from the technical side, the market continues to rise will face the June 2008 formation of the downward jump gap, the gap at 3215.5 points ~3312.72 Point, space about 100 points.　　If the market rises further, it will face the pressure of the huge jump openings.　　From the trend of Shen Chengzhi, because the index is stronger, to yesterday, has been successfully formed at the same time the jump gap closed, the gap in the 11212.84 point ~11670.65 Point, and yesterday, Shen Chengzhi the highest point of 11672.7 points.　　National securities analysts said that because of the trend of Shen Chengzhi in Shanghai market has a strong traction role, do not exclude the Shanghai market in July continue to spike the possibility, and 3,000 points should not be too much pressure on the market, the gap position may have a real test. Operation, the industry suggested that must follow hot spots, July of the exerciseThe difficulty is bound to further increase, real estate, non-ferrous metals, coal and other first-half of the strong varieties can be further performance, or other new hot plate appears, still need to observe, investors only actively follow the changes in the market, can be harvested in July. Synchronous broadcast Shang Fulin: The second half of the full implementation of the Gem and new issues Securities and Futures Commission chairman Shang Fulin recently in the "National Security System Network information safety and confidentiality work" special meeting, said that the second half of the SFC will focus on completing the relevant system, including the growth of the market supervision and enforcement,　　Four tasks such as maintaining information system security and enhancing regulatory effectiveness. In the second half of the work deployment, Shang Fulin said, will "fully implement the gem and new issues such as the issuance of major reforms to effectively meet multi-level investment and financing needs." The SFC will complete the establishment and release of the successor supporting documents of the GEM, set up the audit committee of the gem issue, do well the special training for the sponsors, law firms and other intermediary organizations, and implement the appropriate management system for the investors of Gem market. Implement the reform measures of the IPO system and perfect the market pricing mechanism.　　In addition, in strengthening the external constraints on the market subject, the SFC will formulate and improve the listed companies to absorb mergers, acquisitions, major asset reorganization system rules, strengthen the implementation of accounting standards and financial information disclosure supervision. Every journalist Jiang Yanyan