ADR tail PLATE FULL rally HK stocks expected to start in June

After the Hong Kong stock market regained its 18,000-point mark last week to break the five-poor spell, Markets said it had an opportunity to continue to climb up this week. The hot money is still in Hong Kong treasure hunt, last week, the deal continued to match, combined with U.S. stocks on the Friday end of the city suddenly pumped high.　　The closing price of blue-chip ADR (US pre-stock), today as the first trading day of June, is a big opportunity to red. The index rose 2,651 points or 17% in May, imposing a rainbow. Stocks in Friday also ended the last trading day in May, and all of the buying had sprung up within half an hour before the close of the market, making the three indices-the Dow, the S & P 500 and the NA-reference all up about 1.3%.　　Hong Kong's ADR has also been led to a full rally, of these, the 0005 ADR has risen nearly 2 yuan from the closing price of Hong Kong to a level of $70, and the 2628 of the heavy-stock movement (0941) and the Sino-life (China-longevity) ADR have also increased by 0.6 yuan and 0.4 yuan, respectively, to the opening of Hong Kong this morning.　　Ye Shangzhi, the first Shanghai securities market strategist, said the index is expected to continue this week, due to the May city in addition to the sharp rally, the deal is also in line with the last Wednesday and Friday (the Dragon Boat Festival in Thursday) transactions have exceeded 90 billion yuan, and funds are taking stock in different industries, the city is not difficult to further breakthrough high. For the performance is lagging behind, still not up to 250 days line of heavy stocks move and remit control, Ye Shangzhi that, because two shares of 250-day line is still about 10% of the current price, I believe it is difficult to break through in the short term.　　In Friday, the receipt of market prices, the exchange control reported 68.5 Yuan, and 250 days moving average of 83 yuan still have 20% space, mobile is more acceptable, 250 day line (81 yuan) and the current price of 75.7 yuan only 7%. Li Yongliang, the only director of securities at DBS, believes that, under hot money clung, Hong Kong stocks rose at the beginning of this week is still big, but believe that the scope is limited, "hot money quickly, also go fast, now the market began to think that the economy is really recovering, retail investors also began to chase goods, some six or seven line shares after the surge, (FRY) has become dangerous." In addition, U.S. Treasury Secretary Timothy Geithner's visit to China yesterday did not include the renminbi exchange rate issue. Last week, the renminbi's exchange rate after a round of rally suddenly weakened, this week's trend will be one of the market focus.