Blue-chip market to attract funds to return 30 billion spent or rational prosperity?

June 3, the Shanghai Composite index rose 54.29 points, closed at 2778.59 points.　　So far, in the 3 trading days since June, the Shanghai Composite Index has jumped 110 points, almost 2,800 points. This wave is a very clear blue chip market. The weight of blue-chip in countless plates and themes have been performed by turns, the rise overnight, and led the market trend. As before the analysis of the same, look at the empty people continue to see empty, and the view is more pessimistic, blue-chip plate rose is in the subject plate shipments for cover; see many people still see more, the point of view more direct, "The national team is coming, fast chasing!" "June Return of money back to the weight of blue-chip plate to switch the small stocks of signs, at the end of April, early May, there are signs."　　Now it seems that the June 1 to date the weight of the stock market, but is a concentrated outbreak.　　Wind classification Index, the Shanghai 50 Index began to increase significantly in May, monthly gains from April to 5.04%, and the corresponding, small and medium-sized board increases began to narrow, the monthly increase from the original 7.55% shrank to May 4.55%. On the plate index, the run-up to the rally since June 1 has started in May, with a monthly gain of 6.08%, well above 0.19% in April.　　However, the weight of blue-chip connection, and failed to mobilize the other plates, the original hot plate, in May, at the beginning of the change in prices, the signs of high delivery has been quietly revealed. Reporters randomly selected three of the previous hot plate statistics Capital access situation, found that coal, non-ferrous, new energy and other early hot concepts are net outflow state of funds.　　One of the coal plate May net outflow 2.385 billion yuan, the coal plate net outflow 6.584 billion yuan, while the non-ferrous metal plate performance is most obvious, net outflow funds up to 7.434 billion yuan.　　But after entering June, non-ferrous metal plate and coal plate again appears the phenomenon of capital return, respectively, net inflow of 4.3 billion yuan and 365 million yuan, and the new energy concept may lack of new hot support, still show a net outflow of funds, plus June 3 The latest closing data, net outflow 2.267 billion yuan!　　Data show that the agency continued to sell after the market, blue chip suddenly hit the bar, the index has not fallen instead of a continuous rise, many institutions have taken a return to repair action, which also directly led to the June start, and led to a new high index. Flush LVEVL-2 Statistics show that the Shanghai A-shares from May to June 2nd, the total outflow of funds in the size of more than 40 billion yuan (in order to buy large orders for statistical caliber, the same below), which means that in the exponential continuous rise in the process, large funds are present net outflow trend-but into June,　　The two-day return of funds is close to more than 20 billion yuan.　　By the close yesterday, large single funds returned 7.665 billion yuan again.　　Body expression because of the IPO restart and index many high warning, and scare out of the small investors, even some institutions, this time is obviously "instead Ta Kong". As a radical style of the traderMingchuan, is a medium sized private trader in Beijing, when the company's decision-making report had asked the trader to empty the pool 3 weeks ago, he continued to follow up on the concept of the subject matter, such as the concept of nonferrous and new energy--although it made some money,　　But the consequence is that the company boss will be assigned to Liu Management of nearly 10 million funds, suspended its right to operate. "3 weeks of empty, now our company Research department also a bit annoyed, the boss all day looking forward to the market fell down, to continue to buy, but the markets have been not to give the opportunity, the higher the more afraid to buy, we can only regret!" "3 weeks of instead Ta Kong, the private placement on pins and needles, yesterday afternoon, its finally shot."　　But they are still not looking for the pulse of the market, but through the acquisition of an "insider information", the "message ticket", talk to compensate for "lost 3 weeks." Of course, even in the extreme pessimism of the market, there is no lack of positive operation of the case, not to mention in the current "small bull market."　　Beijing, a capital of about 600 million of the Sunshine private senior analyst told reporters that their company has been operating, for some of the market hot topics, they have been active participation, and "good results." But their operation was more discreet. "Even if involved in short-term operation, still with our own analysis principles."　　The so-called "analysis principle", according to its explanation, is "in the bandwagon speculation short-term concept stocks, or will pay attention to performance." In addition, "in terms of the concept and the operation of the stock of the short-term theme, the proportion of funds allocated is very small", it describes this ratio is "a little half", and the vast majority of funds, still in accordance with the value of investment principles in operation, "We still hope to be able to invest in some industries with high prosperity, depressed industry generally do not do."　　"Where does the market go?"　　Southwest Securities Investment strategy researcher Sanli that the weight plate in the rebound in the market has been "stagnation", if you look back at this time, "these plate stocks of the bottom of the structure has been very full, has already been pulled up conditions." But the blue chip choice at this time to start, its "performance is not too good, it is also difficult to drive the market for the overall response of other sectors and new rotation," Sanli said, due to the weight of blue-chip impact on the index, resulting in the index was "kidnapped", refused to adjust the plate phenomenon-although it has domestic and foreign economic environment support, but "　　The feeling of a spent spent is still more serious.　　Contrary to Sanli's point of view, Guotai strategy researcher Shangpeng that the previous view that the broad-blue-chip pull index was to cover the high position of the subject-matter stocks needed to change. "This is more of a weak market than it is now, and after two or three years of experience in the bull market, the role of the blue-chip market seems to be fading," Zhai said.　　such as 2007 years of ' 5?30 market ', the weight of blue-chip continuous exerting force, led the index to 6,000 points. And the bigger difference is, "this time the blue-chip startup, thanks to the fundamentalimprovement. This round of quotes exist fundamental support, has not simply a concept or an operational strategy on the pulled. "" The Fundamentals of the highlights, including the continuous rise of foreign oil plate, become a lot of blue-chip driving force, such as PetroChina Sinopec Rally is due to the rise in oil prices, and the rise in coal is also the support of oil prices. In addition, after a long period of adjustment, the bank's valuation must have bottomed out, and the peripheral stock market rally, such as the rise in Hong Kong stocks, have played a direct role in the bank insurance sector. "" The mutual levelling of valuations is another reason why this round of quotes can last. If the market continues to move better, the valuations in each sector will be leveled upwards, and the undervaluation will move towards high valuations – on the contrary, in the case of prolonged declines, valuations are leveled downward. And now the market, the undervaluation of blue-chip sector, has started the index leveling movement.　　"Shangpeng thinks. As for the analysis of the relocation, another set of data in the market can also be supported. May new fund release warmer, bursts 13 new funds, and the SFC promulgated new rules, June 1 full launch of "a pair of many" special household wealth management business.　　Analysis that the two new policies, or will give the market to bring more than 300 billion of incremental funds, "This part of the fund, the first choice is the relatively low valuation level of the large stocks, so the new capital structure also determines the large-cap stocks will continue to be active in the short term." Although adhere to their own operational strategies, but the previous article in the Sun Private senior analysts also think, "in the next few months the big stocks still have the possibility to win small stocks ..." If the statistical relationship is more stable, according to the previous statistics, the market 5, 6-month rotation of a hot spot, to the end of April, the beginning of May market stock market start to calculate, there are 4-5 months time window.