Days of the lifting of the day: PetroChina "inflation" when the start?

PetroChina Rose 1.25% yesterday, the Shanghai Composite Index, Shanghai and Shenzhen 300 Smooth response November 8, the A-share market, the largest shares of Chinese oil 157.522 billion shares lifted, to the closing price of Friday to calculate the lifting market value as high as 1.8 trillion yuan, this week in Shanghai, the lifting of the market value of 96.71%.　　After the lifting of the ban, PetroChina has become the largest share market in circulation. From the day of the plate, the lifting of the day does not have a strong impact on PetroChina stage.　　Yesterday, the Chinese oil high jump 0.07 yuan, to 12.06 Yuan opened, and then straight up, the top of the plate to 12.33 yuan, the increase of nearly 3%, followed by a small drop in the 12.14 yuan, the whole day up 1.25%, to achieve a smooth lifting of the ban. Yesterday, the Shanghai and Shenzhen 300 index to 3534.19 points higher after the high volatility trend, the whole day slightly up 0.39%, the Shanghai Composite Index closed 3150.59 points, Rose 0.67%, a new high.　　Clearly, the ban on oil has not brought negative pressure on the market. However, as China's largest oil producer, its natural resources endowment can help Chinese oil in the A-share market glow "second Spring"?　　This is the issue that investors are most concerned about in the current "inflation market". At the beginning of the return to a-share market, PetroChina was once a hot market, some even said: This is a can "intergenerational" stock. is because of the properties of its resource class. On the first day of listing, the Chinese oil A shares issued by 16.7 yuan/share unexpectedly opened a price of 48.6 yuan, then began its rolling down road, and even finally fell below the issue price.　　Some market people believe that China's oil A shares listed as the 2007 a-share market, the "watershed", once became a scapegoat for the market decline. However, from a longer period of time, China's stable profitability of oil has not changed.　　The quarterly results show that PetroChina achieved a net profit of 99.91 billion yuan in January-September, an increase of 23.11% per cent and a share gain of 0.55 yuan.　　The latest study of Ping An securities estimated that the company 2010, 2011, 2012 EPS is 0.76, 0.86, 0.98 yuan, corresponding to the current price of the dynamic P/E ratio of 15, 13, 11 times times, the valuation is more reasonable, taking into account the company's leading position in oil and gas resources, maintain a "recommended" Some analysts point out that because the Chinese oil ban is part of the majority shareholder of China Petroleum Holdings, the market generally believe that it is not easy to sell out of control. After reviewing the reform for 5 years, there has never been a precedent of throwing shares after the lifting of large shareholder of central Enterprises.　　In recent years, China's oil shares in the stock of shares tend to concentrate, coupled with international crude oil prices continue to rise and inflation expectations, such as the fundamentals of support, the company's profitability worry-free, in the abundant market funding support, the stocks in the short term is expected to continue to shock upward, do not rule out a wave of "regain the price price" the possibility of the market. With the lifting of China's hundreds of billions of restricted stocks, the first-share market capitalisation will also be easy to master, PetroChina will surpass the industry and commerceBank, successfully won the first position of the market value of a shares. After the lifting of the ban, except Agricultural Bank (601288. SH), including ICBC, CCB (601939). SH), Bank of China (601988. SH), Chinese longevity (601628. SH) and China Shenhua (601088.SH) and other a-share total market capitalisation of the top ten companies have basically achieved full circulation, to the end of the total circulation of shares in the total share capital of the proportion will be more than 80%,a shares have entered the era of full circulation.