It's time to go back to the plate

Reporter Li Yuxin zhao The IPO will restart the news impact, the early plate of the cities opened sharply low, PetroChina afternoon rise, promote the stock index quickly turn red. Shen Chengzhi opened that fell below 10,000 points, the decline of both cities were both more than 2%, followed by banks, real estate led the market rebound, the stock index decline significantly narrowed. Afternoon, with the surge in oil, the two Cities stock index rebounded sharply and both turned red, prev Close successfully regained 2,600 points, Shen Chengzhi also successfully stood on the 10,000 point mark, a full range of active stocks.　　Up close, Prev report 2610.01 points, up 12.41 points, or 0.48%, Shen Chengzhi reported 10182.16 points, up 1.09%. On the plate, the two cities early on the plate has been a general fall pattern, but the afternoon with the market rebound turned red, about 40% stocks closed up, trading of non-St shares more than 20.　　Power equipment, financial sector, real estate sector, non-ferrous metals plate, such as the four major weight plate in the afternoon, to stimulate the market long confidence. Plate stocks, petrochemical double-hung to become the main force, PetroChina Plate rose at one point to 3%, directly push up prev turn red, Sinopec closed up 0.59%. First-line property shares also outstanding performance, Cofco Real estate trading, Vanke A, gold group rose more than 3%, Merchants Real estate, poly Real estate rose more than 1%. By the IPO will restart the news, brokerage shares all day rally, the plate overall rose more than 5%, the Pacific plate once trading, Haitong Securities rose more than 6%, the Yangtze River Securities, National Yuan Securities, Southwest Securities, Gold securities rose more than 4%.　　In addition, the non-ferrous metal plate rose sharply in the afternoon, a full line of red, Xiamen tungsten industry rose more than 9%, Tongling nonferrous, Jiangxi Copper industry rose before the Chinese aluminum industry up 1.22%. >>> Point of view link market strength indeed unexpectedly Citic Securities chief Strategy analyst/Yu June: Yesterday the Shanghai and Shenzhen cities both contrarian turn red, prev-day strong rise 55 points (opening point to close point) is indeed unexpected.　　We have thought that after the IPO restart, market sentiment will form a certain pressure, prev Close may be back to 2,400 points near the support, now it seems that the market, including us, I am afraid that the interpretation is too pessimistic. Six times in history before the IPO restart, the market basically to fall mainly, and the IPO restart to achieve, the market is basically showing a steady recovery trend. At the same time, export recovery is still a while, real estate, automobile and other terminal consumption has not been fully conductive to the industrial sector, so we are more determined in the short-term market will form a certain pressure judgment.　　However, from the market generally worried about the valuation, the probability of deep adjustment is low, the current market is expected to 09 Shanghai and Shenzhen 300 listed companies earnings growth rate of 16.2%, corresponding to the P/E ratio of 19.4 times times, the city net is 2.6 times times, overall still in a reasonable range. It is expected that the pattern of the oscillation will not change, can be concerned about low valuations, industry rebound in household appliances, steel, paper, etc., can also focus on the resumption of the IPO brokerage and the benefit of the new energy policy issued by。 Pay attention to avoid the market short-term risk of the German state Securities Institute deputy Director/fan: Yesterday, although the market low open high, but by the end of last week's IPO restart bad effect or more obvious.　　On the plate, blue chips played a major role in protecting the disk, including PetroChina, Haitong Securities, Sinopec, the first three contributions to the Shanghai Composite Index, Vanke a also contributed to the Shen Chengzhi 7.88 points. Plate to see, electrical equipment, brokerage, non-ferrous Metals and other resources of the plate before the rise. New energy sector has been in the recent industry revitalization planning, this plate will be the mainstream of this year's varieties, but in the short term has a higher rise, do not recommend blindly chasing high.　　The recent depreciation of the dollar, leading to higher international commodity prices, is also the main reason for the rise in resource stocks. In the future, the volume of the cities has not been effectively released, the short-term market has not yet been adjusted in place, may continue to explore the 60 daily average line, the midline, Outlook will be in 5 June to build the bottom, investors should pay attention to avoid short-term market systemic risk.