State-owned Enterprises index half a 43 point high strong consolidation

State-owned enterprises index morning strong consolidation, a A-share to maintain strong and the current market is still quite ample liquidity significantly inhibited the initial adjustment, the state by the city of 10,647 Point Low repeatedly regained regain ground, once fell 70 points, noon 10,820 points, fell 41 points, or 0.38%, Turnover of HK $8.916 billion, shrinking faster. Hui-FU securities that it is hard to guess when liquidity will be withdrawn from the stock market, but unless there are more positive catalysts to stimulate investment interest, it is hard to expect a further strong rise in Hong Kong equities, the current valuation looks too high, about the same as the 2009 forecast earnings ratio of 17 times times, if close to 20 times times, will face more　　The month refers to fall 100 points to 10,728 points, low water 93 points. The big line to sing good power shares against the city, Huaneng International (0902-HK) rose 5.48%, Datang Power Generation (0991-HK) rose 4.74%, as the first increase in constituent stocks, the former UBS will be upgraded to outperform the market, the target price increased to HK $6.5.　　China Resources Power (0836-HK), which is the new promotion of HSI's constituent stocks today, is 1.29%, and Credit Suisse has maintained its rating of winning the market. Bank shares were weak, ICBC (1398-HK) fell 1.22%, Merchants Bank (3968-HK) and Bank of China (3328-HK) fell 1.08% and 0.84%, and Bank of Communications (3328-HK) and Construction Bank (0939-HK) fell 0.78% and 0.19%,　　It is rumored that new borrowing will fall further in May this weekend, also affecting the short-term performance of such shares. Commodity shares also weakened, Jiang Copper (0358-HK) fell 0.42%, Zijin Mining (2899-HK) also fell 1.69%, steel stocks by domestic steelmakers may accept the impact of 33% reduction, Angang (0347-HK) and Ma Steel (0323-HK) fell 0.44% and 0.87%. PetroChina (0857-HK) and Sinopec (0386-HK) fell slightly 0.17% and 0.11%.