A Shares Rose Sharply In A Changyang Market With Different Interpretations.

After last week's A share opener, October 12th

It rose 3.28% to 3288, while Shenzhen's index rose 4% to 10961.

All day two city 190 this stock limit, down stocks less than 50, 11 shares down, a total of 925 billion 240 million yuan a day, last Friday, the data is 596 billion 530 million yuan.

Li Daxiao, chief economist of British securities, said in social media: "this is an angry Changyang line."

For the performance of the market, Xu Gao, chief economist of Everbright Securities, said: "expanding the pledge of the central bank's credit assets is stimulating to the market.

The policy is very imaginative. It is interpreted by the market as the central bank will put huge amounts of basic money into financial assets and inject liquidity into the financial market.

However, there should be

Can be used, does not mean that the central bank will use.

There are many ways that the central bank can inject liquidity into the financial market. Why must we use this method? "

Why is it a "Changyang line"? What's the impact of the current boom on the market? Li said: "today's boom has strengthened the foundation of the baby's bottom. The two cities have traded nearly trillion, and there has been a trend of volume rising. At present, the market is in good condition."

He added, "today's breakthrough is a breakthrough for the previous platform.

First, the valuation of Shanghai 50 is about 8.6 times, followed by a listed company can only buy, can not sell.

Again, IPO has been suspended, and finally,

The means of short selling have been limited.

Downward momentum and upward momentum have changed.

Now it is in an ascending channel. "

The announcement stressed that the pilot project of credit assets pledge refinancing is an important measure to improve the management framework of the central bank collateral, which is conducive to improving the effectiveness and flexibility of monetary policy operation, helping to solve the problem of relatively inadequate collateral for local corporate financial institutions, and guiding it to expand credit for agriculture, rural areas and small and micro enterprises, reduce the cost of social financing and support the real economy.

Li Daxiao believes that today's market performance is related to the policy. He thinks: "it helps to reduce the financing cost of enterprises, support the real economy, and strengthen the liquidity of market funds.

It's good news that helps stabilize growth and stabilize the stock market, and has a positive effect on building a baby's bottom. "

Xue Hexiang has a different understanding of this. He said that the domestic policy "supporting the bottom" to maintain stability only supports the fluctuation of the main board, and the expansion of credit pledge is no longer a "Chinese stimulus".

The outflow of stock market is still hard and the stock market is the basic pattern. At present, it is impossible to break through. The turnover is neutral, and the rebound is caused by the increase in funds rather than the increase in admission.

The market is full of expectation for the golden autumn of October, where is the potential risk of the market? Is the market going all the way? "Li Xiao Xiao said:" moving average is just like the high voltage line, which suppresses the market trend. The road to break up is still very long, and the future should be defined as a difficult rise.

This is just the beginning of breakthroughs, the first light in the dark. "

Under the background of warmer fundamentals, the "eating quotes" that appeared in the short term or even accelerated in October have been widely accepted by the industry.

So how should ordinary investors take part in "eating quotes", Xue Hexiang, chief strategist of Huatai Securities, said, "after some stocks have already had a big rebound, they will show more clearly, flexibly take part in eating quotes, queue up early, eat fast, and do not become stage buyers."