First, the quantity can shrink, and the wait-and-see atmosphere is strong. Large-cap stocks continue to weaken.

As the last trading week before the Third Plenary Session, the wait-and-see atmosphere in the market is getting stronger and stronger. Even if the weekend news is warm, the market chooses to "temporarily stop" for shock consolidation. In the short term, it is difficult for the market to get rid of the pattern of "shock city". The turning point is the reform signal released by the Third Plenary Session under the influence of the lack of leading sectors, the gradual shrinking of quantity and the continuous "squeezing bubble" of growth stocks. The short-term market may continue to fluctuate within a narrow range, but the mid-line is another big bottom after all, and the operation is generally based on shareholding.

Second, the long-term positive and short-term negative real estate banking stocks will be tested.

In the 383 plan, interest rate liberalization is the highlight, which is a major negative for bank stocks, but it is good for small and medium-sized banks. Although the national leaders didn't mention housing prices at the meeting, it doesn't mean that they recognize the current housing prices. It is because this leader knows very well that house prices don't count at all, only the market has the final say, so they work hard on supply and try to solve the problem by market means. But this final conclusion will still be reflected in the easing of the relationship between supply and demand, so that the slow and reasonable return of housing prices will inevitably play a subversive role in the growth model of real estate, and it is not good at all.

Third, 1000 billion lifted the ban on market value, attacked small and medium-sized boards, and reduced its holdings in the hardest hit areas.

For A-shares suffering around 2200, 165438+ 10 is more stressful. 165438+ 10, the A-share market will usher in a climax of lifting the ban, and 77 companies will lift the ban on restricted shares, with the number of shares lifted being122.36 million, and the market value of lifting the ban being 107539 million yuan, an increase of 3 1.45 over the previous month. It is worth mentioning that the listed companies whose restricted shares were lifted in June 5438+065438+ 10 are mainly concentrated in the small and medium-sized board and the Growth Enterprise Market. According to the statistics of straight flush (300033, stock bar) (300033)iFinD, 1 17 GEM companies ushered in the lifting of the ban on restricted shares, with a total market value of1448.4 billion yuan, accounting for 13.47 of the market value of the month. Guba) (300026), Xinghui Car Model (300043, Guba) (300043), Du Nan Power Supply (300068, Guba) (300068), Xinwei Communication (300 136, Guba) (300/kloc).

Fourth, important shareholders fled the small and medium-sized board to reduce their holdings.

On June 5438+ 10, the willingness to reduce industrial capital weakened under the background of a sharp market correction. In June, 5438+ 10 * * 127 companies reduced their holdings by 554 million shares, with a cash market value of 64150,000 yuan. Compared with the 303 companies that reduced their holdings of15.93 million shares in September and realized the market value of175.08 million yuan, the market value of their shares has shrunk significantly.

According to industry insiders, this is because according to relevant regulations, the controlling shareholder of a listed company may not transfer the shares that have been released from the restricted sale within 30 days before the announcement of the company's third quarterly report. With the disclosure of the third quarterly report, many major shareholders who have the impulse to reduce their holdings have to postpone the time to 165438+ 10, which is also the reason why their holdings have been greatly reduced since 65438+ 10. At the same time, in June 5438+ 10, the market weakened, the GEM index was adjusted back to a high level, and the reduction in holdings in that month also decreased rapidly.

The reduction targets are mainly concentrated in consumer goods industries such as textiles and clothing, chemicals and electronic components manufacturing. The number of companies that reduced their market value by more than 1 100 million yuan decreased from 44 in September to 20, and the top three companies that realized their market value were Smith Barney (002269, shares bar) (002269), Jin Zhengda (002470, shares bar) (002470) and Yasheng Group (600/kloc-0).

Verb (abbreviation of verb) China Petroleum165438+1October 8th, due to the decline in overall circulation performance, the selling pressure increased.

China Petroleum announced today that the 400 million shares of the company held by the Social Security Fund will be released from the restriction on sale and listed for circulation on June 8th. 165438. This is the last restricted stock of China Petroleum. With the lifting of the ban, China oil will be fully circulated. According to the data, China Petroleum issued 4 billion A shares for the first time in 2007 and listed on the Shanghai Stock Exchange on June 5, 2007, with a total share capital of/kloc-0,830,2/kloc-0,000,000,000 shares. At the beginning of listing, China Petroleum Group held157.922 billion A shares and promised not to transfer them within 36 months. However, the part of its shares listed and circulated in overseas trading places approved by the domestic competent authorities is not subject to the above-mentioned 36-month lock-up period.

In the third quarterly report of PetroChina, it seems that the turnover of 1.68 trillion yuan and the net profit of 95.3 billion yuan failed to cover up the weak link in the middle-from June to September, PetroChina * * * processed 734.5 million barrels of crude oil, and the operating loss of the refining sector was 20.004 billion yuan. Among them, the loss of oil refining business was 53.21100 million yuan, and the loss of chemical business was146.83 million yuan.

Cheng Boming, general manager of CITIC Securities: IPO may be restarted after the Third Plenary Session.

Cheng Boming, general manager of CITIC Securities, said at the annual meeting of China Finance Association held in new york that with the Third Plenary Session ending on1October 1 12, the IPO of China A-share market may be restarted at the end of this year.