[BATSON] around the stock market dragged down the Shanghai and Shenzhen opened sharply lower broader market Friday, opening the main stock index fell below 2000 points, while the Shenzhen Component Index plunged over 400 points intraday, approaching pre-adjusted low. Bank shares led the afternoon rebound bottom tape to pick up, but reluctantly stocks Pudie serious weighing on investor sentiment, late in the acute and pull the oil did not change the trend. As of closing stock index reported 2000.57 points, down 74.01 points. Crisis in the global capital markets, the market will not immediately change the atmosphere of wait and see, need a period of rehabilitation to rebuild market confidence.
Main stock index closed at 2000.57 points, down 74.01 points, or 3.57%, turnover of 39.81 billion yuan; Shenzhen Component Index closed at 6385.35 points, down 372.86 points, or 5.52%, turnover of 16.03 billion yuan.
The disk, floating in green stocks over 1500, up less than 100 stocks, Ping An and China Life Insurance and many other suffered only stocks tumbled. Sales of the coal industry, industry, instruments, bicycles, ceramic industry, shipbuilding, environmental protection industries. A lesser extent, the industry down the financial industry, cement, roads and bridges.
The recent oversupply of coal, coal prices lower, led directly to the coal plate A shares recently became the first "bad" section. Coal shares fall across the board, the National Yang new energy, gold in the energy, Pingdingshan, Kailuan shares are declared daily limits, Shenhua slightly firm, but the decline has more than 5%. Early gains a better animal husbandry and fishery plates profit taking today are down nearly 7%; real estate section in the stock market's "winter" is always the weak trend, today's 7.24% drop is quite normal. Banking sector, Industrial and Commercial Bank of China fell the way early in the afternoon after the rapid decline slightly warmer, Bank of Beijing, Huaxia Bank gone against the tide rose, but the sector, the overall weakening significantly. Brokerage stocks remained sluggish, although there is a decent market out of the broader market is difficult, after CITIC Securities rose again be suppressed small have again turned green, Hai Tong Securities rose 2.26%.
Technically, the stock market crash affected by external short-term trend of very weak broader market, covering 9.19 upward gap of great potential, although the continuous introduction of good policy this week, but still hard in a short time to restore investor confidence, plus intraday volume can always maintain a lower level, making broader market weakness to rise.
Overall, the domestic macro-economic trend in the current time being clear, short-term profit forecasts of listed companies and the global financial crisis, the depth and breadth of background are not clear, investors should not lightly index stabilized. The long term, macroeconomic and corporate profits rebound, and how to restore market confidence is the key index reversed.