China's stock market into the era of no village!.

<P>: Http:// hearing, when tens of millions of investors are as bullish across the half-million-point mark and cheered when the various measures from the policy level and frequency of alerts and the recent volatility index, can not help but feel Quotes .The focus has to shift the short side signs! .Especially in mid-2007, although the overall performance of listed companies to 75.04% year on year expected growth of ultra brilliant ending, but a bargaining chip in the market concentration has a large-scale dispersion in the second quarter, making the already over-sensitive to market sentiment more than a trace of anxiety .. .</ P> <P> However, setting aside a day to market volatility and the hot, concentrated on holding a special perspective for careful analysis and interviews with the market the industry, we found that in 2001, which .wave bull market has a big difference is that today's stock market is entering a "no Zhuang Age", the overall chip market concentration can not be distributed or has a reference to determine indicators of market strength, but for individual stocks, the chip .The more concentrated, stronger stock prices did not change the law. .</ P> <P> articles data on the deconstruction </ P> <P> new era of stage and focus under the chips </ P> <P> shareholders of record high total concentration of dispersed shareholdings Liucheng < ./ P> <P> statistics, according to Wind-, medium-Lan Bao S * ST addition, the two cities scheduled a total of 1503 listed companies disclosed the 2007 interim financial report. .The report shows that shareholders of listed companies Liucheng more than a quarter of households have increased medium-term, significant scattered signs of chips. .</ P> <P> statistics, 1503 Disclosure of shareholders of listed companies reported a total of 70.002 million, a record high. .</ P> <P> take into account the comparability of data on that we did not remove the 50 newly listed companies, and then removing the S Yanbian Road, S * ST of the second 23 in the second quarter, the company suspended further consideration to the present, many .holding the current market, industry experts scattered part of the reason attributed to "the size of non-" lifting of the ban, we are again in the second quarter has lifted shares in circulation excluding 336 companies, the remainder of the 1094 statistics on listed companies classified, and this year .compared to the first quarter, the company's shareholders are still 680 more households, accounting for 62.16% and comparable companies. .1094 in a comparable company, the shareholders of the end of the second quarter a total of 50,531,500, the first quarter increased 8,808,700, an increase of 26.27%, also hit a new high over the past year. .</ P> <P> a large number of new investors rushed into the market </ P> <P> a large number of new investors rushed into the market, according to Wind Statistics show that from mid-2006, the two cities have comparable 1367 listed companies (excluding .After the mid-2006 shares listed), to the end of 2006, the company concentrated shareholding Number has been increased, the total number of all shareholders of listed companies has been decreasing. .But in the first quarter of this year, although still holding a majority of companies focus on, but began to increase in the total number of shareholders, to the second quarter, all of the total number of shareholders of listed companies is showing a trend of accelerated expansion. .</ P> <P> 2006 in the second quarter of the original, the Shanghai index is still close to 1300 points, but only more than a year, the index even cross 2,000 points, 3,000 points, 4,000 points mark, and now it is station .stability in the 5000 points. .Effect of the bull market to make money to attract a large number of small investors into the stock market fought so constantly refreshed daily accounts, the historical record. .</ P> <P> statistics show that in March 12, A shares account number at 10 million mark for the first time; April 11, A shares the number of days over the 20 million mark opening; April 24, .at over 30 million accounts, in one fell swoop, in the first half, A shares account number reached 18,803,800, equivalent to 3,083,500 last year, the number of accounts about 6.1 times the competing small retail investors to a share of sub-markets, not only to listed companies .The surge in the number of shareholders, but also reduce the concentration of market shares. .</ P> <P> institutional ownership increasingly concentrated </ P> <P> since the mid-2006, according to data by 8 Wind statistics show that large institutions (Note: The eight institutions are for the Fund, QFI Juan I, social security, .insurance, brokerage, trust, financial companies and annuities), 5 body positions reporting period market value over the same period the proportion of the total market value in circulation between the two cities showed the increase, decrease continuously rotation situation. .But the most important cities of the proportion of body position --- Fund, in addition to third quarter of 2006 slightly to lighten up, but after the situation has been presented Masukura, the current ratio of 24.39% of the positions is higher than the 26.37% growth in first quarter .. .With QFII, brokers and other institutions, mid-year, major organizations Awkwardness total of 27.46% between the two cities account for the flow of chips, compared with the first quarter also increased by 21.02%. .</ P> <P> increasing proportion of institutional ownership, market concentration but tend to be scattered holdings, the statistical data showing the market seemingly contradictory state, in out and about "the reporter observed," There will be explained. .</ P> <P> higher concentration of the three industry shares </ P> <P> Daily News statistics, the current holding company focused on the enhanced growth performance of the state also were tested, and the number of companies to achieve their main .growth. .</ P> <P> ownership concentration in the medium term 414 listed companies, there are 308 companies to achieve the main up, net profit increased by 300, and focus on faster chips Most of the firms is relatively stable earnings growth .by institutional Shigekura. .</ P> <P> industries, second quarter, a higher concentration of shareholding companies are mostly machinery and equipment, energy and real estate. .Statistics show that current scientific machinery and equipment industry, land e, S Fiyta A, Little Swan A, Hongdu aviation, real estate Shenzhen Ye A, Golden Group, Shenzhen Tianjian, Lujiazui, investment real estate and energy industry, Western Hills .coal, Luan ring can, Hengyuan Coal, Guoyang New Energy and other companies, shareholders reduce the rate of households in excess of 40%. .The overall price trend, not only in the second quarter relative to outperform, in the past two months, the trend is relatively strong. .</ P> <P> more concentrated stock ownership more up </ P> <P> shareholders of listed companies to reduce number of households, generally means that the market is more optimistic about their future. .Current ownership concentration continue to enhance the 414 companies in the second quarter the average price rose 32.89%, compared to 20% over the same period the Shanghai Composite Index rose, clearly reflect the chips stable company more vulnerable to market acceptance of this feature. .</ P> <P> in 414 companies, 316 companies achieved the second quarter, rising stock prices, accounting for 76.33%. .Where, ST Juli, Shimao shares, and the S Blue Guangji Pharmaceutical Company Sinopec 4 in the second quarter rose more than 200%, respectively, 280%, 255.01%, 254.37% and 205.63%. .However, such reporting period, the company stock price soaring, are inseparable from the market keen on the subject shares, such as ST and S blue giant Sinopec gained benefit from the reorganization of the company's assets; Shimao shares is derived from the company intends to .placement 700 million new shares, more than 70 billion injection of quality assets; Guangji Pharmaceutical-than-expected interim results due to growth in the second quarter, the market has also been enthusiastically pursued. .In addition, there are 26 companies in the second quarter rose more than 100%, 114 more than 50%. .</ P> <P> statistics also showed that the current decentralized holding company 680, the second quarter, the average price rose just 19.57%, did not outperform the broader market over the same period. .However, some high rise during the reporting period, are also subject shares from the star effect. .Such as the current holding company gains distributed Network Po industry topped the list, June 12 published the first to open the Group into the assets of the overall market after the news, the company will open daily limit to close at 8 days straight, the share price rose sharply in the second quarter .224.74%. .</ P> <P> average household ownership rate decreased </ P> <P> compared with the total number of shareholders, listed companies, the number of outstanding shares held per household can be more objectively reflect the company's shareholders concentration .changes. .Back in history can be found, since the beginning of 2005 to quarter units, 10 per household reporting period the number of shares outstanding shares held was 3842 shares, 4105 shares, 4194 shares, 4522 shares, 4710 shares, 5219 shares, 5857 .shares, 6498 shares, 6364 shares and 6233 shares. .</ P> <P> statistics, the average number of shares as before the first quarter of 2007, has been in a gradually increasing, while the average household ownership of a quarter reduction in volume for the first time, in the second quarter continued to decline trend showing .. .</ P> <P> current Hengrui Medicine, Shanghai Pudong Development Bank, Anhui Conch shares in circulation held up per household. .Stake from each household observed in the second quarter Guomai technology Clou Electronics, Ningbo, the highest rate of bank ownership per household. .</ P> <P> is worth noting that the second quarter, the highest proportion of ownership per household in the top 10 companies, 7 companies are small and medium enterprise board. .While the current small board company is also able to escape dispersed ownership concentration tends to trend, but statistics showed that relative to the Main Board companies, small plates are still higher than the average household stake motherboard companies, Nanling civil explosive, Netsun ., Clou Electronics, Hidenobu shares, purple Xin Pharmaceutical, Guomai ranks among the top technology companies..