Tuesday, December 14, 2010

Included in the index today, 4.8 billion oil fund Kuangzhui.

<P>: Http:// News, A shares of the biggest heavyweight PetroChina (601857.SH) will be included in the Shanghai index today. .According to previous arrangement, in addition to included in the Shanghai Composite Index, China and the oil will enter the Shanghai and Shenzhen 300 Index in the card series. .</ P> <P> A shares of the new benchmark </ P> <P> close on Friday, according to the data, the total market value of PetroChina Shanghai market capitalization ratio was 23.8%. .The Shanghai index closed Friday above at 5316.27 points projections, Change 1% per unit, will lead to fluctuations in the Shanghai index down 12.65 points. .Above Friday's closing price 38.82 yuan Chinese oil projections, and its ups and downs of 1 cent on the Shanghai index is roughly equivalent to fluctuate around 0.325. .</ P> <P> in China before the oil included in the index, ICBC is the largest A-share market a heavyweight. .But compared to China National Petroleum, Industrial and Commercial Bank's influence played a lot of fight discount. .According to last Friday's closing price 38.82 yuan Chinese oil terms, China's A shares of the total market value of oil reached 6.28581 trillion yuan, is the second of three times the total market value of ICBC. .November 16 Shanghai's total market capitalization 26.42277 trillion yuan, the total market value of PetroChina's total market capitalization of Shanghai Stock Exchange 23.73%. .China Petroleum and included in the benchmark Shanghai Composite Index, the benchmark Shanghai Composite Index will make the energy sector accounted for the weight of more than 35%. .</ P> <P> points based on Friday closing stock index calculated, China ups and downs of oil every stop, the impact on the stock index to reach 126 points. .</ P> <P> previously listed as China's oil, A-share market sector financial stocks, "a board dominance" situation has been significantly improved. .The two categories of financial assets and energy sector's share market will account for Liu Cheng weight around. .</ P> <P> data show that in China today before the oil included in the index of financial stocks in the weights of the market index in 39% of induced, as included in China's oil index of financial stocks will drop the weight plates 10 percentage points .to around 29.8%. .The energy sector to join in the China National Petroleum, the share of the market weight of up to 30%, slightly ahead of the financial sector groups. .</ P> <P> In fact, most institutional investors today is not only concerned about the Shanghai stock index on the enormous influence. .For those in the constituent stocks of asset allocation as the main direction of the group raised funds, it will face the problem of how to configure the assets. .Especially for the current group of passive funds, active funds, the China Petroleum and every move will affect more the proportion of its asset allocation. .</ P> <P> relatively speaking,: http:// News, China Petroleum in Shanghai and Shenzhen 300 Index in the weaker position, which is based on the actual stocks ranked by market capitalization. .Data show that China in the Shanghai and Shenzhen 300 index of oil rights in the major cause in about 2%, came in well before the stock 6 stocks, sorted by weight, followed by CITIC Securities (600030.SH), Sinopec (600028. .SH), Minsheng Bank (600016.SH), China Merchants Bank (600036.SH), China Vanke A (000002.SZ) and Shanghai Pudong Development Bank (600000.SH). .</ P> <P> positioning for the Chinese oil market outlook, the current institutions are mainly two judgments. .First, the final positioning of PetroChina stock depends on the fundamentals. .Second, because of the weight class of asset allocation funds and the needs of the future introduction of stock index futures, index, after taking into account China's oil may be agencies "buy." .</ P> <P> person in charge of a large organization, under normal circumstances, the super large cap index after taking into account, the allocation of assets between agencies, the price of these species may be a certain "premium." .In fact, last week, China Petroleum and disk performance situation, the stock Xiaban Zhou K line at the "two folders of a yin yang," the trend, it seems that some institutions have begun showing signs of the operation. .</ P> <P> Southwest Securities analyst Zhang Gang said chief strategist, last week, largely in China's oil price-earnings ratio of 45 times, the price is more moderate, the stock below 40 yuan may have some support force. .China A-share market of oil before landing, most agencies also report the valuation given in the vicinity of roughly 35 yuan..

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