A share in the first quarter the number of new accounts plummeted since the record low of 07.

Continued downturn in the stock market early so greatly reduced investor confidence. .As of the first quarter of 2008, although the two cities account for up to 96,017,800 effective, but the number of accounts opened in the rapid decline in growth rate is a quarter the number of new accounts only 5.605 million, a record low since 2007. .<P> "Securities Times" reported that the board's latest statistics show that, as of March 28, Shanghai and Shenzhen account for a total of 113,354,700 A shares, B shares account for 2,371,700; valid account 96017800. .Statistics show that a quarter to open in Shanghai and Shenzhen stock account number 5605000, representing the fourth quarter of 2007, 12,303,000 of new accounts, a decrease of 6.698 million, a decrease of 54.44%. .The first quarter of 2007 compared to the first quarter of 2008 decreased 34.68% the number of new accounts. .</ P> <P> lows in the quarter while the number of new accounts, new accounts, also appears monthly in 2007 to a new low. .February 2008, the market amounted to 1.3092 million new accounts, slightly higher than the same period in 2007, reaching the lowest level in nearly a year. .In 2007, with the stock market continued to rise, the monthly number of new accounts too rapidly improved steadily, the number of accounts from February 2007 to 1,274,100 up to August 2007 of 8,924,200. .Since then, with the broader market continued to drift lower, the monthly number of new accounts have begun to gradually come down. .</ P>.

Listed company released the first batch of quarterly results for the market outlook will target hot spots.

Annual Reports reaching a peak in the first quarter results of listed companies are also getting the horizon, Rizhao Port and other three companies on April 8 in 2008 first reported a quarterly. .As of April 7, 108 notice of a quarter of the company, it has 91 pre-growth or earnings guidance, the good news become the absolute mainstream. .Market analysts believe that the increase from the current pre-view of a quarterly performance of listed companies do-than-expected growth, results of a quarterly disclosure will boost A shares continued to rebound. .<P> "Shanghai Securities News" reported that the curtain has not fallen annual disclosure, quarterly disclosure curtain has been opened. .Today, the Rizhao Port, Kim Yuk Wah Medical Group and the first 3 companies in 2008 a quarterly disclosure. .For investors, the first batch of quarterly reports of listed companies have released three Aspect concern. .</ P> <P> Aspect One: business growth geometry </ P> <P> listed companies are confident that regular reports published earlier, results are generally good. .The first three are published in quarterly net profit growth to achieve a different range, which Jinyu Group in the first quarter net profit rose as high as 165.46%, Rizhao Port and the fertile China medicine has reached a net profit increase of 46.90%, 37.16%. .</ P> <P> Jinyu Group today also launched a private placement plan, prepared to issue not more than 5000 million shares, raising the total amount not more than 520 million yuan, annual output of 1 billion investment in FMD vaccine ml suspension culture of 4 .projects. .</ P> <P> Rizhao Port in the first quarter operating income of 398,569,800 yuan, increased 42.16% over the same period, attributable to equity shareholders of the Company to achieve net profit of 57,160,500 yuan, up 46.90% over the same period. .The company on January 1 this year to adjust the main cargo port of the basic types of rates, average increase by about 10%, operating income and operating margin increased correspondingly. .</ P> <P> Aspect II: semi-annual report is expected by </ P> <P> next periodic report on the performance of the semi-annual report on how broadly the performance of listed companies are often in a quarterly can see a clue .come. .Because, according to the provisions, if the first half net profit is expected to substantially change will occur, a listed company must be in a quarterly in the notice. .</ P> <P> in the first 3 companies disclose quarterly, in addition to Kim were conducted outside the group results notice. .Wo Chinese medicine during the first half operating income and net profit is expected to continue to grow, in the first half net profit attributable to equity holders increased by 30-50%; Rizhao Port, said the adjustment as the major cargo types of port 2008 the basic fee .rate, cargo throughput increased and the implementation of enterprise income tax rate of 25%, first half net profit forecast significant changes will occur. .</ P> <P> Aspect three: body is into retreat </ P> <P> as disclosed in a quarterly in shares of tradable shareholders is as of March 31, that making the investment .institutions are the latest glimpse of developments. .</ P> <P> first disclosed in the quarterly three companies, Wal-Chinese medicine in the top 10 shareholders are not tradable sector of the figure, the Rizhao Port, and Kim to the shareholders of the Group worth a visit .the. .If the Rizhao Port, the total number of shareholders is 40,029, and annual disclosure is not very different. .Compared with the report, brokers, funds and other institutions into a QFII out. .Among them, the former ranked first in the unlimited Guotai Junan of shareholders holdings in the first quarter of 1071 shares, end of period 670 million shares; latest top-ranked brand moratorium preferred stock shareholders of Great Wall Securities Investment Fund holdings .1114 million for the New Shareholders; addition, the two QFII Martin Currie Investment, UBS is also a quarter of New shareholders. .</ P> <P> also learned this week as well, including China Petrochemical, China Coal Energy, including giants such as annual reports of listed companies released 136. .Among them, 65 companies had previously been issued notice by pre-52. .So this week will mark the annual and quarterly beautiful dance spectacular. .Analysis, the overall performance of the first quarter to the good, the market is expected to play down concerns about earnings outlook of listed companies; and with the valuation of A shares has become more rational, a new valuation system or will soon be established. .</ P> <P> from the market development, the rally could continue, depends on the hot spots from the broader blue-chip blue-chip to the second extension of the first quarter of forecasted earnings guidance is the second most blue chip companies. .Market analysts believe that prices in April will focus on the annual report in 2007, the right to Tianquan dividend and bonus shares grab the first quarter of 2008 increased earnings guidance of pre-performance opportunities, particularly oversold and some preliminary results of pre-victimizes the first quarter .second-line blue chips and the economy growing segments of the industry leader, can focus on. .</ P>.

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Cheng Siwei: Manniu pattern remains the same 30% of the investment value of stocks.

Cheng Siwei, former vice chairman of the Standing Committee of China on April 8 that China will continue the trend of the stock market Manniu before the Olympics may have a certain level of increase. .<P> He currently also insisted on the "Manniu" view of the problem to the National Research Council of the President of Taiwan, attended the speech said Cheng Siwei, the market continued to decline from more than 6100 points, has dropped to 3500 points .or so, but the bull market continues, the trend will continue Manniu, which can be analyzed from two points: </ P> <P> First, even if it is about 3500 points, but compared with the previous point, or rose 2245 .The. .He estimated that before the Olympics may have a certain level of increase. .</ P> <P> Second, he repeatedly said, do not put on the card index as a representative of the Chinese stock market. .Because the Shanghai index represents only 70% of China's listed companies, not representative of the Shenzhen listed companies; In addition, the Shanghai index is based on the total circulation to calculate the market value of the entire sample, there is a big deviation. .</ P> <P> the current market value of China's stock market is not equal to the total market capitalization. .The total market value in accordance with the result that the weight of a large blue chip account for particularly high. ."So can not just look at index, or to look at individual stocks." </ P> <P> Cheng believes that about 30% of the two cities still have investment value of stocks, these stocks after a sharp price adjustment, there is increased .opportunities. .</ P> <P> (http://) Cheng pointed out that the international bear market, some listed companies are often out of the market. .Bears turn in cattle, this part of the poor performance of the companies will not become black sheep. .But China's stock market bear market, is increasing the total number of listed companies, of which 30% of the top performance of the company, or about 400 companies have created almost all of the results, only a very small company behind the performance. .</ P> <P> "But in a bull market, their shares can also be speculation, causing the stock market all shares are high, so if there is risk, the underperformance stock investors must hold-up." He said. .</ P> <P> Cheng Siwei that probably go through three stages of this round of the bull market, which from December 2006 to last November, this stage of growth is extraordinary, even say irrational. .</ P> <P> Cheng said, "If you're cool think about it, is actually very simple, the stock market's fundamentals are the country's economic situation and the quality of listed companies, the country's economic situation and the quality of listed companies may not .Fan turned 3 in a year, so this price surge, it is certainly not sustainable. "This caused the depth adjustment. .</ P> <P> Cheng believes that public opinion on the issue raised most frequently stamp duty, stamp duty or income reduction can play a certain effect, but the effect is not too large, only short-term effects, the most important is to strengthen the underlying stock market .the system and improve quality of listed companies must be strictly investigated and dealt with inside information, fraudulent information, and malicious manipulation of stock prices to investors and create a just, open and fair environment, restore investor confidence. .</ P>.

Mainland stock market value of low-lying land to attract 377 million a week.

<P> U.S. portfolio in emerging markets research firm (EPFR) data show that the recent global money market funds suffered the most severe since the last wave of net redemptions, investors as of April 2 in the first week of the withdrawal of $ 13,150,000,000; .At the same time, the Chinese mainland market has become "the value of depression", attracted 377 million of capital. .</ P> <P> Equity Fund Group, most of this week, the rate of return of more than 2%, the United States, Europe, the global and Asia (excluding Japan) equity funds received strong inflows. .9 major sector funds in the sector has acquired Jing Shengou 6, in which the energy sector absorbed 1.53 billion fund new capital. .However, Japan and the Pacific Equity Fund is still difficult to get rid of the downturn, the financial sector funds have also suffered large net redemptions. .</ P> <P> emerging markets </ P> <P> Asia (excluding Japan) equity funds this year ushered in the largest single week Jing Shengou absorb 5.99 billion. .Mainland China stock market investors find investment opportunities, access to 377 million related to fund new capital; Singapore Equity Fund also received $ 110,000,000 Jing Shengou. .</ P> <P> felt last week, money is not the only Asian market to pick up, Latin America, EMEA (including Europe, Middle East and Africa) Fund also received Jing Shengou. .Jing Shengou Latin America benefited from iSharesMSCI Mexico Index Fund; and EMEA Fund is the main virtue of the resource-rich Russian commodities market to attract funds, followed by the power source is the Middle East. .But the diversified global emerging market equities have suffered a net redemption of $ 198,000,000. .</ P> <P> investment "BRIC" funds have access to new capital inflows. .</ P> <P> developed market </ P> <P> U.S. Equity Fund over the past 4 weeks Jing Shengou third time. .Large cap Value Fund is to attract new capital "main force", the market digested the strict supervision of the proposed U.S. financial system, and Fed Chairman Ben Bernanke for the first half of the weak economic outlook comments. .Overall, value-based management of the fund's market performance once again exceeded growth fund. .</ P> <P> Jing Shengou European Equity Fund also received, but only the second time this year. .A lot of money are directed at the Credit Suisse Group managed funds away. .</ P> <P> "Recent data show euro zone inflation, low interest rates still have to wait for several months. From Switzerland and Deutsche Bank's profit warning strengthened the euro area in the sub-prime crisis exposure .concerns, the European investors are still not being loved. "EPFR CameronBrandt, senior analyst, said. .</ P> <P>.

Once smooth three-day rally.