listed rival network published articles Source: Economic Information Dail

23, Dikaidizou Shanghai and Shenzhen stock markets, real estate stocks in the afternoon strong shocks, the market pick up, volume is still at a low ebb. Analysts pointed out that although the policy this week, good on the surface frequently, but more worried about the market's performance in the third quarter decline, A-share market after Monday's strong again after the weak, vulnerable in the short term impact of the pattern is difficult to run an effective change .

The past two days, the Shanghai Automotive, high-speed Hainan, such as Huadian Energy began to take part in breaking the ranks of net stock, stock prices below the net assets of up to 111 units, nearly 30 more units of its net assets at a discount of 20%. Among them, the technology of tomorrow (600,091) than the net assets at a discount of 49%, Zhangchunjingkai (600,215), Jingwei Textile Machinery (000,666), Shenma Industry (600,810) shares of net assets have more than 40% discount.

From the industry perspective, real estate, iron and steel, power, manufacturing have also experienced a net break the company, there's a net-breaking industry more than 10.

Earnings ratio below 10 times the company's stock over the net for breaking more common. Up to 23, earnings fell below the 10 times the company has reached 204, of the total A share of the total number of over 10%. COSCO Shipping, Baoshan Iron & Steel, Industrial Bank, Yanzhou Coal Mining Company, Shanghai Pudong Development Bank, China Shipping, China's heavy truck, such as China Pacific Insurance has become less than 10 times earnings ratio of a.

Third quarter results fell significantl

" Although the A-share market policies face off heaters, but the listed companies in the third quarter results do not meet. Third-quarter results of listed companies fell significantly, which is worried about where the market directly. "China Securities Depository and Clearing Corporation Information Center High-hong Yu said.

According to related statistics, as of October 20, the two cities a total of 753 listed companies in 2008 issued a notice to the performance of three of its Quarterly Bulletin. Among them, is expected to improve performance (by pre-and Yu Ying), the company released results account for the company notice of the total number of 52.59 percent. At the same time, the data show that 753 companies in the comparable total of 699 companies, 699 companies are expected this year in the third quarter net profit of about 39,236,000,000 yuan higher than the same period last year, a decline of about 17.97 percent. In addition, the statistics also showed that 699 companies are expected to achieve in the first three quarters of this year attributed to the owner of the parent company net profit of about 139,431,000,000 yuan, the same period last year actually fell about 3.42 percent.

Haitong Securities analyst Surin believes that the data so that investors worried about the prospects for the future, because according to our current macroeconomic situation, it is difficult to see where the turning point.

The decline in the performance of listed companies in the third quarter report and grim international economic situation, so that institutional investors feel the risk of a direct presence.

Days with statistical data shows that have been disclosed in the Quarterly Bulletin of the fund in the third quarter after another of its portfolio to make major adjustments to reduce their cycle stocks: The stock-type fund for extractive industries (coal mining stocks dominated the election), oil The chemical industry and agriculture, forestry, animal husbandry and fishery sectors to carry out a rapid reduction of stocks. Among them, the metal industry to reduce the proportion of non-metal reached 1.74 percentage points for the mining industry to reduce the ratio reached 1.43 percentage points for the petrochemical plastic to reduce the stock to reach 1.23 percent.

" The reason why fund managers to do so, and on the international market Recently high crude oil prices fall, industrial products futures prices have dropped for a certain relationship. "Liu Jun, a senior analyst with Galaxy Securities said.

Data show that domestic fund managers as a result of a significant reduction, so that as a result of high oil prices and coal shares were enthusiastically into the third quarter of the entire market, the largest decline in the group, one quarter of decline to reach a total of 38.28 percent.

The other day, according to statistics with the Fund in the third quarter, the holdings of key mechanical instrument, construction, finance and insurance, warehousing and transportation, food and beverage, and so on. Of these, mechanical instrumentation equipment industry holdings of the fund was 1.01 percentage points quarter when the 93 largest holdings of the fund industry. In addition, the construction fund holdings of 0.99 percentage points, finance and insurance fund holdings 0.85 percent. These varieties have a certain degree of anti-cycles, strong defensive characteristics, such as construction, machinery equipment, instruments of power equipment, vehicles, equipment manufacturers, it is clear that the country was to develop railway, rail transportation industry and large-scale grid construction incentives.