Stock index futures and promote polarization is misleading

-Action: a beautiful 15 today Aspect

1 As expected Friday, the stimulation of multiple good news, today's A shares Tiaokonggaokai, a strong upside heavy volume stock index closed at 3123.80 points, rose 2.09%. Hang Seng Index Hong Kong stocks up 0.88% day, significantly behind the A shares. It appears that long-awaited A-share market finally independent grand start.

Today, beautiful 15 (reduced version) 3 up 1 down a suspension. South building rise about 2.31%, horse racing industry a little rest, or 0.73%. To close in the third period pretty average cumulative increase of 15 from yesterday 1.78% to 2.78%, a beautiful 15 cumulative increase of 53.93 percent from yesterday rose to 55.44 percent.

A stock index futures, said a major positive is not an exaggeration. Rather, not only short-term positive, but also long-term good. The so-called short-term positive, because of the international experience shows that the initial listing of stock index futures for the stock market out of the wave is normally rally. The so-called long-term good, it is focused on the basic functions of stock index futures. This feature is regarded as price discovery, price discovery and is a two-way, you can find opportunities for price increases, also found that the risk of price declines.

However, the current interpretation of the stock index futures market is not very professional, the focus is the misunderstanding that will promote market polarization index futures: constituent stocks in the good underlying index, while other stocks bearish trend.

Discussed above, the basic functions of stock index futures, stock index means that the subject is not influenced by movements in stock index futures, but the impact of the underlying stock index futures.

The factors affecting stock index futures, of course, with the contract period equivalent to the multiple forward-looking factors, such as macroeconomic trends, the international financial market trends, a variety of trading tools to Price relations, industry events and so on.

Thus, an attractive stock must not be the Friends of the professional interpretation of the extremely misleading. Experience tells us that any large market, we need heavyweight blue chip, or an early rise, but with the market developing in depth, broader market is up blue chips will not be higher than the small-cap blue-chip growth stocks. Past, the future remains the same.

The third phase of "beautiful 15" (reduced version) Briefing

Code
Referred to as 3 04 months
March 29
cumulative gains
Dynamic price-earnings ratio
09 per share

Close (yuan) close (dollars)
(%)
(Times)
Income (yuan)

000528
Liugong 21.57 22 .12 2.55 16.6
1.33

000589
Qian Luntai 18.40
17.60 -4.35
12.4
1.42

600449
Racing Industry 35.23
39.65 12.55 16.7
2.38

000961
South Building 19.35 19.95 3.10 9.2
2.18 (10 expected)

600742 FAW-rich dimension
26.92 26.93
0.04 16.0
1.68

The third phase of "beautiful 15" average
2.78
14.2

"Beautiful 15" 51.24 55.44

Beautiful 15 leading index 304.74 %
238.05% (3.3805-fold)

The Shanghai Composite Index 3123.80 16.40

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