ABC resort to "trench warfare"

Yesterday, the ABC share price has been around the previous day's closing price of 2.69 yuan to fluctuate, and the fluctuation range of only between 2.70 to 2.68 yuan. Day trading volume 4,681,200 ABC hand, turnover was 1.259 billion yuan.

View from the disk, the Agricultural Bank in the accumulation of a large number of pay 2.6 yuan. Analysts said that with the broader market turmoil intensified, the Agricultural Bank of the selling pressure is also growing, but the selling pressure is relatively speaking, a strong "green shoe" under the protection of the Agricultural Bank of A share issue price below the short term may is small, range-bound around the issue price will increase. But from August 16 "Green Shoe" to protect the end, only 3 days, although the research on the trend of the second half of the banks are more optimistic, but in the "green shoe" invalid, the trend of the market very carefully ABC .

In fact, ABC's "trench warfare" has been going on for some time, on August 9, Agricultural Bank of China A share in the block trading platform, and the day's closing price of 2.69 yuan to the price of the 51.35 million shares traded. Exchange of information display, buy side is the North Third Ring Road, Beijing CITIC Securities sales department, selling side is the National League East before the securities business department of Wuxi. It is understood that the two sales department are more active in hot money seats.

Although the Agricultural Bank of China A share block trades appeared the first time, but H shares has suffered several strategic investors to sell. The information from the Hong Kong Stock Exchange, including the Agricultural Bank of underwriters, including Morgan Stanley and Goldman Sachs and other investment banks, one after another over the recent reduction of 3.4 Hong Kong dollars, but still maintain control of a large number of institutional investors chips situation. According to WIND IT show, as of August 10 to 5 trading days, the ABC flows Liang Jun was negative.

Zhu Yan, CITIC Securities Banking researcher believes that the banking sector pessimism has gradually eased, the central valuation is also expected to rise 20%. At the same time, the banking industry annual profits may rise 8% -15% of space is expected to usher in the banking sector rebounded from the valuation of the performance up to "double up" market.

Therefore, the focus of the 13 banks, mostly to overweight rating on CITIC Securities, a small part of the rating given to a buy, but in ABC's ratings bar, CITIC Securities is marked "no."