一周股市

Week stock market

　　上一周的五个交易日，A股市场每日早盘均呈现小幅低开，沪指从周二后于2200点下方震荡。上周五，由于国家统计局发布2012年第二季度宏观经济数据，市场一度观望气氛浓厚。截至收盘，上证指数报2185.90点，上涨0.02%；深证成指报9792.49点，下跌0.4%。随着2012年中报进入披露期，“高送转行情”也将随之开启。

A week five trading day，A share market earlier in the day are significantly lower slightly open，HuZhi below 2200 points from Tuesday after a concussion。Last Friday，The national bureau of statistics released the second quarter of 2012 macro economic data，Market once looking atmosphere。By the closing，The Shanghai index for 2185.90，Up 0.02%；ShenZheng ChengZhi quote 9792.49 points，Fall 0.4%。Along with 2012 NianZhongBao into disclosure period，“High prices to turn”Also will then open。

　　“高送转”效应显现 “High send turn”Effects appear

　　7月13日，两市又有最新一份“高送转”公告发布：中海科技(002401,股吧)拟向全体股东每10股派1元人民币现金（含税）；同时，以资本公积金向全体股东每10股转增9股。

July 13,，Two city and a new one“High send turn”announcement：China science and technology(002401,Shares it)To plan the all the shareholders of every 10 send 1 yuan in cash（tax）；At the same time，Capital accumulation fund to all shareholders in every 10 shares turn add 9 shares。

　　“高送转”指大比例送红股或以资本公积金转增股本。一方面表明公司对业绩充满信心，一方面也可增强股票流动性。于是，A股市场便出现显著的“高送转”效应，即在上市公司发布“高送转”预告前后，股票常常会有超额收益。

“High send turn”"The large proportion with capital accumulation fund to bonus or turn add equity。On the one hand to show the company performance with confidence，On the one hand can be enhanced liquidity stock。so，The A share market was significant“High send turn”effect，That is released in the listed company“High send turn”Forecast before and after，Stock often have excess profits。

　　7月4日，创业板公司远方光电(300306,股吧)率先披露中报“10转10派3元”的分配预案，成为两市中报“高送转第一股”，当日开盘公司股票一字涨停。次日再度遭到游资爆炒，大涨8.06%。其后，沪市中报首个高送转由ST合臣开启，拟每10股转增15股。

On July 4,，Gem companies photoelectric far away(300306,Shares it)Takes the lead in disclosure center daily news“10 turn 10 sent three yuan”Distribution plan，Become two city center daily news“High send turn first shares”，On the day of the opening of the company stock is a word harden。The next day was again for a hot money，Rose 8.06%。after，Shanghai center daily news first high send by ST $I turn open，Every 10 to 15 shares of distribution。

　　建议7月中旬介入 Suggestions in mid-july

　　海通证券(600837,股吧)分析认为，绝大多数“高送转”股票都具有股本小、股价高、成长性高、业绩增速快等特点。因此每股收益、每股净资产、每股资本公积金、股价等因素均值得重点关注。

Haitong securities(600837,Shares it)Analyzed that，most“High send turn”The stock has equity small、High share prices、High growth、Faster performance characteristics。So earnings per share、Net assets per share、Share capital reserve fund、Factors such as share prices are worth focus on。

　　报告数据显示，近年来，高成长性的中小盘股逐渐成为“高送转”队伍的主力军。在2006年以来高送转股票中，中小板和创业板股票占比越来越高，每年都能有10%以上的稳定增加。此外，“高送转”股票成长性普遍较好，2010年，“高送转”股票“扣非”后净利润平均增速为146%。

The report data shows，In recent years，The high growth of the small dish stock gradually become“High send turn”Team the main force of。In the 2006 years since high send turn in stock，Small and medium plate and gem stocks accounted for more and more than high，Every year a steady increase more than 10%。In addition，“High send turn”General growth stock is good，2010 years，“High send turn”stock“Buckle the”Net profit growth of 146% on average after。

　　由于按要求2012年中报在8月30日之前均要发布，中报分红送转预案将集中在7月底至8月，海通证券建议投资者在2012年7月中旬时可介入参与。

According to the requirements in 2012 because NianZhongBao on August 30, are to be published before，Turn plan to share out bonus center daily news will focus on the end of July to August，Haitong securities suggest investors in July 2012 when in the middle can participate。

　　新京报记者 刘夏

The Beijing news reporter LiuXia