博众研究 作者：吕思莹

Bo the study authors:LvSiYing

　　9月11日盘后收评：

September 11, the evaluation of the counter:

　　周二沪深两市低开后震荡回落。板块方面，船舶制造领涨；纺织机械、传媒娱乐、飞机制造、纺织等涨幅居前；而水泥、石油领跌。截止收盘，上证指数报2120.55点，跌0.67%，成交657.6亿；深证成指报8739.47点，跌0.34%，成交768.1亿。

Shenzhen city on Tuesday the two low after the fall concussion.Plate aspect,Ship manufacturing brought up;Textile machinery/Media entertainment/aircraft/Textile and the increase in front;And the cement/Oil brought down.By closing,The Shanghai index to 2120.55 points,Fell 0.67%,65.76 billion to clinch a deal;Shenzhen stock exchange ChengZhi to 8739.47 points,Fell 0.34%,76.81 billion to clinch a deal.

　　一、 宏观面 a/ Macroscopic level of

　　国务院办公厅印发《国内贸易发展“十二五”规划》，批发零售住宿餐饮业增加值超过7万亿元，年均实际增长11%左右。这意味着，更多的零售、住宿、餐饮等连锁企业在迎来产业发展机会的同时，更将获得诸如发行企业债券、上市融资的绝佳机遇。

Issued by the general office of the state council[Domestic trade development"1025"planning],Wholesale and retail accommodation catering industry added value more than 7 trillion yuan,Annual average a real increase of about 11%.This means that,More retail/accommodation/Catering chain enterprises in the industrial development opportunities in at the same time,More will receive such as the issuance of enterprise bonds/The perfect opportunity listed financing.

　　【点评】在外贸不景气、基建类投资对经济的拉动作用在短期内难见效的情况下，管理层出台内贸“十二五”规划来促进消费，进而增强经济内生增长的动力。

[Comment on]In foreign trade recession/Infrastructure investments on the economy in the short term the pulling function NaNan effective of the cases,The management on domestic trade"1025"Planning to promote consumption,Further strengthen economic endogenous growth.

　　二、 后市展望 two/ Market outlook outlook

　　周二沪深两市低开后震荡回落，尾盘小幅反弹。成交量较前两个交易日明显萎缩。行业及个股又呈现普跌局面。周二大盘出现调整主要来自于三方面的原因，第一、陆续出台的宏观经济数据不理想。CPI反弹，PPI持续下滑；同时昨日公布的进出口数据也毫无亮点。第二、我国将引导符合条件外企境内上市。继新三板之后，国际板传言又起，市场资金面压力较大。第三、上周五的巨量上涨，在一定程度上透支了主力的做多能量，市场需要震荡整固来消化获利盘。

Shenzhen city on Tuesday the two low after the fall concussion,End dish small rebound.Volume is the first two trading day obvious atrophy.Industry and stocks and present tome fell situation.On Tuesday in the market adjustment mainly comes from the three reasons,The first/Comes on stage in succession macroeconomic data is not ideal.CPI rebound,PPI continued to slide;At the same time the import and export data released yesterday is no window.The second/China will lead to meet the conditions of the domestic listed foreign company.After the new SanBan,International board rumors and up,Market financing area larger pressure.The third/Friday's huge amount rise,To a certain extent overdrawn main do much energy,The needs of the market shock the whole solid to digest profit plate.

　　从盘面来看，受益于钓鱼岛事件，船舶制造、飞机制造、军工航天领涨；受海南国际旅游岛建设全面铺开的消息提振，三沙概念股处于涨幅前列；而近两个交易日受基建项目获批而走强的水泥、水利建设、环保出现调整，领头羊品种的回调对市场人气打击较大。此外，电子支付、纺织机械、传媒娱乐强势；石油、页岩气、煤炭、有色调整。

From the disk to see,Benefit from the diaoyu islands event,Ship manufacturing/aircraft/Military space brought up;International tourism in hainan island by the building of an overall spread news boost,Three sand concept stock in the forefront of the increase;And nearly two trading day by construction projects approved and stronger cement/Water conservancy construction/Environmental protection appear adjustment,Leaders varieties of callback popularity on the market larger blow.In addition,Electronic payment/Textile machinery/Media entertainment strong;oil/Shale gas/coal/Non-ferrous adjustment.

　　综合来看，大盘处于反弹行情的初期，市场人气仍不稳。预计短期内走势仍有反复，但反弹行情尚未完结，建议投资者逢低关注金融IC卡概念。

Comprehensive to see,The market rebound in the early stages of the market,Market popularity is still unstable.The short term trend is expected to still have repeatedly,But has not yet been rallies end,Suggest investors bargain concern financial IC card concept.