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Broker warning steel industry overall fundamentals remain weak
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| Baosteel's announcement said it would spend RMB 5 billion on the secondary market to buy back shares after the cancellation, shares rose yesterday, and drive the whole steel plate. Brokers, analysts said baosteel as an industry leading, flush with cash and shares has room to rally but the steel industry overall fundamentals have been weak, shoulds not be too much. Baosteel rose sharply yesterday, soon will harden, the session is open for many times, but have been days, seal the gap amount to pay. Baoshan iron & steel plate end closing to harden and closed at 4.48 yuan. At the same time, in baoshan iron & steel, steel plate were stronger yesterday. "Wan Gangtie industry index closed up 2.90%, ranking among the top in the industry. Except baosteel LuYin investment, led by former anyang iron and steel, valin iron and steel, etc. It is worth noting that from the Shanghai stock exchange trading, according to public information released yesterday there were two institutions sold off sharply, baosteel, total sold 146 million yuan, accounting for 21% of the clinch a deal amount on the day. Seats have an institution at the same time buy, buy amount is 16.92 million yuan, accounting for 2.4% of total clinch a deal the day |