2008年7月24日星期四

Shares of the impact of several macroeconomic factors

The main factors affecting stock prices, including listed companies fundamentals, the state's macroeconomic policies, market demand and supply of shares and technology indicators.

  

   Listed companies fundamentals include the company competitive position, company profitability, dividend policy and corporate management capacity. The company made profits of investors is the basic guarantee of income, but also affect the stock price as a key factor. However, corporate profits only provide the basis for the distribution of dividends, investors need to get the real return on investment, it is also necessary listed companies with the dividend policy.

  

   National macroeconomic policies on the impact of stock-market funds mainly through the generous extent, the listed companies borrowing costs and tax expenditures, and other areas to have an effect.

  

   Market demand and supply reflect the impact on the stock market in the securities market and stock funds in the number of species comparison. If the stock market to provide a higher return on investment, and high enough to compensate for the risk of the securities market, there will be a lot outside the capital injection, stock prices and the stock index will rise. Instead, stock prices and the stock index will decline.

  

   Technical indicators of price movement has been able, because the technology is widely used indicator of the vast number of investors easy access to the same or greater level of recognition and trust. The psychological impact of convergence, when a technical indicators have reached a certain location, the same investors will adopt the same investment strategy. This shows that the technical indicators investors often use the psychological factors have an impact on stock prices, and macro-economic status or condition of listed companies is a direct impact on stock prices.

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