3月A股总市值蒸发近20% 平均市盈率仍高达31.7倍

●沪深市场运行概况
<P>
<TABLE width="90%" align=center border=1>
<TBODY>
<TR>
<TD>项目</TD>
<TD>2008年3月31日</TD>
<TD>与2008年2月29日相比</TD></TR>
<P></P>
<P></P></TBODY></TABLE>
<TABLE width="90%" align=center border=1>
<TBODY>
<TR>
<TD>上海</TD>
<TD>深圳</TD>
<TD>两市</TD>
<TD>上海</TD>
<TD>深圳</TD>
<TD>两市</TD></TR>
<P></P>
<P></P></TBODY></TABLE>
<TABLE width="90%" align=center border=1>
<TBODY>
<TR>
<TD><CLK>上证<NOBR oncontextmenu="return false;" onmousemove=kwM(1); id=clickeyekey1 onmouseover="kwE(event,1, this);" style="COLOR: #6600ff; BORDER-BOTTOM: #6600ff 1px dotted; BACKGROUND-COLOR: transparent; TEXT-DECORATION: underline" onclick="return kwC(event,1)" onmouseout="kwL(event, this);" target="_1">指数</NOBR>/深证综指/申万A指</CLK></TD>
<TD>3472.71</TD>
<TD>1098.49</TD>
<TD>2798.55</TD>
<TD>-20.14</TD>
<TD>-20.05</TD>
<TD>-19.16</TD></TR>
<P></P>
<P>
<TR>
<TD>上证180/深证100/申万300</TD>
<TD>8343.02</TD>
<TD>4531.25</TD>
<TD>2869.17</TD>
<TD>-18.92</TD>
<TD>-17.34</TD>
<TD>-18.95</TD></TR></P>
<P>
<TR>
<TD>上证50/深成指/申万50</TD>
<TD>2823.98</TD>
<TD>13302.14</TD>
<TD>2670.25</TD>
<TD>-18.63</TD>
<TD>-15.94</TD>
<TD>-18.29</TD></TR></P>
<P>
<TR>
<TD>新综指/中小板指/沪深300</TD>
<TD>2948.63</TD>
<TD>4680.23</TD>
<TD>3790.53</TD>
<TD>-20.14</TD>
<TD>-19.12</TD>
<TD>-18.91</TD></TR></P>
<P>
<TR>
<TD>市价总值（亿元）</TD>
<TD>180455.4</TD>
<TD>44525.5</TD>
<TD>224980.9</TD>
<TD>-19.70</TD>
<TD>-18.65</TD>
<TD>-19.50</TD></TR></P>
<P>
<TR>
<TD><CLK>流通<NOBR oncontextmenu="return false;" onmousemove=kwM(20); id=clickeyekey20 onmouseover="kwE(event,20, this);" style="COLOR: #6600ff; BORDER-BOTTOM: #6600ff 1px dotted; BACKGROUND-COLOR: transparent; TEXT-DECORATION: underline" onclick="return kwC(event,20)" onmouseout="kwL(event, this);" target="_1">市值</NOBR>（亿元）</CLK></TD>
<TD>51464.4</TD>
<TD>22435.1</TD>
<TD>73899.5</TD>
<TD>-18.91</TD>
<TD>-16.76</TD>
<TD>-18.27</TD></TR></P>
<P>
<TR>
<TD>日均成交额（亿元）</TD>
<TD>921.2 </TD>
<TD>431.2 </TD>
<TD>1352.4 </TD>
<TD>-21.85</TD>
<TD>-27.14</TD>
<TD>-23.62</TD></TR></P>
<P>
<TR>
<TD>A股总股本加权平均价格（元）</TD>
<TD>12.53 </TD>
<TD>16.11 </TD>
<TD><FONT color=#ff0000><STRONG>13.10</STRONG></FONT> </TD>
<TD>-21.09</TD>
<TD>-20.09</TD>
<TD>-20.93</TD></TR></P>
<P>
<TR>
<TD>A股算术平均价格（元）</TD>
<TD>15.53 </TD>
<TD>16.84 </TD>
<TD><FONT color=#ff0000><STRONG>16.11</STRONG></FONT> </TD>
<TD>-20.83</TD>
<TD>-20.24</TD>
<TD>-20.55</TD></TR></P>
<P>
<TR>
<TD><FONT color=#000000>A股总股本加权平均市盈率(扣除亏损股)</FONT></TD>
<TD><FONT color=#000000>30.3</FONT></TD>
<TD><FONT color=#000000>38.1</FONT></TD>
<TD><FONT color=#ff0000><STRONG>31.7</STRONG></FONT></TD>
<TD>-19.17</TD>
<TD>-20.03</TD>
<TD>-19.40</TD></TR></P>
<P>
<TR>
<TD>A股总股本加权平均市净率(扣除负资产股)</TD>
<TD>4.20</TD>
<TD>4.84 </TD>
<TD>4.31 </TD>
<TD>-22.09</TD>
<TD>-21.49</TD>
<TD>-21.99</TD></TR></P>
<P></P></TBODY></TABLE></P>
<P>　　2008年3月，两市主要指数均告下跌，且跌幅较今年前两个月明显放大，除深成指相对略为抗跌外，其他各主要指数3月份累计下跌幅度均接近20%。今年前两个月最为抗跌的中小板指，在3月份也未能幸免，下跌了19.12%。无论是沪市还是深市，大盘股或小盘股，在3月均呈现深幅回调，市场空头气氛浓厚。</P>
<P>　　3月末，两市总市值和流通市值分别为22.50万亿元和7.39万亿元，较2月末分别下跌19.50%和18.27%。总市值和流通市值加速缩水明显。而两市加权平均股价和算术平均股价分别为13.10元和16.11元，较2月末又有明显降低。快速单边下跌之下，投资者参与热情明显降低，3月份两市日均成交1352.4亿元，比2月份下降23.62%。</P>
<P></P>
<P>　　●权重股表现</P>
<P>
<TABLE width="90%" align=center border=1>
<TBODY>
<TR>
<TD>股票代码</TD>
<TD>股票简称</TD>
<TD>权重(%)</TD>
<TD>涨跌幅(%)</TD></TR>
<P></P>
<P>
<TR>
<TD>601857</TD>
<TD>中国石油</TD>
<TD>15.27</TD>
<TD>-23.70</TD></TR></P>
<P>
<TR>
<TD>601398</TD>
<TD><CLK><NOBR oncontextmenu="return false;" onmousemove=kwM(7); id=clickeyekey7 onmouseover="kwE(event,7, this);" style="COLOR: #6600ff; BORDER-BOTTOM: #6600ff 1px dotted; BACKGROUND-COLOR: transparent; TEXT-DECORATION: underline" onclick="return kwC(event,7)" onmouseout="kwL(event, this);" target="_1">工商</NOBR>银行</CLK></TD>
<TD>8.90</TD>
<TD>-6.13</TD></TR></P>
<P>
<TR>
<TD>601988</TD>
<TD>中国银行</TD>
<TD>4.88</TD>
<TD>-9.73</TD></TR></P>
<P>
<TR>
<TD>600028</TD>
<TD>中国石化</TD>
<TD>4.64</TD>
<TD>-28.69</TD></TR></P>
<P>
<TR>
<TD>601088</TD>
<TD>中国神华</TD>
<TD>3.61</TD>
<TD>-20.63</TD></TR></P>
<P>
<TR>
<TD>601628</TD>
<TD>中国人寿</TD>
<TD>3.22</TD>
<TD>-27.61</TD></TR></P>
<P>
<TR>
<TD>600036</TD>
<TD><CLK><NOBR oncontextmenu="return false;" onmousemove=kwM(9); id=clickeyekey9 onmouseover="kwE(event,9, this);" style="COLOR: #6600ff; BORDER-BOTTOM: #6600ff 1px dotted; BACKGROUND-COLOR: transparent; TEXT-DECORATION: underline" onclick="return kwC(event,9)" onmouseout="kwL(event, this);" target="_1">招商</NOBR>银行</CLK></TD>
<TD>2.12</TD>
<TD>0.63</TD></TR></P>
<P>
<TR>
<TD>601328</TD>
<TD>交通银行</TD>
<TD>1.92</TD>
<TD>-15.12</TD></TR></P>
<P>
<TR>
<TD>601318</TD>
<TD>中国平安</TD>
<TD>1.39</TD>
<TD>-25.69</TD></TR></P>
<P>
<TR>
<TD>601006</TD>
<TD>大秦铁路</TD>
<TD>1.23</TD>
<TD>-12.32</TD></TR></P>
<P></P></TBODY></TABLE></P>
<P>
<TABLE width="90%" align=center border=1>
<TBODY>
<TR>
<TD>股票代码</TD>
<TD>股票简称</TD>
<TD>权重(%)</TD>
<TD>涨跌幅(%)</TD></TR>
<P></P>
<P>
<TR>
<TD>000002</TD>
<TD>万科A</TD>
<TD>3.47</TD>
<TD>10.11</TD></TR></P>
<P>
<TR>
<TD>000898</TD>
<TD>鞍钢股份</TD>
<TD>2.67</TD>
<TD>-25.33</TD></TR></P>
<P>
<TR>
<TD>000858</TD>
<TD>五粮液</TD>
<TD>2.06</TD>
<TD>-33.15</TD></TR></P>
<P>
<TR>
<TD>002024</TD>
<TD>苏宁电器</TD>
<TD>1.78</TD>
<TD>-16.15</TD></TR></P>
<P>
<TR>
<TD>000578</TD>
<TD>ST盐湖</TD>
<TD>1.65</TD>
<TD>399.17</TD></TR></P>
<P>
<TR>
<TD>000792</TD>
<TD>盐湖钾肥</TD>
<TD>1.47</TD>
<TD>-4.18</TD></TR></P>
<P>
<TR>
<TD>000001</TD>
<TD><CLK>深<NOBR oncontextmenu="return false;" onmousemove=kwM(5); id=clickeyekey5 onmouseover="kwE(event,5, this);" style="COLOR: #6600ff; BORDER-BOTTOM: #6600ff 1px dotted; BACKGROUND-COLOR: transparent; TEXT-DECORATION: underline" onclick="return kwC(event,5)" onmouseout="kwL(event, this);" target="_1">发展</NOBR>A</CLK></TD>
<TD>1.45</TD>
<TD>-14.93</TD></TR></P>
<P>
<TR>
<TD>000825</TD>
<TD>太钢不锈</TD>
<TD>1.30</TD>
<TD>-25.56</TD></TR></P>
<P>
<TR>
<TD>000568</TD>
<TD>泸州老窖</TD>
<TD>1.21</TD>
<TD>-13.83</TD></TR></P>
<P>
<TR>
<TD>000069</TD>
<TD>华侨城A</TD>
<TD>1.20</TD>
<TD>-5.05</TD></TR></P>
<P></P></TBODY></TABLE></P>
<P>　　●行业贡献度分析</P>
<P>
<TABLE width="90%" align=center border=1>
<TBODY>
<TR>
<TD>行业</TD>
<TD>贡献度（%）</TD>
<TD>涨跌幅（%）</TD>
<TD>换手率（%）</TD>
<TD>市盈率（倍）</TD></TR>
<P></P>
<P>
<TR>
<TD>金融服务</TD>
<TD>10.64 </TD>
<TD>-17.3 </TD>
<TD>15.2 </TD>
<TD>31.8 </TD></TR></P>
<P>
<TR>
<TD>化工</TD>
<TD>8.92 </TD>
<TD>-21.5 </TD>
<TD>32.1 </TD>
<TD>43.2 </TD></TR></P>
<P>
<TR>
<TD>交通运输</TD>
<TD>6.84 </TD>
<TD>-19.5 </TD>
<TD>18.1 </TD>
<TD>46.5 </TD></TR></P>
<P>
<TR>
<TD>黑色金属</TD>
<TD>6.50 </TD>
<TD>-23.6 </TD>
<TD>22.2 </TD>
<TD>23.7 </TD></TR></P>
<P>
<TR>
<TD>机械设备</TD>
<TD>6.42 </TD>
<TD>-23.2 </TD>
<TD>25.9 </TD>
<TD>54.1 </TD></TR></P>
<P>
<TR>
<TD>总和</TD>
<TD>39.33</TD></TR></P>
<P></P></TBODY></TABLE></P>
<P>　　2008年3月对沪深两市下跌贡献最大的五个行业分别是：金融服务、化工、交通运输、黑色金属、机械设备，这五个行业合计贡献了两市流通市值变动额的39.33%，相对较低的贡献度反映了市场的普跌特征。这五大行业中黑色金属行业累计跌幅最大，该行业平均市盈率已降至23.7倍。</P>
<P>　　●个股贡献度分析</P>
<P>　　中国石油、五粮液分列榜首</P>
<P>
<TABLE width="90%" align=center border=1>
<TBODY>
<TR>
<TD>沪市</TD></TR>
<P></P>
<P></P></TBODY></TABLE>
<TABLE width="90%" align=center border=1>
<TBODY>
<TR>
<TD>股票简称</TD>
<TD>正向贡献度%</TD>
<TD>涨跌幅%</TD>
<TD>股票简称</TD>
<TD>反向贡献度%</TD>
<TD>涨跌幅%</TD></TR>
<P></P>
<P>
<TR>
<TD>中国石油</TD>
<TD>18.97 </TD>
<TD>-23.70</TD>
<TD>江苏阳光</TD>
<TD>-0.08 </TD>
<TD>32.86 </TD></TR></P>
<P>
<TR>
<TD>中国石化</TD>
<TD>7.47 </TD>
<TD>-28.69</TD>
<TD>招商银行</TD>
<TD>-0.05 </TD>
<TD>0.63 </TD></TR></P>
<P>
<TR>
<TD>中国人寿</TD>
<TD>4.92 </TD>
<TD>-27.61</TD>
<TD>小商品城</TD>
<TD>-0.05 </TD>
<TD>19.86 </TD></TR></P>
<P>
<TR>
<TD>中国神华</TD>
<TD>3.76 </TD>
<TD>-20.63</TD>
<TD>华发股份</TD>
<TD>-0.04 </TD>
<TD>11.95 </TD></TR></P>
<P>
<TR>
<TD>中国铝业</TD>
<TD>2.44 </TD>
<TD>-36.37</TD>
<TD><CLK><NOBR oncontextmenu="return false;" onmousemove=kwM(0); id=clickeyekey0 onmouseover="kwE(event,0, this);" style="COLOR: #6600ff; BORDER-BOTTOM: #6600ff 1px dotted; BACKGROUND-COLOR: transparent; TEXT-DECORATION: underline" onclick="return kwC(event,0)" onmouseout="kwL(event, this);" target="_1">创业</NOBR>环保</CLK></TD>
<TD>-0.03 </TD>
<TD>12.17 </TD></TR></P>
<P>
<TR>
<TD>工商银行</TD>
<TD>2.32 </TD>
<TD>-6.13</TD>
<TD>水井坊</TD>
<TD>-0.03 </TD>
<TD>10.99 </TD></TR></P>
<P>
<TR>
<TD>中国银行</TD>
<TD>2.10 </TD>
<TD>-9.73</TD>
<TD>三联商社</TD>
<TD>-0.03 </TD>
<TD>48.55 </TD></TR></P>
<P>
<TR>
<TD>中国平安</TD>
<TD>1.92 </TD>
<TD>-25.69</TD>
<TD><CLK>中华<NOBR oncontextmenu="return false;" onmousemove=kwM(3); id=clickeyekey3 onmouseover="kwE(event,3, this);" style="COLOR: #6600ff; BORDER-BOTTOM: #6600ff 1px dotted; BACKGROUND-COLOR: transparent; TEXT-DECORATION: underline" onclick="return kwC(event,3)" onmouseout="kwL(event, this);" target="_1">企业</NOBR></CLK></TD>
<TD>-0.01 </TD>
<TD>4.12 </TD></TR></P>
<P>
<TR>
<TD>宝钢股份</TD>
<TD>1.81 </TD>
<TD>-27.51</TD>
<TD>广钢股份</TD>
<TD>-0.01 </TD>
<TD>10.09 </TD></TR></P>
<P>
<TR>
<TD>中国远洋</TD>
<TD>1.68 </TD>
<TD>-27.39</TD>
<TD>天宸股份</TD>
<TD>-0.01 </TD>
<TD>12.67</TD></TR></P>
<P></P></TBODY></TABLE></P>
<P><CLK>　　3月对沪市A股下跌贡献最大的10只个股贡献度合计为47.39%；其中中国石油正向贡献（18.97%）最大，正向贡献前十的个股中，中国铝业跌幅超过30%。反向贡献度前十的个股中，江苏阳光、三联商社等题材<NOBR oncontextmenu="return false;" onmousemove=kwM(8); id=clickeyekey8 onmouseover="kwE(event,8, this);" style="COLOR: #6600ff; BORDER-BOTTOM: #6600ff 1px dotted; BACKGROUND-COLOR: transparent; TEXT-DECORATION: underline" onclick="return kwC(event,8)" onmouseout="kwL(event, this);" target="_1">概念股</NOBR>涨幅巨大。</CLK></P>
<P></P>
<P>
<TABLE width="90%" align=center border=1>
<TBODY>
<TR>
<TD>深市</TD></TR>
<P></P>
<P></P></TBODY></TABLE>
<TABLE width="90%" align=center border=1>
<TBODY>
<TR>
<TD>股票简称</TD>
<TD>正向贡献度%</TD>
<TD>涨跌幅%</TD>
<TD>股票简称</TD>
<TD>反向贡献度%</TD>
<TD>涨跌幅%</TD></TR>
<P></P>
<P>
<TR>
<TD>五粮液</TD>
<TD>4.11 </TD>
<TD>-33.15 </TD>
<TD>万科A</TD>
<TD>-1.28 </TD>
<TD>10.11 </TD></TR></P>
<P>
<TR>
<TD>鞍钢股份</TD>
<TD>3.65 </TD>
<TD>-25.33 </TD>
<TD><CLK>安泰<NOBR oncontextmenu="return false;" onmousemove=kwM(2); id=clickeyekey2 onmouseover="kwE(event,2, this);" style="COLOR: #6600ff; BORDER-BOTTOM: #6600ff 1px dotted; BACKGROUND-COLOR: transparent; TEXT-DECORATION: underline" onclick="return kwC(event,2)" onmouseout="kwL(event, this);" target="_1">科技</NOBR></CLK></TD>
<TD>-0.15 </TD>
<TD>21.29 </TD></TR></P>
<P>
<TR>
<TD>金风科技</TD>
<TD>2.77 </TD>
<TD>-36.72 </TD>
<TD>中国中期</TD>
<TD>-0.07 </TD>
<TD>20.98 </TD></TR></P>
<P>
<TR>
<TD>云南铜业</TD>
<TD>1.93 </TD>
<TD>-34.52 </TD>
<TD>远望谷</TD>
<TD>-0.05 </TD>
<TD>14.19 </TD></TR></P>
<P>
<TR>
<TD>太钢不锈</TD>
<TD>1.80 </TD>
<TD>-25.56 </TD>
<TD>滨海能源</TD>
<TD>-0.05 </TD>
<TD>24.28 </TD></TR></P>
<P>
<TR>
<TD>苏宁电器</TD>
<TD>1.38 </TD>
<TD>-16.15 </TD>
<TD>中原环保</TD>
<TD>-0.04 </TD>
<TD>14.26 </TD></TR></P>
<P>
<TR>
<TD>国元证券</TD>
<TD>1.34 </TD>
<TD>-34.89 </TD>
<TD>津滨发展</TD>
<TD>-0.04 </TD>
<TD>3.29 </TD></TR></P>
<P>
<TR>
<TD>美的电器</TD>
<TD>1.29</TD>
<TD>-26.30 </TD>
<TD>华帝股份</TD>
<TD>-0.04</TD>
<TD>21.84 </TD></TR></P>
<P>
<TR>
<TD><CLK><NOBR oncontextmenu="return false;" onmousemove=kwM(4); id=clickeyekey4 onmouseover="kwE(event,4, this);" style="COLOR: #6600ff; BORDER-BOTTOM: #6600ff 1px dotted; BACKGROUND-COLOR: transparent; TEXT-DECORATION: underline" onclick="return kwC(event,4)" onmouseout="kwL(event, this);" target="_1">一汽</NOBR>轿车</CLK></TD>
<TD>1.21</TD>
<TD>-38.23 </TD>
<TD>世博股份</TD>
<TD>-0.04</TD>
<TD>16.34 </TD></TR></P>
<P>
<TR>
<TD>西飞国际</TD>
<TD>1.16 </TD>
<TD>-32.29 </TD>
<TD>TCL集团</TD>
<TD>-0.03 </TD>
<TD>2.38</TD></TR></P>
<P></P></TBODY></TABLE></P>
<P>　　3月对深市A股下跌贡献最大的10只个股贡献度合计为20.64%；其中五粮液正向贡献（4.11%）最大，正向贡献前十的个股中，超过半数累计跌幅在30%以上，其中一汽轿车跌幅最大。反向贡献前十的个股中，贡献度以万科居首，多只天津滨海概念股也有不错表</P>