The A-share market is expanding rapidly in terms of penny stocks, and the number of such stocks is increasing rapidly recently, taking the group of stocks below 2 yuan as an example.
According to Wind data, at the end of March this year, there were more than 90 stocks below 2 yuan in the A-share market, but as of now, the number of stocks below 2 yuan in the A-share market has reached 146, which means that in less than a month, the number of stocks below 2 yuan has increased by about 50%.
As a typical group of penny stocks, the number of stocks below $2 has experienced fluctuations in recent years.
The data shows that in the past 2023, the number of stocks below 2 yuan in the A-share market will generally fluctuate in the range of 40-60. Since entering 2024, the number of stocks below 2 yuan has begun to increase significantly, exceeding 90 by the end of January 2024, and then remaining at the level of more than 90 stocks in February and March 2024, and the increase in the number since April has shown an "acceleration" again.
Observation can find that from the perspective of stock price performance, more than 90 of the above 146 stocks below 2 yuan will still have a stock price of more than 2 yuan by the end of 2023. In addition, most of the above 146 stocks have fallen year-to-date, with an average decline of more than 30%, of which 20 stocks have fallen by more than 50% during the year, and some of them have even fallen by more than 80% year-to-date.
For example, *ST Meishang's share price at the end of 2023 is still 1.42 yuan, and since entering 2024, the stock price has experienced several waves of sharp declines, the current stock price is only 0.27 yuan, and the cumulative decline since the beginning of the year has reached 80.99%, and the stock closing price has been below 1 yuan for 14 consecutive trading days;
In addition, observing the above 146 stocks below 2 yuan can also be found that if according to the Shenwan first-class industry, real estate, building decoration, electronics, automobiles, medicine and biology, textiles and clothing, power equipment, communications, machinery and equipment, trade and retail, steel and other industries are relatively large, of which real estate and building decoration and other real estate chain companies are the most, and the prosperity of related industries is also directly projected on the stock price of listed companies.
It is worth noting that while the number of shares below 2 yuan is increasing rapidly, the number of shares below 1 yuan is also increasing rapidly. Wind data shows that up to now, the number of stocks below 1 yuan in the A-share market has reached 17, which is also a high level since the beginning of this year, and some of these stocks have been below 1 yuan for many consecutive days, even if the subsequent continuous limit will hit the "1 yuan delisting" standard of closing prices below 1 yuan for 20 consecutive trading days, so as to lock in the "1 yuan delisting" in advance.
The reporter found that even if the market as a whole stabilized recently, some stocks with stock prices below 1 yuan still fell further. For example, on April 25, except for the suspended stocks, all the stocks with a stock price of less than 1 yuan closed down that day, and none of them rose.
On the occasion of the release of the new "National Nine Articles", the China Securities Regulatory Commission issued the "Opinions on the Strict Implementation of the Delisting System", which proposes to further tighten the mandatory delisting standards, gradually broaden diversified exit channels, vigorously reduce the value of "shell" resources, effectively strengthen regulatory law enforcement, and more vigorously implement a number of major measures such as investor compensation relief. In addition, the Shanghai and Shenzhen Stock Exchanges have solicited public comments on a number of business rules.
In an interview with a reporter from the Securities Times not long ago, Gui Haoming, a senior market person, believed that the draft for comments can further standardize the operation of the market and further optimize. He believes that without a good delisting mechanism, it is actually impossible to fully guarantee the normal operation of the market. At that time, Gui Haoming believed that according to the consultation paper, the relevant delisting situation is expected to increase.
In addition, the further increase in the number of penny stocks also coincides with the intensive disclosure period of annual reports in April, and the operation and performance of many companies will face the test of annual reports.
The reporter found that most of the above 17 stocks with a stock price of less than 1 yuan will lose money in 2022, and many of them will lose money for two consecutive years in 2021 and 2022. If calculated according to the upper limit of the profit range of the 2023 performance forecast, all the above 17 stocks are expected to lose money in 2023, which means that even from the perspective of performance alone, there is a lot of pressure on these stocks to delist.
Editor-in-charge: Ye Shuyun
Proofreading: Ran Yanqing
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