IPO returns to normalcy!
After the close of trading on Friday, the Shanghai and Shenzhen exchanges restarted IPOs and refinancing again, although the Shenzhen Stock Exchange only reviewed one company, and the Shanghai Stock Exchange also only had one refinancing application, but it means that the IPO will return to normalcy!
It is understood that the first issuer of the IPO restart is Marco Polo, a leading ceramic tile company;
In fact, it is impossible for the IPO to be issued, but why did you choose this point in time to recover?
The main thing is that the market is starting to move better, the index has also stabilized at 3,000 points, and the village also thinks that it is time to resume the IPO!
My previous expectation was to wait at least to stand above 3300 points before the market will restart the IPO and refinancing, which seems to have exceeded my expectations!
But what I am more concerned about is that there is no problem with restarting the IPO and refinancing, the question is how to keep the problem companies out, whether the review conditions will be improved, how to ensure the quality of listed companies, and whether they will be responsible for declaration?
This fear is not unfounded!
After all, in the past few years, there have been a lot of new shares listed, but most of them are broken, and the stock price is the peak on the first day of listing.
I hope that the new village chief will continue to work hard in the IPO and strictly control the entry gate, only in this way will the market get out of a decent rebound market!
Important after-hours news:
1. Power direction: There are a lot of good things about the power direction in the near future, such as Microsoft will invest $10 billion to develop renewable energy power generation capacity, and the "Electricity Market Supervision Measures" will be implemented soon, which has a certain stimulus for the power sector!
2. Real estate direction, on the news side, the central bank stated after the market that it will meet the reasonable financing needs of real estate enterprises of different ownership systems without discrimination, and many places have recently lifted purchase restrictions, will the real estate direction continue to ferment?
3. The good news for pharmaceutical stocks is coming, the U.S. House of Representatives version of the biosecurity bill will be heard next week, and the supplier contract waiver is expected to be extended for 8 years, which is also a good stimulus for the CXO sector!
This week's market review
This week, the A-share index rebounded, rising to 3163 points, a new high since the rebound, but it should be noted that the lower shadow line on Friday is longer, although the index did not effectively fall below the 5-day line, it seems that the support is relatively strong!
However, we need to consider this situation from another angle, when we see such a candlestick at a relatively high level, we should be aware that the market may rush higher and fall back and form a daily top pattern!
Because if the market is really strong, it will not fall below the 5-day line, in the short term, the market still has the momentum to attack, but it will not be like the previous rapid rise, more to rebound in the way of shock climbing!
The key is still in the trading volume, especially the shrinkage rebound, we need to pay attention, for example, the recent trading volume has also fallen sharply, indicating that some funds are beginning to be in a cautious state!
So next, the market continues to surge, and when there is no amount to match, the embankment needs to rise and fall!