On the last trading day before the long holiday, the first stock of spices on the Beijing Stock Exchange, Zhongcao Spice, was listed. On the first day of listing, the market was speculated, and the transaction was extremely active, with a turnover rate of 98.36% throughout the day, becoming the highest first-day turnover rate in the history of new shares on the Beijing Stock Exchange. From the perspective of stock price performance, the intraday increase was as high as 500%, and the closing price was still up 241.33%, which was the fifth highest first-day closing increase in the history of new shares on the Beijing Stock Exchange.
But today's funds have come to a big turn, the grass spice closed 30CM down limit, the turnover rate reached 75%, and the crazy influx of funds last Friday ran away. If an investor buys at a high of $45 last Friday, it will close 60% deep today.
Zhongcao Spice is a microcosm of the IPO. Since the beginning of this year, a total of 64 new stocks have been listed on the three stock exchanges in Shanghai, Shenzhen and Beijing, except for the newly listed Chinese herb spices, the remaining 63 new stocks are all yin, that is, all the new stocks listed this year have closed down. "Listing is the peak" has become the norm for new listings.
Fute Technology was listed on September 4, with the highest price of 59.67 yuan on the first day of listing, and today's closing price of 33.24 yuan, and the stock price is close to halving. Fute Technology's on-board high-voltage power supply system has the highest market share in the field of new energy passenger vehicles in China, mainly supplying GAC, Weilai, and Xiaomi automobiles, and is favored by many investors. Last week, the turnover rate of Fute Technology ranked first in A-shares, with a one-week turnover rate of 244.06%. However, the high turnover rate cannot stop the stock price from falling, and most of the investors who rebound are trapped.
C Huihan listed on September 11, the main Internet of Vehicles intelligent terminals, Internet of Things intelligent modules, the first day of listing rose 76 yuan, today is the fourth trading day of listing, the stock price closed at 50.26 yuan.
Xiaofang Pharmaceutical was listed on August 26, and its share price touched 39 yuan on the first day of listing, and the closing price was 20.86 yuan today.
Since the beginning of this year, there have been few new stocks and sub-new stocks, and only a few stocks have soared on the first day of the market in Huicheng vacuum and Chinese herbs and spices, and then they have gone all the way down. In addition to the sluggish trend of the A-share market itself, this may also indicate that there was still a bubble in the pricing of new shares at the beginning of the listing. The data shows that nearly half (31) of the new stocks listed during the year experienced a decline in the first half of the year, of which the net profit of 6 shares, including Shengjing Micro, SolaX Energy, Shanghai Hejing, and Maxim Technology, fell by more than 50%.
Looking at the market again, today's Shanghai Composite Index fell below 2700 points again after 7 months, and the mysterious funds continued to buy the bottom in the afternoon, the CSI 300 ETF increased volume, the index V-shaped turned red, and the Shanghai Composite Index stood back above 2700 again. However, nearly 3,500 individual stocks still fell, and the loss effect was greater. The total trading volume of the two cities was 479.3 billion, a decrease of 45.4 billion from the previous trading day.
In stark contrast to the stock market, the bond market, with medium- and long-term Treasury bonds strengthening across the board, and 30-year futures spot bonds hitting new highs. Since the beginning of this year, the stock market has been volatile and weakened, the market risk appetite has declined significantly, and under the risk aversion, many funds that previously invested in stocks have bought treasury bonds to maintain and increase the value of assets, which has boosted the rise of treasury bonds. Although the central bank has cut interest rates this year, at present, there is still room for interest rates to fall. Many funds squeezed into the bond market with the idea of buying early and locking in high interest rates one step earlier, prompting the treasury bonds to continue to rise and yields to continue to fall.
Preview of live classes
能否实现逆境反转？ At 12:00 p.m. on Friday, September 20, Japan, the "Yicai Know" platform will continue to open a wonderful live class, and Yan Dan, the host of CBN Broadcasting, and Jiang Yan, the main teacher, will bring the theme of "Can Adversity Reversal Be Achieved?" through the video. sharing. There will also be limited-time coupons and small gifts during the live stream!
Author: Xu Jinhua
Editor: Yan Dan
Producer: Wang Junji
This article is the exclusive content of the WeChat public account of "CBN Broadcasting", please contact the background for authorization before reprinting. The individual stocks involved in this article are for reference only, and are not recommended for trading and are not responsible for personal income.