Original title: Beijing Stock Exchange opened two days with a total turnover of more than 14 billion yuan, experts say the market is optimistic
Our reporter Chang Xiaoyu
On November 16, the second day of the opening of the Beijing Stock Exchange, according to the statistics of the “Securities Daily” reporters, the trading of 81 stocks was generally stable in the two days before the opening of the Beijing Stock Exchange (November 15-16). The total turnover reached 14.072 billion yuan. Among them, all 10 new stocks rose, with an average increase of 175.01%, with a turnover of 5.895 billion yuan. 68 translation stocks (excluding the three suspended trading stocks) went up and down, with a turnover of 8.177 billion yuan.
Chang Chunlin, the founding partner of Beijing Liwu Investment Management Co., Ltd., told a reporter from the Securities Daily, “Two days before the market opened, the overall performance of the Beijing Stock Exchange’s stocks was in line with market expectations, and future market expectations are optimistic.”
According to statistics from reporters, two days before the opening of the Beijing Stock Exchange, trading of 10 new stocks was relatively active, with an average turnover rate of 89.22% over the two days. As of the close of November 16, the two smart city concept stocks of Zhisheng Information and Hanxin Technology had the largest gains, rising 12.71% and 4.37% respectively, and the prices continued the upward trend of the previous trading day.
“The performance of relevant new stocks as a whole is in line with market expectations. It is the market’s reasonable pricing of innovative small and medium-sized enterprises.” Chang Chunlin analyzed that on the one hand, on November 16, new stocks maintained a certain degree of trading enthusiasm, which is more effective when fully changed hands. Reflecting the game mentality of buyers and sellers, the high premium caused by market enthusiasm has been fully digested on the first day, which is conducive to the rediscovery of market equilibrium prices; on the other hand, from the historical situation, the initial period of new stocks tends to be high and low. The process of gradual and stable rational regression conforms to the laws of market operation.
Public data shows that the opening of the Sci-tech Innovation Board, the first batch of 25 stocks rose by an average of 139.55% on the first day, and after an overall rational callback on the next day, the average rose by 11.39% on the third day, and the growth rate has gradually converged, the market game is full, and the equilibrium price is basically form. In addition, the overall expectation of the Beijing Stock Exchange is positive. In addition, the new stocks in the A-share market rose well last week. According to market participants’ forecasts, “follow-up demand for new stocks will be fully released, and the downside of stock prices is limited. , Should seize the opportunity of trading.”
The stock prices of 68 translation stocks gradually stabilized after a small consolidation within two days of the market opening, with an average turnover rate of 13.17%. On November 16, the buying and selling forces were more balanced, the profit order was released to a certain extent, and no large single-selling by investors was seen. Chang Chunlin believes that “the stock price of Pingyi has narrowed its decline compared with the previous trading day, and market expectations are good. In addition, as the number of newly opened investors increases, the market will receive more incremental funds, and subsequent high-quality stocks with low valuations will rise. Great potential.”
“At present, the fundamentals of the companies listed on the Beijing Stock Exchange are good, and the market correction is normal.” Chang Chunlin believes that as the turnover rate stabilizes, and after the initial sell-off of profit earners has basically been completed, new investors have accelerated their entry into the market. More The public equity funds of China gradually build positions, and the market will usher in a new wave of rise, which will further lay down investor confidence.
“Securities Daily” reporter learned from the Beijing Stock Exchange that on the first day of the Beijing Stock Exchange, individual investors enthusiastically opened accounts, and the number of new qualified investors reached 180,000, an increase from the average number of accounts opened per day before the market opened last week (45,000) Nearly 3 times. In addition, public funds have also accelerated their entry. On November 16, China and other 8 fund companies all disclosed on their official websites the announcement of the sale of the theme funds of the Beijing Stock Exchange. Among them, the start and end dates of the fundraising of 5 fund companies including China Asset Management, Wanjia, Harvest, Dacheng, and E Fund are from November 19 to November 25 (5 trading days), and the fundraising of 3 fund companies of China Southern, Guangfa, and China Huitianfu The start and end dates are from November 19 to December 2 (10 trading days).
Yang Delong, chief economist of Qianhai Kaiyuan Kaiyuan Fund, told a reporter from the Securities Daily that investment in the Beijing Stock Exchange should be focused on the long-term and should not be involved in short-term speculation. In the initial stage, the number of companies listed on the Beijing Stock Exchange is relatively small. As the number of listed companies on the Beijing Stock Exchange increases, the trend of the stocks on the Beijing Stock Exchange will become more stable.
It should be noted that on November 16, three companies listed on the Beijing Stock Exchange, Liancheng Numerical Control, Yongshun Biological and Wuxin Tunnel, successively issued announcements to boost market confidence.
Among them, Liancheng CNC issued an announcement on the early termination of the share reduction plan for senior management and the results of the share reduction, stating that the financial officer and secretary of the board of directors Wang Ming decided to terminate the share reduction plan ahead of schedule based on personal reality and confidence in the company’s development.
Based on confidence in the company’s future prospects, a shareholder of Yongshun Biotech voluntarily extended the restricted period of shares held. Yongshun Biological released an announcement on voluntary sales restrictions on the company’s shares held by shareholders, stating that the shares held by shareholders of Guangdong Modern Agriculture Group Co., Ltd. are already under sales restrictions. Shareholders voluntarily extend the restriction period of the shares held by them, and the restriction shall not be lifted within 12 months from the date of the company’s listing.
Wuxin Tunnel Equipment issued a voluntary announcement to disclose the signing of important daily operation contracts, stating that from November 1 to November 15, the company’s intelligent digital pouring lining trolley sales made new breakthroughs, and some of the sales contracts signed amounted to 16.72227 million yuan.
In addition, the institution has also recently conducted intensive investigations on companies listed on the Beijing Stock Exchange. Since September 2nd, a total of 21 Beijing Stock Exchange listed companies have successively issued 23 announcements on the reception of institutional investors research. Research institutions include securities firms, private equity, public equity, venture capital and many other market institutions. Institutional research enthusiasm is high .
In summary, market participants believe that the overall positive market situation of the Beijing Stock Exchange has not changed, and the good fundamentals support the stock price trend, and the valuation is significantly lower than that of the ChiNext and the Science and Technology Innovation Board.
.