The first day in science and technology innovation board： the average increase was as high as 140%, and the total turnover exceeded 48 billion.
At 9: 30am on July 22nd, the first batch of 25 science and technology innovation board stocks were listed on the Shanghai Stock Exchange, and science and technology innovation board officially opened. Xinhua news agency
Huaxi Dushi Bao-cover journalist Zhao Yaru Xiong Yingying
Twenty-five new shares in science and technology innovation board started trading with the code "688". As of the close of July 22nd, none of the 25 "688s" broke, and the average increase was as high as 140%, with a total turnover of over 48 billion.
Apart from the surge, what are the highlights of science and technology innovation board’s first day?
Aspect 1
The average increase across the board was as high as 140%
"It should be said that the increase on the first day still exceeded our expectations." A brokerage official said about science and technology innovation board’s performance on the first day.
Previously, the agency predicted the first day’s increase in science and technology innovation board, and it was generally believed that the first day was a disaster, but it was difficult to exceed 100%. CITIC Securities predicts that the average turnover rate of new shares in science and technology innovation board will be 35%-65% on the first day, and the turnover will be 13 billion-24 billion, with an average increase of less than 20%. Everbright Securities, under the optimistic assumption, estimates that the increase range of 25 science and technology innovation board new shares is 20%-65%.
But the fact is, on the first day of science and technology innovation board, 25 stocks rose sharply across the board, with 16 stocks with an increase of more than 100%, with Anji Technology with the highest increase of 400% and Xinguang Optoelectronics with the lowest increase of 84.22%. The average increase is as high as 140%, even higher than the average increase of 106% on the first day of the GEM.
Aspect 2
Frequent stoppages: Shanghai Stock Exchange issued 29 announcements of stoppages.
According to the Shanghai Stock Exchange and the characteristics of science and technology innovation board enterprises, the existing temporary suspension mechanism of A shares has been optimized in two aspects. First, the trigger threshold of temporary suspension has been relaxed from 10% and 20% to 30% and 60% respectively to avoid frequent suspension on the first day of listing; The second is to shorten the duration of the two suspensions to 10 minutes.
On the first day of listing, there were frequent stoppages in science and technology innovation board, and the Shanghai Stock Exchange issued a total of 29 announcements of stoppages throughout the day. Hangke Technology is the first stock in the session that triggered the temporary stop. After the opening, it rose by more than 30% to trigger the temporary stop mechanism. Within five minutes of the opening, seven stocks, including N Ruichuang, N Tianzhun, N Zhongwei, N Jiaokong, N Hanchuan, N Hongruan and N Jiayuan, were temporarily suspended due to their decline exceeding the opening price by 30%.
Aspect 3
"Making wealth" keeps the richest couple worth 18.6 billion.
Under the surge, it is followed by the myth of "making wealth" of new shares. Of the 25 enterprises in science and technology innovation board, 17 are natural persons. By the close of the 22nd, Chen Wenyuan and Jess Zhang, the actual controllers of Huaxing Yuanchuang, together held about 336 million shares of Huaxing Yuanchuang. According to the closing price of 55.5 yuan, the market value of the shares held by Chen Wenyuan and his wife was about 18.6 billion yuan, making them the richest people in science and technology innovation board.
Ranked second are Cao Ji and Cao Zheng, the actual controllers of Hangke Technology. Together, they hold about 278 million shares of the company, with a stock market value of about 15.1 billion yuan based on the closing price on the 22nd. The actual controllers of ArcSoft Technology, Hui Deng and Liuhong Yang, have a market value of 9.064 billion yuan, ranking third.
Aspect 4
The turnover rate is amazing. The turnover rate of 24 stocks is over 70%
Science and technology innovation board’s turnover on the first day totaled about 48.5 billion, and the turnover rate of individual stocks was amazing.
Previously, some institutions predicted that science and technology innovation board’s turnover rate on the first day might be between 35% and 60%, but in fact, 24 of the 25 stocks had turnover rates exceeding 70% and 6 had turnover rates exceeding 80%. Anji Technology, which had the highest increase, also had the highest turnover rate, reaching 86.19%. This means that the vast majority of the winners have chosen to take profits on the first day.
A high-net-worth investor told Huaxi Dushi Bao and the cover journalist that he won three new shares in science and technology innovation board this time, and all of them were sold on Monday morning, and he did not intend to enter the market again in the short term. "The recent new income is not as good as before, but science and technology innovation board is still a sure-fire. I shouldn’t be involved in science and technology innovation board trading in the near future. I feel too ‘ this morning’s trend. Crazy ’ Well, there is no price increase or decrease in the first five trading days, and I am worried that the stock price will sit down in the next few days ‘ Roller coaster ’ 。”
According to the China Securities Journal, a large Public Offering of Fund person said that due to the high opening price and relatively obvious overestimation, all of them have now made profits. If you want to buy in the future, it is recommended to select the target after the valuation enters a reasonable range. In addition, a large-scale private placement in China also said that the winning bid has increased greatly at present and will be sold at the right opportunity.
Aspect 5
Huge turnover, 25 stocks
"sell" 20% of the Shanghai stock exchange.
After high turnover rate, it is high turnover. As of the close of the first day, the total turnover of 25 stocks in science and technology innovation board exceeded 48 billion, while the turnover in Shanghai stock market was 204.2 billion yuan. In other words, the number of science and technology innovation board stocks, which accounts for about 2%, accounts for nearly 20% of the turnover.
Yang Delong, chief economist of Qianhai Open Source Fund, said that the transaction volume in science and technology innovation board today exceeded 48 billion, far exceeding the previous market expectations. The 25 new shares listed and traded on the first day were small, with more than 3 million investors opening accounts, which belonged to the situation of more funds and less stocks, so the stock price rose sharply. After four trading days, it is expected that the price will still fluctuate greatly. On the 22nd, the fluctuation of the market is mainly upward, but in the later trading day, there may be a large downward fluctuation in intraday or closing. For investors, it is easy to lose money in short-term operations if you are not sure about the volatile market. Therefore, investors are advised not to excessively participate in short-term speculation, but to choose really good companies for allocation with a long-term perspective.
| Expert comments |
Science and technology innovation board opens the market to draw blood A shares?
Expert: It will not cause long-term capital diversion.
On July 22nd, the three major A-share stock indexes fluctuated lower in the afternoon. At the close, the Shanghai Composite Index fell 1.28%, fell below the 2900 mark, the Shenzhen Component Index fell 1.15%, and the Growth Enterprise Market Index fell 1.69%. The plates are generally floating green.
At the same time, the turnover of 25 stocks in science and technology innovation board exceeded 48 billion yuan. Anji Technology rose by 400%, and the turnover of China Tonghao ranked first with nearly 10 billion yuan.
In this regard, there have been many comments in the market, saying that science and technology innovation board will exert pressure on A-shares through blood-drawing effect after the opening of the market.
Yang Delong, chief economist of Qianhai Open Source Fund, said that there was a certain adjustment in the main board and small and medium-sized board on the 22nd, and many people were worried that science and technology innovation board’s opening of the market would attract a large amount of capital, which would have a certain diversion effect on the funds of the main board and small and medium-sized enterprises. However, he believes that this diversion of funds is short-term and will not cause long-term diversion. "In the long run, science and technology innovation board is an important supplement to the main board and small and medium-sized enterprises, and they all belong to an important part of China’s multi-level capital market. Investors can choose their own stocks or funds to invest according to their risk preferences and investment ability. "
Fan Bo, general manager of bedrock Capital Investment Department, believes that whether the A-share market can take the technology bull or not also needs to make a mid-term judgment on valuation, liquidity and corporate profit. science and technology innovation board will drive the A-share market to welcome the technology bull market, but it is more regarded as a driving point.
In his view: First, science and technology innovation board’s launch positioning is clear, which is a key link to improve and perfect the basic system of A-shares, laying an institutional foundation for the long-term healthy development of A-shares and benefiting the A-share market in the long run; Second, the establishment of science and technology innovation board will bring positive feedback to the A-share main board, that is, science and technology innovation board enterprises will support the development of entity enterprises after financing, and the valuation of A-share benchmarking companies will also increase accordingly; Third, the current technology stocks are at a low level. According to the latest performance forecast of the interim report, there are many leading companies and white horse stocks with certain performance growth and invisible champions with a market value of 10-50 billion, such as some companies in the PCB industry chain.