Gem Two Times Breaking New Shares

The "double high" phenomenon of high price and high valuation in the first tier market is becoming more and more intense. In the context of the recent large market pullback and the strong fluctuation of the growth enterprise market, there is a rapid break in the second stock market.

At present, 7 stocks of gem have fallen below the issue price, of which digital video and Ningbo GQY's online placement shares are still in the restricted period, which makes the fund allocated under its network set up to 154 million yuan.

48 placing shares under the fund network

Floating deficit 5 million 140 thousand

In May 6th, the Shanghai and Shenzhen stock index suffered a heavy setback, the gem appeared to be divided, and the stock movements of Dayu water saving and Lok Pu medical and other stock went up, while the second time shares fell sharply.

The declines of digital video and Ningbo GQY reached 2.02% and 5.80% respectively. Both of them fell below the issue price and became the new members of the current breakage stocks.

In fact, at present, the breakstocks of gem also include Netac technology, Xing Hui car models, Taiji shares, tiandike, He Mei Tylenol and so on, but these 5 stocks are all listed before January 20, 2010, and the placing shares have already been lifted.

According to WIND statistics, the number of issued digital video and Ningbo GQY networks is 5 million 600 thousand shares and 2 million 728 thousand shares respectively. According to the issue price, the total amount of online purchase funds is 513 million yuan.

Among them, 48 funds participated in the two sub shares allotment, and the total shares were 2 million 492 thousand and 900 shares, and the total allocated funds amounted to 154 million yuan.

As the number of shares allocated by each fund is not large, and the proportion of the breakup of digital video and Ningbo GQY is relatively small, the current fund's deficit is not too large.

According to the closing price in May 6th, the total loss of the matching fund was only 5 million 149 thousand and 200 yuan.

In addition, the fund management company's situation is also scattered, and the larger Chinese fund has only 3 funds to participate in the rationing.

Analysts pointed out that the gem breakage shares reappeared, mainly from the issue of high priced and overvalued valuation. In the absence of growth and high support expectations, the market risk of gem is gradually accumulating.

At the same time, there is a reduction power in the net placing shares of the fund, which may also exacerbate the volatility of the GEM market.

Second stock market experience

After the first day of speculation, they weakened.

In the annual report, the gem has risen unilaterally this year, but the risk of overvaluation of the GEM stocks is beginning to show when the stock price is overdrawn.

With the market down, the recent high priced issue of the IPO is showing a weakening trend.

Since March 19th, 20 gem new shares have been listed on the stock market, but since its listing, only 3 stocks have risen positively, Eastern wealth, trimming environmental protection and national technology.

At present, the stock price below the first day closing price is up to 17.

Further statistics show that the average decrease of the above 20 new listings has reached 13.27%.

Among them, the shares fell the largest since the listing, reaching 33.76%.

The shares of the three Chuan shares were listed on March 26th, rising 76.53% on the first day of the listing, although the stock price has been touched up to 91.68 yuan since then, but then it fell all the way, and its closing price in May 6th was only 57.30 yuan, and gradually approached its issuing price of 49 yuan.

Huaping stock, which was first listed on April 27th, is also a typical representative. Its first day of listing rose 42.51% to close at 102.61 yuan, the highest closing price since the listing of the shares. After that, the stock went down in a series of downturns, and the stock price fell 25.45% in 6 trading days, and its closing price was only 76.50 yuan in May 6th.