Gem Market Value Rose 20 Billion 700 Million Yuan

Since the beginning of this week, with the overall strength of the A share market, the gem has continued the rebound trend since the year of the rabbit.

Gem growth is weak

Judging from the performance of major indexes, Shanghai Composite Index rose 2.56% this week, Shenzhen index rose 2.61%, Shanghai and Shenzhen 300 index rose 2.91%, SME board composite index rose 3.07%, gem composite index rose 2.69%.

The obvious difference between the index performance reveals the structural characteristics of the current market. In the situation of the market trend warming, the elasticity of small cap stocks is better, but the valuation pressure of the gem is still very large, and the growth rate obviously lagged behind the Shanghai and Shenzhen 300 and small and medium board.

With the rise this week, the rebounding trend of GEM has been renewed.

After ending 6 weeks of decline, the gem index has risen for 3 consecutive weeks since January 31st.

During this period, the gem as a representative of small cap stocks, the volatility of stock prices became more prominent. In February 16th, the Shanghai Composite Index rose 0.85%, while the gem index rose 1.79%. In February 18th, the Shanghai Composite Index fell 0.93%, and the growth enterprise market fell 1.33%.

As of Friday, the gem index closed at 1100.46 points, back to the end of 12 2010.

After this week's rise, as of February 18th, the average price earnings ratio of the 178 GEM stocks was 66.97 times.

Average daily turnover rebounded

After this week's rise, the stock price of GEM has increased significantly.

Statistics show that as of February 18th closing, 173 gem than comparable stocks (excluding new shares listed this week).

From the performance of individual stocks, GEM stocks, 137 stocks rose, accounting for 79.19%, showing a general trend of stocks.

However, the differentiation of the ups and downs is very obvious. Hua Li Chong Tong (300045, stock bar) has become the most eye-catching stock this week, with a weekly gain of 19.82%.

Hua Li creative 15 announcement, the company successfully developed a fully independent intellectual property rights of the Beidou /GPS multi frequency precision navigation baseband chip "HwaNavChip-1".

Although Hua Li Chong Tong said that it can not predict its impact on the future sales revenue, but the two tier market is very popular, 15 days after the opening of the stock market was closed.

In addition, Huaping stock (300074, stock bar), Tianlong photoelectric (300029, stock bar) and other 14 stocks rose more than 10%.

However, Zhou Diefu of Kang Zhi Pharmaceutical (300086, stock bar) and Shanghai kaebao (300039, stock bar) and so on share more than 5%, these stocks obviously lag behind the performance of the gem index.

Since the year of the rabbit, the turnover of GEM has improved significantly, and the state of liquidity has eased.

Statistics show that this week, the gem average daily turnover of 204 million shares, the average daily turnover of 8 billion 112 million yuan, compared with last week's 166 million shares and 6 billion 234 million yuan compared to a substantial increase.

Market participants said that the return of capital and the rebound in volume were the main reasons for the recent growth of the gem. In the A share market rally, small cap stocks were more likely to be sought after by investors. However, the valuation pressure faced by the gem is still not to be overlooked. Future market volatility and monetary tightening policies will affect the performance of small cap stocks.