The Gem Index Dropped By 100 Points &Nbsp, And The Market Value Evaporated 86 Billion 200 Million Yuan.

Since April,

Decline in average valuation

Since April,

As the gem index fell sharply, its total market value has shrunk dramatically.

Since April

While the total market value has shrunk, the overall valuation of the gem has also declined rapidly.

Statistics show that at the end of 3, the overall price earnings ratio (TTM) of GEM stocks is still 53.92 times higher.

But by the end of May 4th, its overall valuation has dropped to 47.96 times, with a cumulative drop of 11.05%.

In addition, the decrease in the valuation of Shanghai A shares, Shenzhen stock A shares and small and medium-sized boards was only 1.37%, 3.56% and 5.83% respectively.

Analysts pointed out that since April, the gem index continued to lose the market, showing that the gem "high valuation" prelude has been opened.

In terms of the above stock groups, the higher the valuation, the faster the decline.

Thus, in the process of "high valuation", the risks faced by GEM stocks still bear the brunt.

The market value of the fund has suffered heavy losses.

With the deepening of market adjustment, "high valuation" has become increasingly fierce.

Excluding the newly listed shares since April, 175 of the 196 GEM stocks have fallen to varying degrees since April, accounting for nearly 90%.

In addition to a large adjustment, some of the gem stock adjustment is also very tragic.

Statistics show that since April, the total number of stocks falling more than 20% has been 25, accounting for 12.76% of comparable stocks.

Among them, the cumulative decline of Sino Swiss, Lehman photoelectric and national technology has reached 28.10%, 26.36% and 26.10% since April.

Dragged down by falling share prices, the total market value of some GEM stocks has shrunk dramatically.

For example, the total market value of A shares of national technology dropped rapidly from 12 billion 250 million yuan at the end of 3 to the current 9 billion 52 million yuan, which evaporated 3 billion 198 million yuan in a month and became the biggest "bad egg" in the same period.

At the same time, the total market capitalization of Eastern sunrise, Lok medical and blue water sources in April also amounted to 2 billion 751 million yuan, 2 billion 680 million yuan and 2 billion 51 million yuan respectively.

In the process of the decline of the gem, some of the fund's heavily held GEM stocks also failed to escape the doom of the total market capitalization.

Statistics show that since April, the total market capitalization of 196 comparable A shares has been reduced by 86 billion 200 million yuan, and the single stock has evaporated 440 million yuan on average.

In contrast, 75 stocks in the stock market with a market value of more than 100 million yuan at the end of 3 showed that the average stock loss per share reached 500 million yuan.

Therefore, when the market is down, the overall performance of the gem stock market is weaker, and the fund's heavy holdings are not a "safe symbol" for ordinary investors.

It is worth noting that if only the fund's stock market value itself changes, when the market is down, the fund will reduce its own loss to a certain extent through different allocation strategies.

Statistics show that in the comparable 196 GEM stocks, the total value of the fund's shareholding at the end of 3 is 25 billion 847 million yuan, which has lost about 2 billion 162 million yuan since April and the loss rate is 8.37%, which is slightly better than the gem composite index which fell 10.16% in the same period.