China'S Hydropower Rise Ended &Nbsp; Trump Brokerages Were Suspected Of Manipulating Stock Prices.

"Buy hydropower in China and rush to the hospital," he said.

After the first day of convoy, China's hydropower (601669) returned to its original form yesterday, closing at 4.86 yuan, down 7.78%.

However, water and electricity in China are obtained.

First day of agency escort next day

Without the escort of the agency, China's hydropower industry will be exposed for second days after its listing.

On the first day of the first change in China's hydropower industry, it rose to a temporary stop. Yesterday morning, it appeared profit taking, opening up at a rate of 3.4%, and going down all the way, eventually collecting 4.86 yuan, and the whole world dropped nearly 8%.

In fact, the two days of hydropower in China made investors nervous. The first day of the listing of the stock market made everyone lose their eyes.

On the 18 day, on the first day of China's hydropower listing, the stock temporarily hit the warning line in unexpected territory and temporarily stopped. The closing times closed 5.27 yuan, up 17%.

But before the listing, brokerage analysts generally agreed that this large share market could not escape the fate of falling, and investors were cursing China's hydropower breakup.

Moreover, before the listing, China's hydropower has already shrunk the issue scale automatically.

Public information shows that in the process of IPO, China's hydropower industry has voluntarily reduced the size of its issuance from 3 billion 500 million shares to 3 billion shares, and at the same time, the issue price has been set at 4.5 yuan.

Obviously, no one will expect the rise of China's hydropower listing on the first day.

The reporter consulted the two day seat change of hydropower in China.

Judging from the details of the pactions disclosed by the Shanghai Stock Exchange, the first day of China's hydropower listing rose largely from the pursuit of institutional funds.

Of the top five buying seats, two came from institutions, and the momentum of buying was much stronger than that of selling.

In China's hydropower seats, the first seat to buy is the organization, the amount of purchase is 309 million yuan.

Compared to buying seats, the chief who sold the day also had only 42 million 30 thousand yuan to sell the funds.

On the second day after the listing, the situation reversed.

In this part of the seats, some of them are still coming in quickly.

Reporters found that galaxy securities Xiamen Mei Lake Road, Xiangcai securities Hangzhou teachers road is the first day to buy, second days to sell, and the two seats sold are higher than the purchase amount, indicating that this part of the hot money may have escaped.

Although China's hydropower industry experienced a sharp drop yesterday, many agencies chose to set up positions. Of the top five seats, two came from the organization, and the other one was founder's (601901) company headquarters.

In addition, we can see that the turnover rate of Chinese hydropower in the two days of trading is also increasing.

On the first day of the listing, the turnover rate of the stock was as high as 94%.

Yesterday's intraday differences also highlighted the turnover rate of more than 49%, ranking two in yesterday's stock market turnover of second.

Guotai Junan suspected violation

The first day of the Chinese hydropower listing show is closely related to the strong efforts and popularity of many institutions.

Reporters also found that in the stock purchase process, many agencies not only give high pricing, but also actively participate in the stock purchase.

The reporter consulted the purchase of hydropower in China, and Guotai Junan was allocated 286 million shares, the largest number of all purchasing agencies.

In addition, according to information statistics, social security funds, Huaxia Fund, Haitong Securities (600837), Ping An Securities and other institutions were also successfully allocated, and the number of matching households was 90.

In this part of the organization, Guotai Junan is not only allocated the largest number, but also the highest price for China's hydropower.

According to Guotai Junan's IPO pricing analysis report on China's hydropower industry, "2011-2013 years EPS is expected to be 0.37, 0.49, and 0.60 yuan, and the 11 year earnings ratio is 13-16 times, corresponding to the price range of 4.81-5.92 yuan, considering the 15% increase in the first day of listing, and the first day's price range is 5.53-6.80 yuan."

According to Guotai Junan's point of view, water conservancy and hydropower policy support is stronger than before. According to document 1, the average investment in water conservancy in the next 10 years is twice as high as that in 2010, that is, annual average of 400 billion. In 12th Five-Year, the plan for electricity development is clear and priority is given to hydropower development. It is estimated that the installed capacity of new hydropower will be increased by 70 million kilowatts in 12th Five-Year, and the installed capacity of 120 million kilowatts will be increased in the next ten years.

The technical barriers to water conservancy and hydropower projects are relatively high, and the company as a leading enterprise has been greatly benefited.

Considering the lag of policy, it is expected that it will be reflected in the second half of the year.

However, the market performance of China's hydropower listed in the two days is not as optimistic as that of the institution. At least, the performance of the stock yesterday shows that investors are still divided on the giant IPO.

As for Guotai Junan and other institutions, "Wang Po selling melon" behavior has been questioned by many people in the industry.

A researcher who wrote a Chinese hydropower project said that the dual identity of the inquiry agencies and the matching agencies would hardly make the organization "independent" and it was difficult to escape the suspicion of stock price manipulation.

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On the first day, after nearly 94% of the daily turnover, China's hydropower (601669, closing price 4.86 yuan) reached 49.26% yesterday, exceeding the turnover date of all the Shanghai Stock Exchange on the first day after September 9th.

Its closing time fell 7.78%, and intraday close to the limit.

1 billion 500 million, capital is floating.

Yesterday, China's hydropower industry opened at a low level of over 3%, and the whole day remained in a slump. The highest price of effective trading in early trading was around 5.12 yuan, and once dropped to 4.75 yuan after opening in the afternoon, it hit a limit of 4.75 cents. After that, buying began to counterattack, but it eventually fell 7.78%, traded 3 billion 660 million yuan, and the turnover rate reached 49.26%. This turnover rate surpassed the first hand turnover rate of all Shanghai Stock Exchange boards listed after September 9th.

However, although China's hydropower yesterday's trading is still hot, some of the funds coming into the market on the first day of listing have seen a larger book loss.

According to the statistics of reporters, the highest paction price of China's hydropower market yesterday was 5.12 yuan, and it was difficult to get rid of about 1 billion 500 million yuan of funds after entering the market on the first day of 10:37.

And the first day in the upper 6 yuan intervention funds, book loss has reached 19%.

It is worth noting that galaxy capital Xiamen Mei Lake Road business department has been sitting in the body of the "sedan chair" whole body retreat.

Trading data showed that the seat bought a huge sum of money on the first day to buy 227 million yuan, and yesterday sold 234 million yuan, the profit has exceeded 7 million yuan.

Huaxi Securities analyst Cao Xuefeng told the "daily economic news" reporter, from the comprehensive valuation of the industry, China's hydropower follow-up space or limited, the main pressure is 3 months later, the offline agencies get the lifting of the rights issue, therefore, the short line quilts still have the opportunity to rebound after the high position.

Super large stock financing peak has not yet passed.

It is worth noting that since the opening of the first break of the first day of the new stock market in September 9th (002614, closing price 37.31 yuan), 3 of the new shares listed on the Shanghai stock market were broken up before the launch of China's hydropower market. The first day's rise in China's hydropower industry broke the haze of the first day of the Shanghai Stock Exchange's IPO.

However, investors may be able to frown when they read the following string of IPO financing figures: after China's hydropower industry, the large cap stocks and the Sino Shaanxi stock market that are about to be offered will be sold, and at the same time, the market rumors say that the super large share market such as Xinhua life is about to start the process. The above 3 large cap stocks are over 55 billion yuan in financing scale.

Yin Fan, head of the daily economic news reporter, said that the first day of China's hydropower craziness was a normal reaction to the consensus expectations of the market, because too many people thought it was going to break, so the result was the opposite.

Follow up new stock market will continue to raise funds, so now we must remain cautious in fighting new and new speculation.

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The first day of China's hydropower industry rises, and the next day falls sharply.

China's hydropower (601669) landed on the Shanghai stock market on Wednesday, and the stock price fluctuated widely in the past two days.

Following a 17% rise in the first day of the listing, China's hydropower yesterday closed down 7.78% and traded 49% all day yesterday.

Comments: as China's largest water conservancy and hydropower construction enterprise, China Hydropower on Wednesday landed in Shanghai stock market.

Considering that the world and China enter the stage of comprehensive development of water resources, water conservancy construction has entered the golden age. China's hydropower is a world-class water conservancy leader, and will fully benefit from it.

However, because it is the largest IPO project in the year and the overall market is still weak, China's hydropower is not optimistic about the market before being listed.

As early as the subscription, the company encountered investors' "vote by foot", only 1.75 times the subscription under the net, and the success rate reached 9.695% on the Internet, setting the highest success rate for new shares in the past 3 months.

Many market participants have speculated that the possibility of breaking the company on the first day of listing is greater.

However, the stock rose unexpectedly on the first day of listing, the largest gain in the session rose more than 38%, closing up 17%, turnover 93.96%.

Because China's hydropower performance is far ahead of expectations, and the turnover rate is too high, the market is worried that its market performance may not be satisfactory.

There was no mistake in the market.

Sure enough, yesterday, the stock did not undertake the strength of the previous day, but instead of going low, the biggest drop was close to the limit, closing down 7.78%, the turnover rate of 49%, still maintained a high level.

Publicly traded information shows that the organization is an important force in China's hydropower for nearly two days, and active hot money is also actively involved.

On the first day of listing, there were two agencies buying together 420 million yuan, Galaxy Securities Xiamen Mei Lake Road Sales Department, Xiangcai securities Hangzhou teaching and business Road business department two active hot seat and CITIC Securities customer asset management department also heavily intervened.

Yesterday, although the unit was going down and down all day, there were two agencies buying and buying three seats respectively, and jointly buying 123 million yuan. In addition, Founder Securities headquarters and Foshan evergreen Securities Sales Department of Hangzhou Green Road and CITIC golden securities Hangzhou Yanan Road business department also absorbed in the bargain.

And on the first day, buying 227 million yuan Galaxy Securities Xiamen Mei Lake Road Sales Department sold 234 million yuan.

Xiangcai securities Hangzhou teaching and business Road business department and an institutional seat also has some reduction behavior.

On the whole, institutions are still buying net.

In view of the obvious signs of institutional maintenance, and its absolute share price is not too high, aggressive investors can be cautious and cautious.