Stock Index Hit Another 31 Month Low &Nbsp; A Share Market Value Evaporated 3 Trillion And 690 Billion

Shanghai and Shenzhen

Yesterday, the Shanghai Composite Index fell third consecutive days, the lowest intraday to 2315.90 points, not only below the Huijin holdings of the four largest banks.

Net outflow of billions of dollars

Investors have just experienced the joy of last week's rebound, A shares this week.

The focus of the A share market continued to move downward yesterday. After the Shenzhen Stock Exchange Index fell below the 10000 mark mark in the early morning, the Shanghai composite index was also unwilling to be lonely in the afternoon. The Shanghai Composite Index hit a new low of 2315 points in the past 31 months.

In the end, the Shanghai Composite Index closed at 2331.37 points, down 1.94%, the lowest level since March 25, 2009's closing at 2291.55.

Shenzhen stock index closed at 9796.23 points, down 3.06%, the first time since July 19, 2010 to close below ten thousand points.

The total turnover of the two cities was 110 billion 700 million yuan, up nearly 10% from the previous trading day.

"Yi Meng trader hand software" monitoring data show that two cities total outflow of funds 10 billion 520 million yuan.

Along with the sharp decline in stock index, Shanghai and Shenzhen two stocks fell, and only 168 stocks rose.

Without calculating ST stocks and non share reform stocks, only 1 stocks in two cities were trading on a daily basis, and 10 stocks were down.

Analysts said that the liquidity risk of IPO (initial public offering) and the uncertainty of overseas factors will further reduce the market in the next few trading days.

The Shanghai stock index is expected to have the first support point at 2300.

"It is not possible to exclude the possibility that the Shanghai Composite Index will test 2300 points in the next few days, because there is no encouraging good news to reverse the recent downward trend."

Jinyuan securities analyst Wu Yu said.

"Bank shares have been performing well in the past few days, but on Thursday, CCB and other share prices plummeted and hit the market confidence."

Pacific Securities analyst Zhou Yu's point of view is that after the market hit a new low, the late fall narrowed, from the technical perspective, the downward trend of the late market is not large.

It should be noted that today will be the delivery date of the 1110 contract of the stock index futures. Although the main contract has been completed for the month, but as of yesterday's close, there are still 4866 handheld warehouses in the 1110 contract. We need to pay attention to the fluctuation of the index that investors may cause in the closing of the contract.

Market value increased by 17 trillion and 580 billion in ten years

The A share index has returned to its origin in the past ten years and let domestic investors sigh.

As a hot investment target in recent years, the price of gold has gone up sharply in the past 10 years. At the end of the three quarter of 2001, London gold futures price was quoted at 289.50 US dollars / ounce, according to the current price of about 1600 US dollars / ounce, the cumulative increase of 450% in the ten years.

And the increase in stock index is not the same as the increase in housing prices.

According to the data center of China Index Research Institute, the average price of commercial housing in 2001 was 3658 yuan, while the average price in 2010 has reached 14213 yuan, or 288.55%, and the increase in the first tier cities is far beyond that data.

Moutai has also achieved a huge increase in the past ten years. The retail price of Moutai wine is more than 1800 yuan / bottle, and the price of Moutai wine is 200 yuan and a bottle ten years ago. The increase in the ten years is also seven or eight times higher.

However, the stock index's hesitation did not affect the large-scale expansion of the market. Wind statistics show that in June 14, 2001, the Shanghai Composite Index saw 2225.44 points, the market value of A shares was 1 trillion and 630 billion yuan, and the total market capitalization of A shares was 5 trillion and 190 billion yuan; in October 20, 2011, the Shanghai composite index was low at 2315.90 points, the A share circulation market value was 17 trillion and 230 billion yuan, the A stock market value was 22 trillion and 770 billion yuan, and ten years increased 17 trillion and 580 billion yuan, an increase of 338.73%.

Among them, in the past ten years, 1284 listed companies listed contributed 15 trillion and 400 billion yuan of market value, accounting for 70% of the total market value.

Statistics show that the above 1200 companies have raised 1 trillion and 840 billion yuan from China's stock market. Not only that, but also the issuance and rights issue of listed companies also raise a lot of money from investors.

In 2001, the total investment volume of the Shanghai and Shenzhen two cities was only a little over 100 billion yuan. By 2010, the total amount of capital raising has approached 1 trillion yuan mark, and the total annual fund raising has increased 9 times.

Over the past ten years, including the issuance of new shares, refinancing, etc., the total number of listed companies from the Shanghai and Shenzhen two cities to raise nearly 4 trillion yuan.

The number of shareholders also increased significantly in ten years. In 2001, the number of A shares accounts for less than 65 million, and by the end of 2011, the total number of A shares accounts for more than 163 million households at the end of 9.

But the stock index, which reflects the average yield of the stock market, is unchanged from ten years ago.