IPO Gate Is Approaching, Aggravating Market Weakness, The Gem Has Fallen More Than 3%.

Here world clothing shoes The Xiaobian of the hat net introduced to everyone is the financial real estate support plate, the GEM board once dropped more than 3%.

On Tuesday (April 22nd), the Shanghai and Shenzhen two cities opened up mixed ups and downs. Under the pressure of the downside of the theme and the weight, the two cities' stock index went down, and the gem index was over 3%. Late plate banks, real estate, non silver finance, transportation and other small plates suddenly force to promote the Shanghai stock index and Shenzhen Branch index rose red, the gem refers to narrowing the decline.

At the close, the Shanghai stock index reported 2072.83 points, up 0.34%; the Shenzhen composite index was 7391.22 points, up 0.51%; the SME board reported 4726.44 points, down 0.56%, and the gem index reported 1336.19 points, down 2.03%.

The turnover of Shanghai stock market was 82 billion 468 million yuan, the turnover of Shenzhen stock market was 91 billion 581 million yuan, and the total turnover of two cities was 174 billion 49 million yuan, which was slightly smaller than that of 175 billion 455 million yuan of the previous trading day.

According to Wind information data, the banking sector rose 1.85%, the real estate sector closed up 1.01%, the non silver financial sector closed up 0.77%, transportation, Commercial trade Defense and defense industry rose slightly, the rest of the plate fell, electrical equipment, electronics, computers, integrated, medical and biological decline and so on more than 1%.

As at 21:30 on April 21st, the official website of the SFC announced a draft prospectus for 18 enterprises. There are 5 of the 18 companies on GEM, and 8 of them will be listed on the SME board. Among them, the more famous companies include Wanda cinema line and so on. 5 listed companies will be listed on the Shanghai Stock Exchange, such as Huaan securities and Shanghai.

Zhao Huan, senior investment adviser of Guotai Junan, said in an interview with reporters that as the IPO floodgates approached, whether the index dropped or the main funds fled on a large scale meant that the market weakness intensified. Subject matter, Beijing, Tianjin, Xinjiang and other regional hype, the FTA hype randomness is strong, the money making effect is very poor, gambling concept main capital involvement is deeper, the desire to protect the market is strong, but at present the market atmosphere is poor, high chips are likely to loose. In particular, the gem refers to the technology of the form of a fall. Investors must guard against the risk of sudden plunge in stocks.

"For the current decline in the broader market, we discussed more IPO restart, but the impact of IPO is more psychological, and has little negative impact on the capital side, which is completely different from that in January." Huang Cendong, a strategist at the wealth management center of the state securities company, put forward different views when interviewed by Caixin.

Huang Cendong believes that in January, there was a demand peak for spring festival capital on the capital side, and the short end interest rate has been kept at a low level. In fact, it shows that funds are hoarding on the product tools of every money market under 6 months. Therefore, in the short end of the fund is abundant, the restart of IPO has little negative impact on the capital side.

Huang Cendong told Caixin reporter, the other two signals are also worthy of our attention. We can see it as the promoter of the big market decline.

According to Huang Cendong's analysis, first, the high-frequency data of some industrial products prices once again turned to a downward trend. The cement price that has continued to rise has declined slightly (mainly due to the decline of cement prices in central and southern China, and has been leveled in East China and North China), while the normal peak season cement prices should continue to rise for more than 2 months. The price of rebar continuously rising around the same period has also dropped, while the normal peak season price rise time should be more than 1 and a half months. The electricity generation in March was 6.2% compared to the same period last year, and the electricity output in early April dropped to 3.3% compared to the same period last year.

The two is on non-standard monitoring. Recently, the CBRC issued a document No. 11 to regulate the non-standard businesses of rural small and medium-sized financial institutions. It is expected that the non-standard regulation of all banks will be announced soon. "We believe that this will lead to a short-term rise in risk premiums. These two factors are also not conducive to short-term market." Huang Cendong said.

Huang Cendong said that there is no more to say about gem. We found that last year's gem and risk-free interest rates were very similar and highly positively correlated. At present, the risk-free interest rate is going down, so the downside probability of gem is larger.

Tuesday Asia Pacific equity market Most fell, and as of Caixin reporters, the Nikkei index was 14388.77 points, down 123.61 points, or 0.85%; the Korea composite index was 2004.22 points, up 5 points, or 0.25%; and the Hang Seng Index of Hongkong was 22710.08 points, down 50.16 points, or 0.22%.