IPO Intensive Purchase Disturbance Market

August 27th, A shares

Reversing the downtrend of the previous trading day to achieve a moderate rise, the Shanghai Composite Index held the 2200 point mark.

The volume of the two cities is at a high level, and the characteristics of funds preparing for the first level market are obvious. In the short term, the downward pressure of A shares is increasing.

On the capital side, the total amount of frozen shares of the 9 new shares issued online and under the Internet in July 23rd and 24 were over 600 billion yuan.

According to the original plan, since the end of August, 11 new shares will be issued, including 5 new stocks on the main board, 1 small and medium-sized board stocks and 5 new GEM stocks.

However, due to the announcement of energy saving wind power and Hua Mao technology announcements that the online purchase will be postponed, the number of new shares purchased this week will be reduced to 8.

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The price of new shares has been raised, but the new enthusiasm is expected to be weakened, and the size of the circulation is larger. The expected freezing fund will be 800 billion yuan to 900 billion yuan, which may bring a certain impact on the market liquidity.

Shenyin Wanguo analyst Li Xiaoxuan said.

Near the end of this month, the market funds face many tests.

In addition to the centralized purchase of new shares, the open market has a total of 65 billion yuan in repo this week.

But on Tuesday (August 26th), the central bank reduced the size of the open market repurchase, and only withdrew 10 billion yuan of funds.

At present, a large number of IPO listing will bring pressure to A shares for a long time.

According to the latest data released by the China Securities Regulatory Commission, as of August 21st, the number of enterprises with normal audit status of IPO has reached 128.

32 of them have passed the trial committee.

It is believed that the market has gradually improved after experiencing a large systemic risk release, but confidence is still insufficient, and there is still no sustained power in the upward trend, or the interval oscillation pattern will be maintained for a long time.