What Do Millions Of Investors Say About Running?

According to the latest figures released by China settlement, the number of new A shares increased to 1 million 138 thousand and 500 last week, a 57.95% increase over the previous month, exceeding the peak of 891 thousand and 300 households in December last year.

At the same time, since March this year, the new account opening of the A share market has shown a continuous upward trend.

Among them, the number of accounts for 661 thousand and 900 households, 720 thousand and 800 households and 1 million 138 thousand and 500 households recorded in the first three weeks of this month is estimated to be close to 4 million households' accounts opening month.

Then, what will be the implication of the accelerated surge in the number of new A shares?

In fact, the change in the number of new accounts in the market can be used as a good basis for judging the market's high level.

Looking back on the data in recent ten years, in fact, new data are added.

To a certain extent, the degree of change reflects the enthusiasm of market participation.

For example, at the beginning of 2007, the number of new accounts in the A share market began to show obvious signs of acceleration.

Since August 2007, the number of new accounts in the A share market has continued to be crazy.

According to statistics, between August 2007 and October, the number of new accounts in the A share market reached 8 million 924 thousand and 200, 7 million 260 thousand and 5 million 900 thousand respectively.

At the same time, it was just formed.

The historical top.

In addition, after August 2009, the number of new accounts in the A share market also showed significant changes.

Before the market reached the top 3478, the number of new accounts in the market also reached a high level in the same period.

Nowadays, as millions of investors enter the market, the market seems to experience some symptoms at the top.

It is worth noting that in the market, the number of new accounts is increasing, and some data in the two tier market have begun to be noticed by the old shareholders.

Among them, the gradual elimination of low price shares is one of the typical characteristics of the current market.

With the "2 yuan share" being eliminated by the market, the current "3 yuan shares" is only left by the Agricultural Bank of Hong Kong.

At the same time, the number of "4 yuan shares" in the market has also shrunk considerably.

For now, according to statistics from some institutions, the average stock price in Shanghai has reached 10.09 yuan, while the average stock price in Shenzhen stock market is as high as 13.38 yuan.

However, in the same period last year, the average share price in the Shanghai and Shenzhen stock markets was only between 6-8 yuan.

Besides, 300 yuan.

Reappearance.

Around October 2007, Chinese ships shocked the market at a high price of 300 yuan.

However, the good scenery of Chinese ships is not long. In the following year, the market value of Chinese ships has shrunk by 10 times, and the share price has entered a long bear road.

Nowadays, with the emergence of the 320 yuan share price of the all through education, the $300 high price spell has once again attracted the attention of the market.

At the same time, it should be noted that at present, two cities have more than 100 yuan of high priced stocks up to 32.

At this point, under the environment of low price stocks vanishing and frequent high priced stocks, it also brings worries to the current market.

In addition, the overall market P / E ratio of the current market has increased significantly compared with the past, and the valuation advantage of the market no longer exists.

Among them, as of now, the average price earnings ratio of A shares is 21 times, that of Shanghai stock market is 16 times, and that of Shenzhen stock market is 30 times.

However, the average price earnings ratio of the gem has reached 92 times, which is only one step away from the hundredfold price earnings ratio.

At the same time, the premium rate of A shares is higher than that of H-share, from 20% to more than 35%, and the valuation advantage of A share market has obviously declined.

However, I believe that China's stock market is still mainly driven by capital.

Just because of the continuous replenish of foreign capital, the market has also brought great impetus to the market.

Obviously, for the time being, it is not effective to judge the future direction of the market by means of fundamentals and growth indicators. A continuous flow of new liquidity supplement is the core driving force to support the current market growth.

Of course, this is also built on the backdrop of the gradual warming of the policy environment.

However, we need to be vigilant that the market is basically at a stage of "phase", and that the rapid growth or rapid shrinkage of wealth may also be instantaneous.

Therefore, in this environment, the timid person enters cautiously, the bold person also needs to measure his risk bearing ability constantly.