Daily data tracking
Three major indexes: the Shanghai index fell 0.53%, the Shenzhen composite index fell 0.50% and the gem index fell 0.05%
Shenwanyi sector: computer, national defense and military industry and communication sector rose; non ferrous metals, building materials and household appliances sector retreated
Concept sector: the concept of connecting board, playing board and digital currency rose: the concept of rare earth, automobile, large infrastructure and central enterprises callback
Transaction and northbound capital: the transaction between the two cities was about 1141.1 billion yuan, a decrease compared with the previous trading day, and the net inflow of northbound capital was about 6.026 billion yuan
Hot spot tracking: Comments on the market of Beijing stock exchange
On December 13, the Beijing stock exchange ushered in the 30% limit for the first individual stock. In fact, on November 22, the largest increase in Jilin Carbon valley was 28.65%, and the increase at the close was 28.14%, which was close to the limit. The biggest highlight of the trading system of the Beijing stock exchange is the 30% rise and fall range. It is the most relaxed plate in the A-share market at present, which improves the overall price discovery efficiency of a shares. At the same time, the investor appropriateness rules are consistent with the science and innovation board, which is expected to usher in more investor participation. We believe that with the gradual admission of incremental funds of the Beijing stock exchange, the subsequent market activity will gradually increase, and it is expected that more high-quality individual stocks will rise in the future.
Since the opening of the Beijing stock exchange, individual stocks have risen less and fallen more. Mainly because the shares of the Beijing stock exchange were traded in the secondary market before the opening of the market, there was a large increase after the announcement of the establishment of the Beijing stock exchange. After the opening of the Beijing stock exchange, some profit-making funds chose to sell, resulting in increased market volatility. But let's lengthen the time. From the announcement of the establishment of the Beijing stock exchange to Monday, the average rise and fall of the stock range of the Beijing stock exchange was 36.88%, with a median of 23.75%, while the average rise and fall of the science and innovation board in the same period was 1.88%, with a median of - 2.96%, and the average rise and fall of the gem was 6.55%, with a median of 1.24%. In other words, after the announcement of the establishment of the Beijing stock exchange, the relevant stocks rose even more. Specifically, the first week of the opening of the Beijing stock exchange performed well. The average increase of ten new shares in the first week was 99.68%, the average turnover was 822 million yuan, and the average turnover rate was 133.73%. The old shares were relatively depressed: with the gradual rationalization of investor sentiment, the activity of the Beijing stock exchange decreased after the first week, but the overall level was still better than that before the opening of the market, It reflects the positive role of the establishment of the Beijing stock exchange in improving the liquidity of relevant stocks.
Most of the enterprises of Beijing stock exchange are in the industrial and information technology industries, with strong profitability, relatively low valuation, high R & D intensity and an overall upward trend. Compared with the science and innovation board and the gem, the enterprise valuation of the Beijing stock exchange is relatively low and has strong profitability. The overall performance growth of the third quarterly report is significantly higher than that of the gem and the main board, but lower than that of the science and Innovation Board: the R & D intensity is high and shows an upward trend as a whole, and the emphasis on R & D is increasing.
In the long run, under the triple resonance of incremental capital admission, gradual improvement of policies and expansion of market scale, Beijing stock exchange hopes to usher in the valuation repair market. It is suggested to pay attention to the targets of specialized new concepts and some high growth undervalued enterprises. At the same time, Beijing stock exchange does not need the market value requirements of stock positions, and there are no clear restrictions on offline purchase and sale rules, Investors can pay due attention to the new participation opportunities of the Beijing stock exchange.
Risk tip: the stock market is risky and investment should be cautious
