GEM second trading day the stock plummeted nearly 90%
Boom, crash; big l, the callback. November 2 after the opening of China’s Growth Enterprise Market of the second trading day, with the first day of the stir-fry all been different, the vast majority of the first batch of 28 stocks suffered the fate of collapse can be described.
2, morning call auction, 28 GEM stocks except Yoshimine farm, the remaining 27 stocks all the lower limit. Although the rapid upside Jifeng Agricultural washed daily limit after the opening bell, once the situation has changed, the other 27 stocks have turned up, but “did not last long,” especially to the afternoon, the two cities board hot, but the GEM has contrarian Pudie .
Close to 2, the GEM, in addition to Yoshimine agricultural limit-up 3.53% bio-Coe, Nam Fung shares close flat, the other 25 GEM stocks suffered from more than 6% of the fall, of which 20 stocks were hit in the fall stop price.
A 2-day closing price and the highest point of the first day of listing compared to the majority of the GEM stock prices fell more than 3 into the Han Wei electronic three stocks fall into more than 4 to intervene in the first day of sensation in the book who suffered serious losses .
While the general price fall, but on the 2nd GEM stock trading is still very active, the majority of more than three into the turnover, some of them more than 5 into; GEM Although the date of turnover in the first day significantly reduced compared with 64.67 %, still high to reach 7.74 billion yuan, equivalent to 297 medium and small plates the day the stock traded about 30% of the total.
GEM 2, although the performance is weak, but the Shanghai and Shenzhen stock markets has Dikaigaozou, strong upstream, the Shanghai Composite recovered 3,000-point psychological barrier, Shenzhengchengzhi appeared more than 3% gain.
Some analysts believe that, in the case of hot board Quotes GEM has gone against the tide and the line, indicating higher risk funds to accelerate from the GEM to withdraw back to the Main Board.
Market analysis, for the first GEM’s hype heat rapidly at low tide, has many causes. One of the most critical reason is the issue and the first day of high-priced hype, so that the GEM IPO valuation of a major departure from the normal range.
“2, GEM stocks plunge, quite normal, get rid of the first day of sensation in the bubble caused by excessive beneficial to the healthy growth of GEM.” Zuo Xiaolei, chief economist at Galaxy Securities, said.
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