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Gem Market Value Evaporated 32 Billion 700 Million Yuan

2011/1/22 11:17:00 72

Gem Market Value Evaporated 32 Billion 700 Million Yuan

Under the pressure of monetary tightening policy, the adjustment of the A share market has deepened again this week.

Gem index weekly decline of 4.02%.

shares

The total market value has shrunk by 32 billion 697 million yuan, which has been a fifth week decline in the growth enterprise market.


The index fell more than 200 points in 5 weeks


From the performance of the main index, Shanghai Composite Index fell 2.72% this week, Shenzhen index fell 5.32%, and Shanghai and Shenzhen 300 index.

Fall

3.51%, the SME board index decreased by 4.77%.

Gem

The composite index dropped by 4.02%.

The obvious difference between the index performance reveals the structural characteristics of the market at present. Under the situation that the heavyweight stocks are not moving forward, the small stocks that have been stronger in the early days have been callback, and the deep valuations of the stock market have been hit hard.


For the growth enterprise market, this winter is really tough. Since the 1239.60 highest point in December 20, 2010, the gem index has been falling all the way, and now it has dropped for 5 consecutive weeks. This has never happened since the launch of the gem index.

The downturn in the growth enterprise market is not only reflected in the January 17th decline far more than the motherboard, even in January 21st, when the market bottomed out, the gem index rose only 0.40%, or more or less, reflecting the weakness of the plate.

As of Friday, the gem index closed at 1024.51 points, a difference of 215 points from the previous high, and has fallen back to its level in October 22nd last year, which is still not far from the 1000 point mark.


After this week's fall, as of January 21st, the average price earnings ratio of the 163 GEM stocks was 63.28 times, compared with the valuation of nearly 80 times in December last year.

But from the data point of view, the gem price earnings ratio is still far higher than the Shenzhen board 26.05 times the level.


Market value evaporated 32 billion 700 million yuan


After this week's fall, the stock price of GEM has shrunk.

Statistics show that as of January 21st closing, 163 gem stock market capitalization amounted to 694 billion 81 million yuan, compared with January 14th reduced by 32 billion 697 million yuan.


Since 2011, the liquidity pressure of the A share market has become more and more prominent. While the main board market is shrinking, there has been frequent breakage of high frequent new shares, as well as the continuous callback of small and medium sized boards and gem, and the high valuation pressure of small cap stocks has become increasingly prominent.

Statistics show that the total turnover of gem is 26 billion 545 million yuan, and the turnover volume is reduced by 12.24%.

It is noteworthy that the scale of the gem has reached a new low since October 2010, and the enthusiasm of the speculation funds has weakened the growth of the gem.


From the performance of individual stocks, 163 GEM stocks, 141 stocks fell, accounting for 86.50%, showing a trend of stocks fell.


Huaxing venture (300025, stock bar) is the biggest stock losing week this week, reaching 15.22%, of which, on Monday, Thursday and Friday, there was a sharp drop in a low jump.

In addition, century Riel (300150, stock bar), competition for intelligence (300044, stock bar) and other stocks fell more than 14%.

The Hon Kang frequency conversion (300048, stock bar), which intends to introduce the high conversion scheme, is the only stock with a weekly gain of more than 10%, up by 10.41%.


Market participants said that the performance of the growth enterprise market mainly depends on the support of capital and the promotion of volume. Under the overall callback of the A share market, the pressure of high valuation will push the growth enterprise market to gradually return to value.

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