A significant slowdown in the IPO in June or a signal of market judgment

Analysts pointed out that the pace of new shares issued to a certain extent indicates that the relevant parties to the market judgment ⊙ reporter Huan Zhang 0 editor Yu Yong Zhu Shaoyong source data show that, since entering the June, the new stock issuance rhythm has a significant slowing trend, while the issue price and the issuance of P/E ratio to a certain extent decline. Analysts say AgBank is on the move, slowing the pace of new offerings or "pampering" the expectations of easing market funding.　　In addition, the current issue of P/E and IPO price has been at a low point since the reform of the new issue, indicating that the market has gradually approached the bottom of the region. June IPO raised a new low in the first half even if the June 30 will issue 4 new shares, June IPO number is only 23, starting raise funds of about 21 billion yuan, far below the first half of the average level.　　The first half of the data is: the monthly average number of new issuers 29, the mean start raise capital of 35.5 billion yuan. In addition, the data also revealed a very interesting phenomenon, that is, the monthly start of the total amount of money presented "inverted n" type arrangement. Among them, the total amount raised in January was the highest in the first half, to 53.8 billion yuan.　　2, 32 months after the total amount of funds raised in the 30 billion yuan, April after the total amount of capital began to rise, May is reached 43.9 billion yuan in the second half a year, but this month to a new low of 21 billion yuan. Analysts pointed out that, in addition to the super large-cap stocks, the pace of new shares issued to a certain extent indicates the relevant parties to the market judgment.　　Combined with the market trend this year, the early January and mid-April market appeared in the first half of the two highs, taking into account the issuance of new shares and the official listing on the exchange often have a certain lag, which explains the January and May, the number of fund-raising and distribution of the peak of the reason. "In the present market, the amount of land price, the relevant parties to slow down the pace of new issue is also understandable." Analysts said, "especially in view of the next Agricultural bank will be listed, the already not well-off market funds face again, slowing down the pace of new issue is to care for the market, but also the relevant parties to a number of stability measures in one of the steps." "In addition, the data show that from April 28 Shaanxi Drum Power Market, after two months, the market is ushered in the new motherboard stock issued in Tangshan port." Analysts said that, as the new Board of Auditors in early May just set up, according to past practice, the new Commission before and after the establishment of a phased release of the situation.　　In addition, in the current market environment, it is not a blue chip listed in the favorable conditions, which is also the main reason for the issue of the board. The jump in the ratings showed that the market downturn data also showed a double drop in June and the issuance of a P/E price. According to the listing of June new shares, the average price is 27.26 yuan, the issue of 51.18 times times earnings, below the first half of the 31.55 Yuan and 58.15 times times the average level. At the same time, the online rate of IPO in June has climbed sharply, up to 1.29%, higher thanThe average level of the year 0.92% was much higher than the average of 0.55% last year. Analysts pointed out that the issue price, the issuance of P/E is often a significant positive correlation with the market trend, especially reflects institutional investors on the current market view.　　At a time when the market is in good shape, the inquiry agency is willing to quote a higher price, so that the final offer and issue ratio are much higher than the bear market average. "and online success rate shows the market sentiment of small and medium-sized investors, especially since the reform of new shares, the myth has been broken, investors began to face the risk of new shares break, in the market is not optimistic, the small and medium investors to reduce the rate of success will naturally rise."　　"Analysts say. But analysts also point out that, from the current issue price, the issuance of P/E and online check rate three indicators, market sentiment is close to the historical trough, from one side shows that the current market is close to the bottom of the region. Value investors can choose to gradually enter the positions, like "dozen new" investors can also take advantage of the current good time, the best to purchase shares.