Behind the new stock recovery: first-tier market investors more mature

Panoramic Network February 22 before the time, the new stock market performance is poor, as the temperature plays down the climate generally, people feel more coolness. After the Spring Festival, a A-share market rebound, the overall recovery of the new shares break the zero-level ice, profit-making effect in the first day of the plate.　　Through the Panorama Network survey shows that investors for a a-share rebound caused a recovery in the market recognition, but after a large area of the broken mmmm swept, hit the new people in the choice of returning to the time is clearly more rational. The new stock market follows the variation of the two-level market gradually rational the February 15 listing of 5 gem new shares, have achieved more than 20% of the first day of increase. Teng Bang, the largest international increase, than the price of 21.9 Yuan Rose 46.71%, the smallest rise in the CNOOC also rose 24%. This is an excellent opportunity to make money for investors who hit the IPO.　　The average annual rate of five new shares was measured to be as high as 55.54%, hitting a recent record. A warmer market will have a positive effect on the first-tier markets.　　For the new stock market warmer, the main reason is whether from the market to the force, if it is, this secondary market led to a stronger market phenomenon, exactly what? Panoramic Network survey results show that the new share market, 78.85% investors due to the rebound, investment sentiment turned good. Reflects the investors in the beginning to play new, but also began to seriously perceive the atmosphere of the market, which with investors in the stage ups and downs, or cattle bear the evolution of the two-level market investment decision indistinguishable, the overall market environment is the key to determine the success of investment, the new stock market is no exception,　　This phenomenon also confirms that the new myth is no longer revered by investors, the era has ended, the new stock market following the two-level market variation has become more rational, investors play not blindly. Broken mmmm to push up the price of the issue of cooling accompanied by a recovery in the first market, another phenomenon is also worthy of investors gratified, that is the lower price/earnings ratio of the new shares, the release of high prices.　　Panoramic Network survey results show that most investors think this is the first day of the IPO on the first day of the rough caused.　　So what should we think about the mmmm of new shares that emerged this January? The IPO pricing is only part of the investment reference, and investors mostly value expectations.　　On the one hand, the new players gradually mature, began to value the market environment when the enterprise listed, on the other hand, investors will combine the actual situation to the stock valuation, which and the IPO after the first day of performance are related. Last November, after the reform of the IPO, the myth of "new shares unbeaten" was dashed.　　But the time "break" is not common.　　Statistics show that 346 of new shares issued last year, 28 of the first day of listing below the IPO price, accounted for only 8%, most of them concentrated in the two-tier market tumbled 6-7 months. This year, the new shares break like a tidal wave.　　As of February 21, the successful listing of 45 new shares, there are 19 on the first day of the IPO hit Waterloo, break rate of up to 42%. This corresponds to the, according to the listing date, in January this year, a total of 31 new shares successfully landed in the capital market, the issue of the average price/earnings ratio of 80.37 times times.　　In February, as of February 21, the 28 companies that had announced the rate were 59.7 times times the average P/E ratio, down 20.67% per cent compared to the break-roaring January. Last year, when the myth of new shares was dashed, the year-end IPO price-earnings ratio of innovation high, 120 times times PE, 150 times times PE abound, and even the price-earnings ratio and the price of double broken hundred shares. This year, the issuance of P/e ratios has fallen markedly, with a January earnings ratio of 80.37 times-fold and February to 59.7 times-fold, which is no coincidence with the ferocious mmmm this year.　　According to the survey, 80.45% of investors believe that the lower price/earnings ratio of new shares is the result of the January IPO break. New strategy will transform investors more mature as to whether the market will continue to rebound, the industry said, the future market performance if continue to good, the first day of the IPO is still expected to strengthen, and before a large number of new shares below the IPO price, it is also expected to take the opportunity to go out a round of stock But with the large number of new shares issued, small and medium-sized plate is no longer a scarce variety of new stocks, the heat of the new stock market gradually decline. The likelihood of a big jump, as in the past, is also significantly lower. New shares "everywhere gold" profiteering era may have passed.　　Investors to play new shares this year needs to be carefully screened and optimized. Panoramic Network survey results coincide with the above view, after a round of mmmm baptism, most dozen new investors more rational.　　80.06% of investors said they would be screened in future new operations, depending on the specific circumstances of the IPO market. To sum up, the new stock investors are now gradually mature, and in practice to guide the supervision of a more rational and normative market. The maturity and rationality of the investors will bring the capital market more mature and rational, with the further deepening of the understanding and the benign evolution of the future capital market, we wait and see.