Black Alloy break 12 one day float loss about 4.62 million

The myth of Chengliangliang's IPO was broken by a wave of break flood at the start of 2011, and the Black Alloy (601137.SH), which was listed yesterday, was also not spared, with all the new hits on the opening break. 12 funds a day floating loss of about 4.62 million yuan Black alloy is the SSE motherboard listed new shares, the issue price of 27 yuan, issued a price-earnings ratio of 71.05 times times. Yesterday, the first day of the market, the stock opened at 25.50 Yuan, is still opening break. Although affected by some of the funds to buy a one-time spike, but still failed to turn red.　　Then the market a large counterattack, black alloy has not changed the fate of the break, the final closed to 25.75 yuan, down 4.63%. In fact, most institutions were pessimistic about the debut of Black Alloy yesterday. Among them, Galaxy Securities are expected to have a break in the possibility of a decline of 4.07%. Although Pettibone securities that black alloy break probability is small, can be given the first day of the market is very low, 28.50 yuan, only 27 yuan higher than the price of 5.6%.　　Everbright Securities is directly believed that the black alloy of the reasonable price of 22.2 yuan, lower than the IPO prices of nearly 20%. Perhaps because of the impact of the previous new shares broken mmmm, in the black alloy network placement process, institutional investors, especially the Fund to participate in the strength seems to have weakened. "First financial daily" reporter statistics found that, including a Social security fund in 12 of the total number of funds have been allocated 3.695 million shares, yesterday's IPO, these funds a day floating loss of 4.6188 million yuan. Among them, the company's products float the most losses. According to the black Alloy announcement, the fund has a total of 3 funds allocated.　　Among them, KA real bonds and solid income bonds 2 funds respectively were allocated 550,000 shares, and Ka Real Quantitative Alpha Equity Fund was allocated 50,000 shares. This year 80% new shares have been break in fact, this wave of breaks flood since the beginning of January 2011 has made too many new shares "face-saving".　　And a number of people in the industry to our correspondent said, perhaps this new stock break in the future a-share market will often staged.　　Wind statistics show that as of January 27, January, a total of 27 new shares listed, including 4 motherboards listed companies, 15 gem listed companies and 8 SME stock, of which 22 only suffered breaks, break rate reached 81.48%, investors hit a fresh into a loss deep well. Reporters found that the continued huge financing, coupled with short-term market funding constraints, is the main reason for the new shares break. A broker in Shanghai said in an interview that new shares break is the result of market choice, but that does not mean they have no investment value. As the break itself has released the market risk, if the future stock price further fall, it is a good time to intervene in the long-term.　　With the market mood improving, break stocks are still likely to regain the favor of the market. However, some market participants believe that the break is actually a new issue system. A private equity fund person in Shanghai admits that listed companies and brokerages want to make high price,However, due to the lack of the corresponding binding mechanism, the two-tier market investors have a sharp decline in earnings, so that the former new shares will fail to become new shares. The mmmm with the new shares is the surge in the rate of failure, which means that the willingness to participate is clearly frustrated. Reporters interviewed a number of fund companies found that a sharp drop in the new heat, some companies have even made it clear that the recent period will stop playing new.　　High P/E, high price, and serious super raise "three high" under the issue of new shares, it has become the heart of the new investors of the pain. "First Financial daily" annual subscription price of 360 yuan