Continuing pressure on gem: High valuations lead to strong-sleeve impulses

The lifting of the original shareholder's shareholding in Gem will come in November. At that time, the gem will have 1.199 billion shares into the market circulation, will reach a value of 31.084 billion yuan. December will also have 230 million shares of restricted shares lifted, the market value of about 6 billion yuan.　　According to wind data show that in the second half of 2010, the gem lifted the market value of about 45 billion yuan, accounting for the current market value of nearly half.　　If the lifting of the original shareholder in November is only a distant trend, then the first net of the July, the general corporate placement of the lifting of the ban is worries. Wind shows that the gem in July has 62 million shares lifted, the market value of 3.182 billion yuan. Since the IPO part of the network under the IPO, in the online distribution of three months after the listing circulation, the July gem is expected to have 13 shares under the net placement of the lifting of the total number of 61.768 million shares, compared to June 30.37 million shares increased 103%, that is June twice times, if the market capitalisation,　　Increased by 230% in June, 3 times times more than in June.　　Gem continued to be released from the tide of pressure, began to reflect in the recent growth of the two-tier market trend. Since the launch of the Gem Index on June 1, the index has fallen continuously, hitting its all-time low of 832.62 on July 2.　　In this way, in addition to the excessive valuation in the overall market decline in the context of the fall, the expected lifting of the current and high valuations of the institutional incentive, but also the growth of the gem is one of the driving force.　　Large intelligence data show that the gem since July (1-7 days) The main capital inflow of 7,222,836,000 yuan, outflow of 7,153,986,200 yuan, net inflow of 68.8498 million yuan, accounting for the proportion of the circulation of 0.19%, turnover 607.4583 million shares, or 1.19%. July 7, the Gem index rebounded, the board 91 stocks only 8 fell, the other 79 stocks rose, the gem index closed at 908.55 points, or 1.71%.　　Although the index has rebounded, the stock index is still below 1000 points. July 21, will have a bi-water source, Huayi Schwab, Jin Li Huadian, Connaught its, South power supply of the five companies under the 30.8 million-unit network placement unit lifted.　　One of the green water has 7.4 million shares of the general legal person placing shares listed to the bi-water distribution price of 69 yuan and 7th close to 88.69 yuan, 193 participation in the network under the placing of the 7.4 million shares float 167.9 million yuan.　　It's not the worst season yet, but the worst is still to come. The real flood peak of the lifting of the gem is in November of this year, when the gem will have 1.199 billion shares of original shareholders into the market circulation, will reach a value of 31.084 billion yuan. December will also have 230 million shares of restricted shares lifted, the market value of about 6 billion yuan.　　According to wind data show that in the second half of 2010, the gem lifted the market value of about 45 billion yuan, accounting for the current market value of nearly half. According to the Shenzhen websiteData, after the close of 7th, the overall gem listed companies on the average P/e ratio of 57.85 times times, this level of valuation will greatly induce the original shareholders of the impulse to profit. According to the reporter statistics, Shenzhen Innovation Investment Group Co., Ltd. (hereinafter called Deep Venture Casting) in 91 gem companies in the single six Yuan, become the "most cattle pe."　　Deep venture to invest in a total of successful investment in science and technology, digital governance, Zhongke Electric, in green Bao, Ding long shares, three-dimensional silk six gem company. Deep venture into the six companies at that time the cost of about 6 million yuan, 1,399,986 yuan, 14.4 million yuan, 1.1765 million yuan, 3,179,250 yuan, 1.4789 million yuan, a total of 27,634,640 yuan.　　But at the closing price of June 30, the six gem companies have reached a market value of 851.193 million yuan. That is to say, in a short period of time, deep-invasive cast float up to 30.8 times times! But also in the gem index fell to the lowest of June, it is not difficult to imagine, if a a-share recovery, index uplink, deep venture investment will be a higher income, the corresponding reduction of power is even greater.　　However, this type of lock-in period of one year of the original shareholder, in the company's stock listing two years, the proportion of reduction should not exceed 50%. The first batch of gem was listed on the October 30 of last year, the current period of 4 months before the lifting of the ban on restrictions on the time, no matter whether the gem in this period of time to get out of the oversold rebound trend, the original shareholders to choose to turn the paper wealth into real money will be the trend　　After all, the gem of the gold-high companies are not many, and shares are still high. According to reporter statistics, from the first day of the IPO to July 7, 91 gem companies still have 18 of the range is positive, 18 of the 10 are among the group of 28 gem, of which Jiffeng agricultural machinery and the eye of the AI er rose 71.6% and 49.4%, ranked first and second.