Gem market sales rate staggering up to 13.93 times times

-This reporter Liu Xinglong 13.93 times times, this is the current gem of the average market rate, and the Shenzhen board is only 1.91 times times, the plate is only 4.07 times times, as a measure of the value of stock investment is an important indicator of gem stock market sales rate has been to a staggering level.　　At the same time, the statistics show that the market value of the SME board and the gem amounted to 2.29 trillion yuan, accounting for the 40.32% of the Shenzhen shares. Despite the growth of the shield, but such a high market sales rate and the rapid expansion of market capitalisation, the gem for the small and medium-sized stocks represented by the risk of concern.　　Facing the continuous correction of the market, small and medium-sized stocks are also difficult to be immune. When the first week of science and technology in May to the city out of four Lian Yang, and nearly two trading days have ended in a fall. From the fall to the fall, when the science and technology has become a microcosm of the recent trend of the gem, the face of the main stock index continued to decline, before the infinite scenery of the gem has not been emboldened. As of May 11, the gem total market value of 321.049 billion yuan, in just two trading days, the market value shrank by 28.32 billion yuan, the market value fell by 8.11%.　　In the same period, the Shanghai Composite Index fell only 1.52%, Chengzhi decline of 0.54%, it is clear that the recent pullback in the gem is significantly larger than the average level of the market. Along with the gem group to weaken, break stock also gradually increased. Statistics show that, according to the May 11 share price calculation, already 13 gem stocks fell below the IPO prices.　　Ningbo Gqy's break ratio was the highest, reaching 18.19%. Through the transition from resistance to fall, the market risk of gem is becoming more and more obvious. First of all, according to the 2009 Annual report performance calculation, Gem 78 stock of the weighted average P/e ratio of 70.69 times times, already far higher than the motherboard and SME board stock level, and then take into account the first quarter of the growth of the company's quarterly performance of a sharp decline, it is difficult to support overvalued.　　Second, the gem average city net rate of 5.94 times times, far higher than the Shenzhen board A-share 3.26 times times and 5.07 times times the plate. Market Personage said, because the investor mainly by the hot money and the retail investors, made the gem has been out of the independent market against the fall, but with the deepening of market adjustment, gem High valuation will enter the track of value return.