Hundred day gem ushered in growing trouble

Last October 30, China's gem opened the bell sounded, 28 new shares listed transactions. Now the gem has passed hundred Days, after the initial enthusiasm of the market and speculative speculation, now gradually become rational.　　At the same time, the gem also ushered in the growth of the trouble, the recent period of time it has been expanding, break, large-scale placement of the lifting of the ban made a mess. Data show that the first day of the gem 28 new shares on average rose by as much as 106.23%, of which Jinya technology daily rose by as much as 209.73%; after that, the average increase of three-group-listed stocks fell gradually, by 45%, 32% and 22.97% respectively. The newly listed fourth batch of only the century Ding Li rose more than 30%, the smallest star-FAI car model rose only 13.73%, refreshing the gem new shares on the first day of a new low. "It also shows that the high-risk gem has been cooled by more enthusiastic investors," he said.　　Chase Securities analyst Yangliang said. The recent gem Doom repeatedly, not only break the trend swept, star model, the stock and the source of the days of RDA has fallen below the IPO price, but also suffered a large-scale placement of the lifting of the ban on the hit. The first listing of 28 shares, a total of 122 million shares, more than 5.2 billion of the market capitalisation of the IPO unit, starting from February 1 to circulate. This for the current daily only 2 billion yuan trading volume of the gem, 5 billion yuan huge amount is tantamount to the tiger out. February 1 The same day, the gem fell more than 80% shares, only one day the total market value of the gem has shrunk by 6.36 billion, and the previous 5 trading days in Shanghai and Shenzhen only to reduce the 5.37 billion yuan.　　Some public fund sources said that the arrival of the lifting of the release of stocks means that many gem listed companies will return to rational valuation. Return to rationality, the market value of the company's performance. According to wind information statistics, more than 20 companies have issued 2009 performance letters or performance advance announcements, all achieve performance growth (or slightly increase), basically in line with previous market expectations. Among them, the highest growth rate of ding-han technology, up to 165.41%, a total of 7 companies net profit Year-on-year increase of more than 100%, the lowest increase in 15%~35%.　　Overall, the GEM company continued to maintain a faster growth rate. Gem and SME Board of similar nature, the market rather like to compare the two. From the current point of view, the hundred-day gem smaller than the same period small and medium-sized board performance slightly. Taking the average first day of increase as an example, excluding the initial 28 gem, the remaining 22 gem new shares on the day average rose only 33.51%. In the same period, the number of SME stock market shares of 40, the first day on average rose to 66.34%. In terms of the performance after the listing, the same period, the latest close of the SME stock market is higher than the first day of the number of closing, but also far better than the gem stock.