Ningbo Port breaks new stock deal in low ebb

Securities Times reporter Luo Feng zhaoyuan ningbo port (601018) yesterday on the first day of the listing fell below the IPO price.　　Recently, small and medium-sized new shares, the market is tired of new shares, so that investors doubt that markets will face another round of "broken mmmm." Up to 3 trading days ago, the previous batch of new shares is clearly showing a downturn: Changbao shares, listing the 2nd trading day break, Fuchun Environmental protection, listing 3rd trading day break. Yesterday's Ningbo port is further, the first day of the listing is break. Continue to push up to mid-September, the listing of a number of new shares, SUNLD, China Super Cable listing 2nd fell, the 3rd day is still the list of the second-listed a-share decline. However, SUNLD, in the second half of the first day of the new shares of the title Aidissi, and so on, after the listing fell, mainly because the first day of the increase is too large, although all the way down, but has not yet fallen below the IPO price.　　But the market style of new shares and secondary shares has been weakening from strong to weak. Ningbo Port closed 3.57 yuan yesterday, compared to the price of 3.7 yuan low 3.51%. The first day of the unit is a break, and the agency is not optimistic about. The first is the network under the subscription is very not active, the network under the issuance of subscription multiples of 2.68 times times, which in a A-share history is extremely rare; even the circulation plate is 9 times times more than the Agricultural Bank, the network under the subscription multiples are 11.28 times times.　　Second-tier market, institutions are also difficult to see traces, after the exchange of trading information announced that no body appeared in the purchase of seats in front. The trend of embarrassment is not only Ningbo port, the same day listed 3 other new shares of intelligent flying organisms, solar birds, Chuan technology, also reached a period of time since the freezing point of the gem. The best performance of the BDA technology, the increase is not over 30%, intelligent flying creature is only up 1.5%.　　This and September mid-June Aidissi 235% of the first day of the increase is far from comparable, with SUNLD, cable 100% above the first day of increase is far from comparable. Recent new shares, the performance of the new shares or just a small twist, but also shows that the financial capacity to undertake limited. Securities Times before the report, "The rally is difficult to renew the new style of the new Shell signal", the middle of September is the new stock market style inflection point, the new stock increase, while the risk is accumulating, the new stock trend is no longer strong is the signal. Analysts say the money is significantly less than the previous mania, the main reason is not only the valuation of new shares, but more is the increase in the financial constraints caused by the rising number of IPOs, the large amount of refinancing, and the capital is very limited, a sharp increase in stock supply, and lack of fresh blood injection of funds, resulting in dilution or lack of blood.　　This year, the need for huge funds to support the market depressed performance, but also not a number of thematic investment plate at the same time a big heat of the scene, has reflected the funding of the stretched situation. Shanghai Composite Index At present 2,611 points, distance of 6124 of the historical highest point even halfway, but due to frequent issuance of new shares, restricted shares of large number of lifting, according to the Securities Times Data Department statistics, the current a-share market capitalisation has reached 14.8 trillion yuan, far larger than the Shanghai Composite Index 6,124 points when 8.7 trillion yuan This, analysts say, can be seen as a financial supply to the stock marketIn the ever-increasing, but this increase in funds to meet the continued listing of new shares and restricted stocks is good, it is difficult to make a great contribution to the stock market, the lack of blood, the situation is puzzled, the A-share puzzle is difficult to break.