GEM registered new stocks open higher across the board: 8 stocks rose more than 100%

　The index opened 0.8% higher, and the GEM registered new stocks opened higher across the board: 8 stocks rose more than 100%

　　Sino-Singapore Jingwei Client, August 24. On Monday, the three major A-share stock indexes collectively opened higher. The Shanghai Composite Index opened 3391.11 points higher, an increase of 0.31%; the Shenzhen Component Index reported 13565.28 points, an increase of 0.65%; the ChiNext Index reported 2,563.63 points, an increase of 0.8%.

　　On the disk, sectors such as agricultural synthesis, electronics manufacturing, other transportation equipment, cement manufacturing, and aviation equipment led the gains; professional retail, public transport, glass manufacturing, gas, and industrial metals sectors led the decline. In terms of concept stocks, new stocks and sub-new stocks, capital leaders, yesterday's daily limit, smart speakers, wireless headphones, etc. rose among the top gains, while glass concepts, disperse dyes, cotton, Ant Financial Concept, and phosphorous chemicals were among the top decliners.

　　In terms of individual stocks, 2183 stocks rose, of which 27 stocks such as Jinhuijiu, COFCO Technology and ST Yida rose more than 5%. 1198 stocks fell, among which 18 stocks such as Hainan Development, ST Xiahua and ST Ruide fell more than 5%.

　　As of the last trading day, the Shanghai Stock Exchange’s financing balance was reported at 735.221 billion yuan, a decrease of 1.587 billion yuan from the previous trading day. The securities lending balance was reported at 41.355 billion yuan, an increase of 267 million yuan from the previous trading day; the Shenzhen Stock Exchange’s financing balance was reported at 678.674 billion yuan. , A decrease of 189 million yuan from the previous trading day, and the securities lending balance reported 23.128 billion yuan, an increase of 443 million yuan from the previous trading day. The balance of margin financing and securities lending in the two cities totaled 1.478378 billion yuan, a decrease of 1.067 billion yuan from the previous trading day.

　　From the perspective of the north-south capital flow of Shanghai-Shenzhen-Hong Kong Stock Connect, as of press time, the net inflow of northbound capital is 313 million yuan, of which the net inflow of Shanghai Stock Connect is 181 million yuan, the balance of funds on the day is 51.819 billion yuan, and the net inflow of Shenzhen Stock Connect is 132 million yuan. The balance was 51.868 billion yuan; the net inflow of southbound funds was 731 million yuan, of which the Shanghai-Hong Kong Stock Connect net inflow was 790 million yuan, the day’s fund balance was 41.21 billion yuan, the Shenzhen-Hong Kong Stock Connect net outflow was 59 million yuan, and the day’s fund balance was 42.059 billion yuan.

　　On the 24th, the first batch of 18 GEM registered stocks opened higher on the day of their listing, 8 shares rose more than 100%, Kangtai Medical rose 441.3% and ranked first; Meichang shares rose 37.11% the smallest increase.

　　Yuekai Securities pointed out that overall, the market value of the first batch of registered listed companies is still relatively small compared to the main board, and the effect of capital diversion is expected to be relatively limited. In terms of subsequent listed companies, as of August 19, the Shenzhen Stock Exchange has accepted 365 companies' initial listing applications on the Growth Enterprise Market. Based on the average financing scale of 1 billion yuan, the effect of market capital diversion in the short term will be relatively limited. In the long run, after the successful advancement of the registration system reform, the entire market will be able to implement the registration system, and a sound exit mechanism will also be introduced. In the long run, the value of the shell will gradually decline, and the market will implement a truly survival of the fittest operating mechanism.

　　According to the Securities Times website, on August 24, the first batch of corporate listing ceremonies were held for the reform of the ChiNext and the pilot registration system. The Chairman of the China Securities Regulatory Commission Yi Huiman delivered a speech by Liu He, member of the Political Bureau of the Central Committee and Vice Premier of the State Council. Liu He pointed out that advancing the reform of the ChiNext and piloting the registration system will lay the foundation for the next step in the reform of the registration system of the small and medium-sized boards and the main board. He hopes that the ChiNext will better serve the growth and innovative enterprises, and that it will complement each other with other sectors and form multiple levels. The market system increases the inclusiveness and coverage of the market, and supports more high-quality companies to list in the country. Yi Huiman said: We must further highlight the power of the market, improve the quality of listed companies, and promote high-quality economic development. It is necessary to further deepen the reform of the capital market, develop long-term performance-oriented institutional investors, and return to the important concept of value investment. It is necessary to further promote full disclosure of information, comprehensively purify the market ecology, and build an honest and law-abiding capital market.

　　Anxin's strategy believes that the market will continue to show a "fluctuation and upward" pattern in the next period of time. Under this logic, the procyclical sector will have performances of supplementary growth and repair. At the same time, it should be noted that the recovery is still slow, and the style may not be one-sided. The opportunities for cyclical stocks are also structural, and we must also look for alpha and cycle. Growth stocks. (Zhongxin Jingwei APP)

(The opinions in the article are for reference only and do not constitute investment advice. Investment is risky and you need to be cautious when entering the market.)