China News Service, Beijing, November 15 (Reporter Xie Yiguan) On November 15, the Beijing Stock Exchange ushered in a "good start." 81 stocks of the Beijing Stock Exchange had a total turnover of 9.573 billion yuan, and 10 new stocks directly listed on the Beijing Stock Exchange were the first All days soared, and two temporary suspensions were triggered during the intraday trading.
The closing performance of new stocks listed on the Beijing Stock Exchange today.
All new stocks have more than doubled, and some stocks have risen nearly 500%
As of the close, all 10 new stocks had more than doubled, and the closing price was an average of 199.80% higher than the issue price.
Among them, N Tongxin soared 493.67%, and once rose more than 500% during the intraday market, firmly occupying the first place in the list of new stocks; N Dadi, N Zhisheng, and N Jingsai also increased by more than 200%.
71 stocks that moved from the selection layer to the Beijing Stock Exchange were mixed.
Among them, Derui lithium battery rose 18.23%, Anhui Phoenix rose 8.44%, and Dezhong Auto rose 5.21%.
In addition, as of the close, the Shanghai Composite Index fell 0.16% to 3,533.30 points; the Shenzhen Component Index fell 0.47% to 14,636.39 points; the ChiNext Index fell 0.82% to 3,401.87 points.
The poor performance of the A-share market was affected by the opening of the Beijing Stock Exchange to divert A-share stock funds?
Liu Ying, a researcher, member of the Chongyang Institute of Finance, Renmin University of China, and director of the cooperative research department, said in an exclusive interview with the "China New Observation" column of Chinanews.com, "The positioning of the Beijing Stock Exchange is different from that of the Shanghai and Shenzhen Stock Exchange. The listed companies are relatively large-scale companies, and the Beijing Stock Exchange is positioned as an innovative small and medium-sized enterprise. At present, the total market value of more than 80 companies is limited, and it will not divert more A-share funds."
"In the short term, the Beijing Stock Exchange has relatively limited influence on the A-share market." Ping An Securities also pointed out that as of November 12, 2021, the market value of the original select layer companies totaled 288.8 billion yuan, which is much lower than the 93% of all A-shares. Trillion yuan; from the perspective of trading volume since September, the daily trading volume of the original select layer companies accounted for an average of 0.066% of all A shares, which is relatively low.
Data map: Beijing Stock Exchange.
These industries and companies may benefit from the opening of the Beijing Stock Exchange
After the opening of the Beijing Stock Exchange, which industries will benefit enterprises and become new investment opportunities?
It is a topic that many people care about.
"Beijing Stock Exchange is positioned to support the development of innovative small and medium-sized enterprises," Liu Ying said. This is for "professional, refined, special and new" and supports the hidden champions in the sub-sectors, those small giants, small valuations, rapid growth and innovation. Strong abilities, especially small and medium-sized enterprises with strong technological innovation capabilities and core competitiveness, are a good opportunity.
"From an industry perspective, strategic emerging industries are more beneficial, such as new energy, new materials, energy-saving and environmental protection under the "dual carbon", green development industries, next-generation information technology and TMT industries are industries that will benefit. In traditional industries that are digitally transformed, small and medium-sized enterprises with core competitiveness and core technologies will have room for growth." Liu Ying pointed out.
In Liu Ying's view, in the service industry, some small and medium-sized enterprises with technological innovation and business model innovation will also benefit.
"China has now become the world's largest consumer market. We are undergoing consumption transformation and upgrading. Optional consumer industries are all industries that benefit from the Beijing Stock Exchange, and there are more investment opportunities."
Data map: Investors in a securities trading floor are concerned about the market trend.
Photo by Luo Yunfei issued by China News Agency
Investors also need to pay attention to risks
But opportunities are also accompanied by risks. Ping An Securities believes that as the scarcity of small and medium-sized enterprises' resources decreases, the stock of innovative small and medium-sized enterprises in A-shares may face pressure from competition for funds, and valuations will face reshaping.
In addition, "As of November 12, 2021, the median range of increase and decrease of 71 companies in the original selection layer since their listing was 40.2%, and the median range of increase and decrease since the first day of listing of all A shares was 62.1%. "In the view of Ping An Securities, the relatively weak market performance of the select layer stems to a certain extent from the difference in market ecology, but also partly from the uncertainty of the listed companies of the select layer. Therefore, in the long run, the investment of Beijing Stock Exchange It is necessary to identify high-quality companies with large growth space and strong competitiveness.
"For investors, it is recommended to participate in the Beijing Stock Exchange through ETF funds, passively invest in stocks through certain rules. Or through analysis of corporate value, make professional targeted investment." Executive Dean of the Institute of Digital Economy, Zhongnan University of Economics and Law Pan Pan He Lin said.
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