The market operation in the first month of the Beijing Stock Exchange was generally stable
This paper, Beijing, December 14 (Reporter Zhao Zhanhui) On the 14th, the reporter learned from the Beijing Stock Exchange that the market operation of the Beijing Stock Exchange in the first month of its opening was generally stable, and the positive effects of reforms were significant.
Compared with the pre-reform period, the market turnover increased significantly, the newly listed shares rose collectively, the enthusiasm for market participation increased, professional institutions actively entered the market, and investors' willingness to enter the market increased.
The innovation layer and the basic layer were driven, and the trading activity was effectively improved.
Market transaction activity increased, and price movements remained stable overall.
From November 15 to December 14, the Beijing Stock Exchange had a total turnover of 47.897 billion yuan. From the second week, the transaction gradually narrowed as the opening effect subsided, and the trend of change was in line with the general law of the newly established sector.
Market liquidity has improved compared with the selection period. The average daily trading volume has increased by 3.07 times compared with the previous selection layer, and the average daily stock turnover rate has been 1.46%, which is an increase of 0.74 percentage points compared with the original selection layer, which is in line with the liquidity characteristics of small and medium-sized market capitalization stocks.
In the first month, 11 new stocks rose collectively, with an average increase of 110.84%; most of the 71 translation stocks recovered from their highs before the market opened, but they were still up 29.97% from before the announcement of the reform.
From the perspective of market performance, the average daily amplitude of the Beijing Stock Exchange fell from 25.51% on the first day of market opening to 5.28%, and the stock price gradually stabilized. The fluctuation of individual stocks was within the expected reasonable range, the price trend was relatively stable, and the market pricing function was further improved.
Investors have high enthusiasm for participation, and professional institutions actively enter the market.
As of December 14, the number of accredited investors in the Beijing Stock Exchange exceeded 4.6 million, an increase of approximately 1.7 times from before the announcement of the reform.
After full game between buyers and sellers, investors have become more rational, and the overall transaction enthusiasm has remained at a reasonable level.
In addition to direct participation, other channels such as public funds have also received high attention. The first batch of 8 themed funds all achieved half-day over-raising.
Since the opening of the market, the intensive release of institutional research reports and the high popularity of research have driven the expected rise of individual stocks in the fields of biomedicine, information technology, new energy, and new materials.
The back-feeding effect of the Beijing Stock Exchange has appeared, and the basic level of the innovation layer has improved significantly.
The price and volume of the basic layer and the innovation layer have increased significantly.
Driven by the Beijing Stock Exchange, the trading activity of the basic and innovative layers has improved significantly.
Since the announcement of the reform news, the cumulative increase and decrease of the third board component index, third board market making, and innovation component index have been 15.13%, 34.79%, and 20.19% respectively. After the opening of the Beijing Stock Exchange, the average daily turnover of the basic layer of the innovation layer was higher than that of the reform news. The previous increase was 1.83 times.
The innovation layer and basic layer of the Beijing Stock Exchange and the New Third Board have shown a certain investment rotation effect.
Overall, the Beijing Stock Exchange and the New Third Board will continue to create opportunities for investors to share the development dividends of innovative SMEs.