Tianrui Instruments: record of the biggest drop in the first day of innovation stocks

Once the "unbeaten new shares", is currently evolving into "new stocks difficult to win", yesterday, five new stocks listed on the GEM, but only Tianhao new materials escaped the fate of breaking, Skyray Instrument, Oriental Guoxin, Diwei video, The first day of Wanda's decline was more than 10%, and Skyray Instrument even surpassed the standard shares with a decline of 16.64% (601,700 shares), setting a record for the first day since the reopening of new shares.

A signing loss of 5,420 yuan was bad luck before signing on Tuesday, five stocks and other new shares listed, the results of the first day of five new stocks annihilated. A week later, this situation has not changed much. Yesterday, five GEM stocks were listed on the stock market, but only Tianfu New Materials rose. The other four all opened lower and lower, showing no sign of any rebound throughout the day, and stayed below the issue price without any suspense at the close.

At the close, Tianrui Instrument fell 16.68%, Oriental Guoxin fell 13.39%, Diwei Video lost 14.2%, Wanda Information fell 12.14%, the only strong Tianmu New Materials rose 26.25%. With 4 new stocks breaking, most of the investors who signed the deal may have blamed themselves for bad luck yesterday and suffered a loss. Calculated yesterday’s closing price, if the investors who have won the lottery have not sold, then the investors who signed the Wanda information will lose 1700 yuan for each sign, which is still the lowest; each signing of the OrientalSign and Diwei video Loss of 3,700 yuan; and the largest drop in the Skyray instrument also brought the biggest losses to the entrants, the stock issue price of 65 yuan yesterday to close at 54.16 yuan, one of the signings will lose 5420 yuan.

Since the market went low, the reporter found that most of the successful bidders did not want to sell meat yesterday. The turnover rate of new shares of Tianrui Instruments was less than 30% yesterday, which means that over 70% of the successful applicants did not choose to sell. Sell.

Frequent breaks indicate the intensive burst of popularity of extreme waning new stocks. One explanation given by the market is that the issue price of new shares is too high. In addition to the high valuation, Guodu Securities Deng Houlin and others believe that the downturn in popularity is the more direct and more important reason. Last year, the small and medium-sized board and the new stocks of the ChiNext Board were also issued at a high price. Why the stock market continued to soar, because the market was active at that time and the funds were willing to “follow the new”. From November 12 last year to yesterday, in the more than two months, the stock market has fallen by nearly 15%, and the index is still struggling around 2700 points. The sluggish market not only caused investors to abandon large stocks of undervalued stocks in the market, but even the newly listed new stocks also fell below the issue price in a large area, becoming the next tough reality for the weak market.
Continued breaks in new stocks indicate that market sentiment is extremely sluggish. Will the market be exposed to extremes after extreme downturns in popularity? World Investment analysts believe this is possible. "Continual disruption of new shares will greatly affect the mentality of playing new investors, and the trillions of dollars of new funds will have to find another way out. The trend is worthy of attention. Also, from a technical point of view, the shrinkage of the two cities' large-scale innovation is low. Looking at the trading and positions of stock index futures, the short heads of the shorts such as China Securities Exchange and Haitong will be halved, which may indicate that the broader market will usher in a rebound. After repeated bottoming, the bottom of the broader market may not be far.

After the crisis, there are real funds in the organic stocks. For the new stocks themselves, whether or not they are worth paying attention to after the break, Guo Hong Securities believes that it needs to be treated differently, and some new stocks are falling, but there are also opportunities for existence. "After a panic fall, the real valuable stocks will be the next new opportunity for the market." From historical experience, once broken Air China, China Heavyweight (601106, stocks) later trended outperformed the broader market.

Kang Hongtao believes that at any time, fundamental factors are the first line of thought for stock selection. On a large scale, it is to choose a better variety of industries. First, select industries supported by policies, such as emerging industries covered by the “Twelfth Five-Year Plan”; second, select some industries that are getting better, such as resources and military industries; and third, choose some that meet market expectations. industry. In addition, some analysts believe that those listed companies have obtained a large amount of institutional funds before the listing, and new stocks that have been deeply broken after the listing are also worthy of attention. Institutional funds may be self-rescue after their deep falls.