Value return to accelerate the stock close to break! More rational science and technology innovation board transactions

category:Finance
 Value return to accelerate the stock close to break! More rational science and technology innovation board transactions


Tianzhun technology rose 0.07% to 28.12 yuan per share yesterday, but its share price has fallen more than 60% since its high level, only about 10% of the space from the issue price of 25.5 yuan per share. In addition, haohaishengke, jingfengmingyuan, jiepute and other stocks are all close to the issue price.

On October 31, the performance of two new stocks, n Zhiyuan and N jiepute, proved this. On the first day of listing, the two shares rose 55.7% and 33.05% respectively. On November 1, the IPO price of nbaland was 79.3 yuan per share, and the closing price was 100.2 yuan per share, with an increase of 26.36% on the first day, which was significantly lower than the upper limit of 44% on the first day of IPO of the main board. This means that the income level of the new technology innovation board may not be as good as that of the main board.

Zhiyuan Internet and jieputes share price did not perform better on the second day of listing. On November 1, jiepute fell 16.08% on that day, and each share closed at 49.23 yuan, only 10% of the space from the issue price of 43.86 yuan.

Lin Jin, chief analyst of new stock strategy of Shenwan Hongyuan Research Institute, said that the current stock price of the scientific and technological innovation board generally fell back. First, the price of new shares was on the high side when they were issued, which restricted the upward space of the stock price; second, with the increase of new stock supply at the end of the year, the market capital lacked enthusiasm to do more.

Due to the tension between supply and demand in the early stage of the scientific and technological innovation board, there were few companies listed in the first batch or later, resulting in the overvalued share price. Dong Dengxin, director of the Institute of Finance and securities of Wuhan University of science and technology, said that it is normal for the stock price of scientific and technological innovation board to fall moderately at present.

Promote reasonable pricing of institutions

Breaking is a market-oriented behavior. Since its establishment, the scientific and technological innovation board has established a market-oriented issuing mechanism, and the corresponding one may face the risk of breaking. From the perspective of market operation, it is not easy to see that the scientific and technological innovation board has been running for more than three months and has not broken yet.

Dong Dengxin said that in Hong Kong, the proportion of new shares breaking on the first day is about 15%, while in the U.S. market in some years, the breaking rate of new shares on the first day even reaches 40%, so as long as it is market-based pricing, it may face breaking risk.

With the issuing price of the new shares of the science and technology innovation board falling gradually, it is expected to promote the issuing price of the science and technology innovation board to be more reasonable. A person from an institution said that the new shares of the former scientific and technological innovation board are highly profitable. Each institutions inquiry strategy focuses on improving the probability of shortlisting, and the institutions quotation gradually converges. However, with the current uncertainty of the new shares of the scientific and technological innovation board increasing, the institutions quotation will pay more attention to the research of the enterprises own quality.