Gem Fell 1000 Points, Nearly Half Of The Previous High Share Price Decline

Gem refers to nine days fell nearly 1000 points, two stocks nearly cut.

No matter whether the curse of Thursday is true, but yesterday was Thursday.

Another slump is the realization of the spell of Thursday.

Shanghai Stock Index breaks 4700 points, 4600 points, 4500 points and three integer points on a single day.

Despite the eventual pull back, at the close, the market reported 4527.78 points, or 3.46%.

The gem is even more miserable. The largest drop in the intraday market is more than 6%, closing at 3200 points, down 5.23%, compared with 4178 in June 12th, the 9 trading day has fallen nearly 1000 points.

Two GEM stocks are at a loss.

In early trading on Thursday, Shanghai index opened up quickly after hitting 4700 points.

Encouraged by the abolition of the loan to deposit ratio, the rise of financial stocks was once a role of a security guard, dragging the market to a low recovery.

But the play did not last.

After the opening of the afternoon, the stock index went downhill all the way, and plunged sharply near the end.

At the close, the Shanghai stock index reported 4527.78 points, down 3.46%.

Compared with stock index,

It fell more sharply, with a drop of 5.23%, and the closing point at 3206.38 was down nearly 1000 points from the highest point of 4178 in June 12th.

Along with the decline of [-5.23%], the stock market is declining.

According to the flush [-3.97% fund research report, statistics show that from June 12th to yesterday, the gem only received 75 stocks, accounting for less than 20%, and most of these stocks were newly listed shares.

Conversely, the two cities of the first half of the "first high priced stocks" education, the stock price was almost cut, and the total plunged 41.8%.

Closely followed by the new state capital [-9.99% Research Report, the decline also reached 41.2%.

In addition, there are new Daxin material [-6.43% Capital Research Report], blue cursor [-3.83% Capital Research Report] 187 GEM stocks fell more than 20%.

"It's a real loss.

I bought 300 thousand yuan

The main investment is the technology and Internet thematic funds, such funds should be heavy gem, since last week has lost 50 thousand yuan, really do not know what to do.

Mr. Ji min Zhou complained to reporters yesterday, "I bought a mixed product, and the fund manager seemed to be indifferent to the decline and basically kept pace with the index."

A 80 sun private placement yesterday also told reporters that the gem has been expected to adjust, but did not expect to be so fierce, a few trading days to kill nearly 1000 points, too late to respond to the adjustment of positions, the loss of nearly a week.

"At present, we can only see the performance of the market in July, if the gem has never rebounded at the weekly level, it will resolutely deliver."

The private placement said.

At the end of the month, cut interest rates or fall.

For yesterday's crash, the market's views are mainly concentrated in two aspects. First, the new shares have been launched, and the securities and Futures Commission has approved 28 enterprises IPO, which is second only to the 30 major events in April 2nd.

This is the ninth batch of new shares issued by the SFC this year, and the second batch of new shares issued in June.

Though not this time

But last week's plunge due to new shares still deters market investors.

Two is expected to reduce interest rates or drop.

Qianhai open-source fund investment research group said that the executive meeting of the State Council decided to abolish the upper limit of bank loan to deposit ratio. Some investors interpreted that banks could release more liquidity. But in the first quarter of the year, the loan to deposit ratio of commercial banks was only 65.7%. At the end of the first quarter, it was far from the 75% supervision line, and the effective demand for bank credit was relatively low.

In addition, the central bank yesterday carried out 35 billion yuan reverse repurchase, and the market passed smoothly at the end of the six months.

The above two measures superimposed the short-term return of capital side to loose, and the central bank once again lowered its quota. It is no longer necessary for the central bank to reduce its quota again, so the expectation of market reduction is likely to fail.

Most institutions remain optimistic.

Although the market thinks there will be a wave of adjustment in the short term, most analysts remain confident in the long run.

In the mid-term investment strategy meeting held yesterday at Anxin securities, Gao Shanwen, chief economist, said that the driving force of the stock market has shifted more to the characteristics of the game this year. From the perspective of game theory, the risk of monetary tightening is very small before the end of this year, and the supply of chips will not be blowout. The main theme still stimulates the stock market to rise, and the bull market is not obvious.

The Southern Fund said that after the outlook, the bull market logic in the medium and long term has not changed. In the context of liquidity is still loose and the real economy stabilizes, the overall stock market pattern remains unchanged.

In addition, most people are still optimistic about the performance of small cap stocks.

For example, [-2.39% Securities Research Report of Xingye Securities Co., Ltd. suggests paying attention to the ecological growth stocks and small market value SOE reform stocks.

However, some institutions are very cautious. As Hua Runyuan said yesterday, the overall PE of the stock index is about 16 times as far as the stock index is in the Shanghai and Shenzhen 300, although it has improved significantly compared with the bull market before a year ago, but it is still relatively low compared with the historical average level.

On the other hand, there is no doubt that the market has entered the medium-term adjustment at present. It is expected that the adjustment will not be over soon.