GuShiio.com ① The Beijing Securities Exchange rose 18.2% in the fifth day after the 50th holiday, ranking among the top gainers among the major indices, and also outperformed the gains of 92.42% of market stocks over the same period.
② Since the festival, a total of 12 Beijing Stock Exchange A-shares have recorded 16 daily limits. In terms of industries, the proportion of computer and automobile stocks is relatively high.
③ Excluding new shares, the average increase of shares on the Beijing Stock Exchange was 20.0% after the holiday, and the median increase was 15.5%, far exceeding that of Shanghai and Shenzhen A shares.
Financial Union, February 11 (Editor Zi Long),Since the holiday, the Beijing Securities 50 Index has risen for several days. As of today’s close (February 11), it has achieved five consecutive days of gains, with a cumulative increase of nearly 18.2%. It ranks among the top gainers among the major market indices and is also equivalent to outperforming 92.42% of individual stocks during the same period. At the same time, the Beijing Securities 50 Index hit a new high in nearly two months since December 10 last year.
Note: The Beijing Securities 50 Index has been rising and rising recently (as of the close on February 11)
Daily trading in two major directions is frequent, and many shares are added to positions by financiers.
Recently, the activity of Beijing Securities A-shares has continued to increase, and bull stocks with daily limits have continued to emerge. As of today’s close, a total of 12 shares have recorded 16 daily limits in the five trading days since the holiday, with an average daily limit of nearly 3.2 shares, which is significantly higher than this year’s average (1.2 shares). Among them, the Shanghai Stock Exchange had a daily limit of 5 stocks on February 10, and the daily limit reached a new high since November 29 last year. In terms of specific individual stocks, Parallel Technology has a daily limit of three times after the holiday, and Guangmai Technology and Huayang Variable Speed both have a daily limit of 30cm twice.
Note: Beijing Stock Exchange A shares with daily limit during the 5 trading days since the holiday (as of the close on February 11)
In terms of industries, among the Beijing Securities A-shares that recorded a daily limit after the holiday, the proportion of computer and automobile stocks was relatively high, reaching 33.3% and 25.0% respectively. They also covered electronics, machinery and equipment, building decoration, communications, and pharmaceutical biology. If the performance of their share price is counted, among the above-mentioned stocks, Parallel Technology and Guangmai Technology have doubled after the holiday, with Huayang Transmission, Shunyu Seiko, Zhisheng Information and other stocks among the top gainers. It is worth noting that the turnover data of Huayang Variable Speed, Parallel Technology, and Huiwei Intelligence were also relatively high after the holiday.
In addition, from the perspective of funds, many of the Beijing Stock Exchange stocks that received daily limit after the holiday have recently received key additions from financiers. As of February 10, Parallel Technology, which ranks first in the daily limit after the holiday, has received nearly 20 million yuan in additional holdings from financing customers in the past 4 days (since the holiday), and its net purchases after the holiday also ranked first. Guangmai Technology and Huiwei Intelligent, Guozi Software, Yunchuang Data, and Huayang Transmission also received increased holdings of 4.61 million yuan, 4.36 million yuan, 3.41 million yuan, 3.14 million yuan, and 3.03 million yuan respectively. However, the post-holiday financing balances of Langhong Technology and Xujie Technology declined.
Note: The net trading volume of post-holiday financing of Beijing Securities A shares after the holiday or daily limit (financing balance is as of February 10, and other data is as of February 11)
Beijing Securities A shares all rose 20%, reaching a historical high in index valuation
Since the festival, trading activity of the Beijing Stock Exchange has increased. As of today’s close, its average turnover in the five days after the festival was 26.77 billion yuan, of which today’s turnover reached 42.28 billion yuan, which not only exceeded 40 billion yuan again in nearly two months, but also set a new high since November 22 last year. Boosted by the growth of volume and energy, Beijing Stock Exchange A shares also rose collectively after the holiday. Excluding new shares, Beijing Stock Exchange shares rose by an average of 20.0% after the holiday, with a median increase of 15.5%, far exceeding Shanghai and Shenzhen A shares (average increase of 6.2%, median increase of 4.8%).
Note: Recent changes in turnover of the Beijing Stock Exchange (as of the close of February 11)
Judging from the “red-market ratio”, only 2 of the more than 260 Beijing Stock Exchange A-shares closed down after the holiday, while the remaining 99.2% of the stocks all rose, while the figure for Shanghai and Shenzhen stocks was 84.8%. Among them, the “red-market ratio” of GEM and Science and Technology Innovation Board stocks after the holiday is relatively high, at 93.2% and 89.9% respectively, while the main board stocks of Shenzhen Stock Exchange and Shanghai Stock Exchange are 83.6% and 77.5% respectively. If the price and fall of individual stocks are counted, Beijing Stock Exchange A shares rank first, GEM and Shenzhen Stock Exchange main board stocks both rose 8.7% and 8.0% after the holiday, while Shanghai Stock Exchange main board and Science and Technology Innovation Board stocks are relatively backward.
Note: Statistics on the post-holiday increase ratio and average price and decline of individual stocks by securities sector (as of the close on February 11)
From the perspective of index valuation, the Beijing Securities 50 is currently at a historically high level overall, with a P/E ratio of 56.02 times, which is 97.77% since its listing; a P/B ratio of 4.11 times, which is 93.6% since its listing. In addition, as of today’s (February 11) closing data, the Beijing Securities 50 Index closed at 1,250.43 points, an increase of 20.5% during the year. It is also nearly 220 points lower than the historical high (1,469.57 points) recorded on November 8 last year, and the distance from the new high is 17.5%.
