The number of A shares broke the net share increased to 188, mostly for public utility stocks and real estate stocks

The number of A shares broke the net share increased to 188, mostly for public utility stocks and real estate stocks

The number of A shares broke the net share increased to 188, mostly for public utility stocks and real estate stocks

The number of A-share breakouts soared to 188. This time, it was public utilities and real estate stocks. From the data of the past 5 years, the formation of the bottom area is often closely related to the apparent increase in the number of breakout shares.

  Guan Erhao Photo Source: Visual China On June 19, the Shanghai and Shenzhen stock markets tumbled across the board, with the Shanghai Stock Exchange Index plunging 3 unilaterally.

78%, fell 3,000 points, the Shenzhen Component Index and the GEM index plummeted by more than 5%, and also hit a new low of more than three years. A total of 1,600 stocks in the two cities fell more than 9%, and the daily limit reached 1,083.

  In the context of the overall decline in the market, the number of broken net shares also increased rapidly-with reference to one month ago, the number of A-share broken net shares skyrocketed from 79 to 188.

Wind data shows that public utility stocks and real estate stocks have become the main force of this round of net share breaking, with a net number of 21 and 19, respectively, accounting for 11.

17% and 10.

11%; the number of broken net stocks in the banking sector ranked third, reaching 15; in addition, the number of broken stocks in the transportation, automobile, mining, chemical, and machinery equipment sectors also exceeded 10.

  Data source: Wind, * ST Tianma (002122.

SZ) has the lowest P / B ratio of 0.

57, Huaying Technology (000536).

SZ) and COSCO Hai Energy (600026.

SH) is immediately followed by 0.

62 and 0.

63 ranked second and third. In addition, there were 11 stocks with price-to-book ratios below 0.

7. The details are shown in the following table: Data source: After sorting out the news on the Wind interface, it was found that on June 19th, the market closed. Of the 188 broken net stocks, 184 stocks have been declining for a year.

Among them, * ST Rich Control (600634.

SH), * ST Pegasus and * ST Zhengyuan (600321.

(SH) The worst decline, the cumulative decline of the three stocks reached 85.

63%, 73.

62% and 59.

70%; in addition, * ST ships (600,150.

(SH) After waiting for 10 stocks, they still unfortunately suffered “backlash” in the early stage, and the average decline was more than 50%.

  Data source: Wind. On the whole, more than half of the 184 stocks have fallen between 10% and 30% this year, and more than 30% of the stocks have fallen between 30% and 50%, and the decline has exceeded 50%.And less than 10% of individual stocks account for 7%.

  Data source: Wind is asynchronous. At the current point in time, the number of broken stocks in the two cities has exceeded the number at the lowest point of the Shanghai Stock Exchange Index in each year since 2013-the closing day of the lowest point of the Shanghai Stock Exchange Index from 2013 to 2017.The number of A-shares with broken nets was 153, 145, 43, 51, and 36. From this perspective, the current situation of individual stocks in 杭州桑拿网 the A-share market can be said to be very difficult.

  In fact, from the data of the past 5 years, the formation of the bottom area is often closely related to the significant increase in the number of broken stocks. The current number of broken stocks in the A-share market has exceeded the previous 5 years when the Shanghai Stock Exchange Index low was low.The number may mean that the bottom interval is being formed, and the average performance of the three major indexes 1 month, 3 months, and 6 months after the formation of the previous bottom interval is excellent, and the average increase of the index is close to 9%, and 3 monthsAfter the performance is relatively best.

  Data source: Wind Generally speaking, breaking a net stock means that its price is lower than its net worth, which is a performance of undervaluation of the stock.

When a large number of broken stocks appear in the market, it often means that there is a certain undervaluation of the overall estimated level of the market.

In the long run, the overall undervaluation of the stock market will not exist for a long time, and the realization of value repair is a high probability event.

However, investors need to be reminded that under the current environment, performance growth is sluggish and individual stocks with increased uncertainty in their main business may still have difficulty performing or even continue to decline.

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