In January 2024, a total of 14 companies will be listed on the A** market, with a total IPO fundraising of 118800 million yuan. In terms of performance on the first day of listing, none of the new shares broke in January, and the new A-share market has achieved "0 breakage" for 3 consecutive months.
Synthesis |Wind News Agency Editor | echo
This article is for informational purposes only and does not constitute any trading advice
Since January 2024, the number of A** market issuances and the total amount of IPO funds raised have increased year-on-year and decreased month-on-month. According to wind data, according to the statistics of listing date, as of now, a total of 14 companies in the A** field have been listed for the first time in January, an increase of 40% over the same period last year, and a decrease of 33 from the previous month33%。IPO proceeds totalled 118800 million yuan, an increase of 71 percent year-on-year68%, down 208%。
From the perspective of the new stock listing board, the main board of the Shanghai Stock Exchange is the home of A-share IPO fundraising in January, and the Beijing Stock Exchange continues to make efforts. According to wind data, a total of 5 new shares were listed on the main board of the Shanghai Stock Exchange in January, and the total IPO funds raised were 66300 million yuan, ranking first on the list, accounting for 5581 %；Only 1 new stock was listed on the STAR Market in January, and the total IPO funds raised were 22300 million yuan, accounting for 1877%；There were 2 new listings on the main board of the Shenzhen Stock Exchange and the Growth Enterprise Market (GEM), with a total IPO proceeds of 137.4 billion yuan, 7900 million yuan.
It is worth noting that a total of 4 new shares were listed on the Beijing Stock Exchange in January, second only to the main board of the Shanghai Stock Exchange, and the total IPO funds raised were 8600 million yuan, which has surpassed the GEM, and the IPO of the Beijing Stock Exchange continues to heat up.
Since September 2023, the number of new shares issued has remained at a low level, but the performance on the first day was relatively bright. Up to now, none of the 14 new stocks listed for the first time in January have been broken, and the A-share new market has achieved "0 breakage" for 3 consecutive months.
At the same time, it should also be noted that although the risk of playing new games in the recent a** game is small, the money-making effect is gradually weakening. According to the data, the yield of A-share IPOs has been declining month by month since November last year, and the average yield of IPOs in January this year was 8418%, up from 139 in December6% is a significant drop.
Among the 14 new listings listed in January, a total of 5 shares doubled on the first day of listing, accounting for 3571%。On January 16, Belon Precision, which landed on the GEM, rose 192 on the first day of listing03% in the first place. Yun Xingyu and Jiezhong Technology from the Beijing Stock Exchange followed, with an increase of 166 on the first day of listing31% and 12495%；Among them, Yun Xingyu froze more than 200 billion funds in the online new stage, and the scale of frozen funds hit a record high in the history of the Beijing Stock Exchange, which was about 1 3 of the turnover of the Shanghai and Shenzhen stock markets in the same period, showing the pursuit of new funds for new shares on the Beijing Stock Exchange.
The strong income from new listings is the main reason for the high enthusiasm of funds. Since the launch of the Beijing Stock Exchange 50** in November last year, the new shares of the Beijing Stock Exchange have performed well, with no breakage since November last year, and the average first-day rise and fall has remained high, with the average values in November, December 2023, and January 2024 respectively. 64%。
CICC said that the policy support and the 2023 small and micro market ** boost, the attention of the Beijing Stock Exchange A-share IPO has increased significantly.
At present, there are less than two trading weeks before the Spring Festival, and for the investment decisions of new stocks, Huajin ** Research said that in the short term, with the policy still continuing to appease the market, the impact of the disturbance of the overall risk appetite of the market may gradually weaken; Considering that the bottom characteristics of the new stock index have reappeared in the course of this round of upward cycle, although it is extremely rare in history, it cannot be ruled out that the self-repair of new stock trading sentiment will gradually open, and structural highlights may spread, therefore, we still recommend paying moderate attention to the possible activity of the new stock sector before and after the Spring Festival.
On the one hand, it is recommended to pay attention to the proximal new stocks with relatively high capital attention and the first day of growth has been properly digested; On the other hand, it is still recommended to pay attention to the catalytic themes of external events that exceed expectations or continue to ferment, and balance pricing and sentiment drivers, and it is advisable to swing in the band.