On the last trading day before the holiday, the gem in the Shenzhen market rose by 436%。An important driving force for the sharp rise of the Growth Enterprise Market (GEM) is the shining of "micro-cap stocks".
According to Tongdaxin data, the group of "micro-cap stocks" (the 400 stocks with the smallest total share capital dynamically collected) broke the single-day record with a single-day score of 10%.
Specifically, the micro-cap index opened 1After 63%, the decline was extended to 518%, low 173221 o'clock. But from 9:50 a.m., the previously arrogant bears seemed to collapse overnight. At the end of the day, the micro-cap index rose as much as 1000%, breaking the largest single-day increase since its opening, closed in 200955 points.
Of the 400 randomly screened micro-cap stocks, only 3 closed down and 1 closed flat, while the rest were of varying degrees**. Among them, 16 micro-cap stocks on the Science and Technology Innovation Board and ChiNext such as Xinyuan Technology, Huaming Intelligence, and Hangzhou High-tech have reached a 20% daily limit, and 35 micro-cap stocks on the main board of Shanghai and Shenzhen have achieved a 10% daily limit.
The reason for the micro-cap group** should be that the past 1 month has been a record**. The data shows that in just 25 trading days from January 5 to February 8, 2024, the micro-cap stock index has increased from 341222 o'clock ** to 173221 points, a drop of 4924% are close to "halved". This has broken the record for the fastest since the index was opened. Just before this round, the micro-cap index went from 604 on October 19, 201867 points, all the way up to 3412 on January 5, 202422 points, the range rose by 46431%。
So, what does this round of adjustment of micro-cap stocks mean? Niu Yang, general manager of Hualong ** People's Avenue interviewed by upstream news reporters, analyzed that the first.
First, the bull market pattern of micro-cap stocks has not fundamentally changed. Although the micro-cap index ranks first in the world, it is accustomed to the "slow rise and fast fall" but the center of gravity continues to rise in the mode, indicating that after each rapid **, the main funds have increased the concentration of chips. In fact, since this round of **, the trading volume of the micro-cap stock index has always maintained a moderate upward momentum and strong continuity, and the rapid decline in the past 1 month has been accompanied by a large volume, which belongs to the main institutional change behavior, and the release of the panic disk has given the opportunity to take short funds to find a dip. Therefore, the bull market pattern of micro-cap stocks has not fundamentally changed, and it is worth looking forward to another record high in the medium and long term.
Clause. Second, the adjustment has entered a tug-of-war, and the situation is gradually favoring the bulls. According to the previous rules, either the continuous short pulling up to the adjusted halfway up to the middle of the mountain near the second bottom, or the big black rod directly devours the big white line to form a "shock position washing", which is intended to consolidate the bottom. After all, 50% of the first month is quite sufficient, and no matter how the rhythm changes, it is a process in which the power of the air side is gradually weakened and the power of the multiple sides is slowly strengthened, that is, the adjustment of the power of the air side has entered a state of tug-of-war.
Clause. 3. **Prefer sub-IPO stocks that are seriously over-falling. Under normal circumstances, as long as there is no major problem with the company's fundamentals and the short-term decline reaches 50%-70%, there is a high probability that a stage buying point will be formed, and some are even medium and long-term buying points. As far as ** is concerned, micro-cap stocks led by over-falling new stocks, due to their relatively good performance, make the demand for self-help strong, more susceptible to the speculation of ** floating capital, and is also conducive to the rapid recovery of popularity.
Clause. Fourth, the medium and long-term selection of industry leading potential stocks with growth potential. As mentioned above, the high-performing stocks in the micro-cap sub-IPO fell by 50%-70%, which may be a long-term buying point. Of course, the long-term buying point depends on the fundamentals, that is, such listed companies, one is that the fundamentals must have long-term upward potential (such as in line with the national industrial policy theme), and the other is that the core competitiveness has a leading position or leading potential. In contrast, this kind of value investment-type sub-IPO stock is difficult to excavate, slow but long-term, and has the potential for high transfer and high dividends, which requires long-term vision and long-term determination of investors.
After comprehensive analysis, our view on the post-holiday of micro-cap stocks is: short-term, see the rainbow after the storm; In the medium and long term, the scenery should be long-term.
The views in the article are for reference only and do not constitute investment advice
Upstream news reporter Wang Ye.