Market Sentiment and New Stock Performance - Significant market sentiment shift observed following central bank and political bureau meetings, leading to a sharp increase in risk appetite and a comprehensive rebound in the new stock sector[1] - The average weekly increase for newly listed stocks was approximately 13.5%, a substantial rise from the previous week's average increase of 0.3%[1] - 99.0% of new stocks achieved positive returns during the week, compared to 46.5% in the prior week, indicating a broad-based rally in the new stock sector[1] New Stock Issuance and Pricing - The average issuance price-to-earnings ratio for newly listed stocks in September was 16.5X, reflecting a stable pricing environment[2] - New stocks listed in September showed a downward trend in average first-day closing price-to-earnings ratios, with the average for the month at 43.8X, down from 86.8X in August[9] - The average first-day increase for new stocks was 212.4%, significantly higher than the previous week's average increase of about 50%[13] Upcoming New Stock Opportunities - Three new stocks are set to complete their issuance and listing in the coming week, including one from the main board and one from the North Exchange[19] - Two new stocks will open for subscription, with expectations of active first-day performance due to improved market sentiment[19] - Notable upcoming stocks include Changlian Technology and Tongguan Mining, with anticipated issuance price-to-earnings ratios of 16.5X and 13.5X respectively[21][22]
市场情绪出现重大转折,新股次新交投跟随回暖
Huajin Securities·2024-09-29 08:03