Core Viewpoint - The article discusses the significant reduction in the number of low-priced stocks in the A-share market, highlighting the rise of stocks priced over 100 yuan and doubling in value, while low-priced stocks have decreased substantially in number and value [3][4]. Summary by Sections Market Overview - As of August 20, the number of stocks priced below 3 yuan and 5 yuan has decreased by over 20% since the beginning of the year, with 153 stocks below 3 yuan and 544 stocks below 5 yuan [3][4]. - The low-priced stocks are predominantly from the main board, with over 90% of them in sectors like real estate, construction, and chemicals [11][14]. Performance of Low-Priced Stocks - Some stocks that were previously low-priced have seen significant increases in their prices, such as *ST Yushun, which rose nearly 700% to 28.33 yuan from 3.56 yuan at the beginning of the year [8][9]. - The low-priced stock index has shown a cumulative increase of 16.49% year-to-date, with a 6.2% increase in August alone [5][17]. Characteristics of Low-Priced Stocks - Many low-priced stocks are associated with companies facing administrative penalties or are on the verge of delisting, such as *ST Suwu, which has seen a price drop of over 90% this year [15][12]. - The article notes that low-priced stocks are often characterized by their small market capitalization, making them more susceptible to price fluctuations and speculative trading [16][17]. Sector Analysis - The majority of low-priced stocks are concentrated in the real estate and construction sectors, with several stocks priced below 2 yuan, including *ST Jinke and Rongsheng Development [14][11]. - The article emphasizes that the current market sentiment towards low-priced stocks is relatively calm, with investors advised to focus on the fundamentals of the companies rather than merely their low prices [16][17].
牛市“消灭”低价股?2元以下仅剩33只,部分个股年内翻番