Red Week Reporter | Liu Zenglu
New markets, new opportunities. With the upcoming implementation of the Beijing Stock Exchange's market opening expectations, in the nine trading days since November, the total transaction amount of select tier companies has exceeded the turnover for the whole month of October. Of the 71 stocks listed on the select tier, 69 outperformed the 1.57% stage increase in the three-board index during the same period.
Behind the rise of these companies, their quality has also performed well. According to the reporter's statistics, at present, in the first three quarters of this year, all select tier companies were superior to the main board and GEM companies in terms of revenue growth rate and net profit growth rate, and their profitability and operating capacity were also clearly superior. At the same time, as can be seen from the institutional holdings published in the Third Quarterly Report, 36 companies have already entered the list of major positions of investment institutions.
Some investors told the “Red Weekly” reporter that in the future, the performance of “specialized, special and new” companies will continue to meet expectations and raise expectations, and as market capital recognition continues to increase, attention to institutional capital will also continue to rise and drive up sector valuations.
Selected tier companies generally rose before the opening of the Beijing Stock Exchange
As the opening of the Beijing Stock Exchange approaches, the market performance of select tier companies can be described as extremely active. Overall, since November (as of the 11th, same below), the total number of shares traded by select tier companies has been 605 million shares, with a total transaction amount of 9.886 billion yuan, surpassing the transaction volume of 385 million shares and 7.888 billion yuan for the whole month of October.
Previously, select tier companies belonged to the OTC market, and many machines...