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The Market Value Of GEM Has Shrunk By 172 Billion 600 Million &Nbsp In Three Months, And The Valuation Is Still High.

2011/6/23 17:20:00 127

The Market Value Of Gem Is Shrunk And Valuations Are High.

June 22nd, A

equity market

The market rebounded slightly, Shanghai composite index out of two even Yang.

Under the general trend of major stock indexes,

Gem

The index has once again become a "heterogeneous" market, which has fallen 0.51% against the market for 791.51 days.


Since the two quarter, in the A share market swing situation, the gem has become a "heavy disaster area".

Data show that at the end of 3, the total value of the 196 stocks of gem was 796 billion 356 million yuan.

Excluding the subsequent IPO, the market value of the stock closed at June 22nd was only 623 billion 775 million yuan.

After nearly three months of adjustment, the market value of the gem has evaporated 172 billion 582 million yuan, and the market value has shrunk by 21.67%.

In the same period, the Shanghai Composite Index fell by only 9.52%, and the growth enterprise market lost 12 percentage points.


  

Price of stock

The fall in earnings and earnings ratio of new shares make the valuation level of gem at present lower than that at the end of 3.

In March 31st, the average dynamic price earnings ratio of gem was 53.87 times, while that of June 22nd fell to 41.17 times.

Vertical comparison shows that the overall valuation of GEM has declined significantly, but in the horizontal comparison, the overall valuation of gem is still far higher than the average price earnings ratio of the motherboard stock, which is at a higher level in the A share market.


In the comparable 196 GEM stocks, since April, only 12 stocks have risen against the market, and the overall general decline is very obvious.

In terms of stocks, China and Switzerland, the national technology and Anju Bao have become one of the largest share of GEM stocks during the period, and their cumulative decline since April has reached 44.10%, 41.51% and 40.02% respectively.

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