The Beijing Stock Exchange market continues to be hot, and institutions suggest cautious investment

2023-11-29

The 50 component stocks of the Beijing Stock Exchange have shown a significant upward trend in the past month. Data source: Wind (as of the close on November 28th). In recent times, the market trading on the Beijing Stock Exchange has remained active, with the Beijing Stock Exchange 50 Index rising more than 39% in the past month, and market transaction volume hitting new highs. Industry experts point out that the recent sustained popularity of the Beijing Stock Exchange market is due to a combination of factors such as policy support, capital inflows, valuation advantages, and increased market activity. With the implementation of subsequent reform measures, the market on the Beijing Stock Exchange is expected to continue. However, at the same time, investors still need to pay attention to market risks and invest cautiously. The North China Securities 50 Index has risen by over 39% in the past month. On November 28th, the North China Securities 50 Index slightly declined. However, based on recent performance, the Beijing Stock Exchange market is still relatively hot. According to Wind data, as of the close on November 28th, the Beijing Stock Exchange 50 Index has risen by over 12% this year. In the past month, the growth rate of the Beijing Stock Exchange 50 Index has reached 39%. Among the constituent stocks in the index, six stocks on the Beijing Stock Exchange, including Datang Pharmaceutical and Star Technology, have risen by over 100% in the past month, while 18 constituent stocks have risen by over 50% in the past month. Under the hot market conditions, the transaction amount on the Beijing Stock Exchange has also frequently reached historical highs recently. On November 21st, the Beijing Stock Exchange 50 Index rose 4.51%, with market transactions reaching 10.272 billion yuan; On November 22nd, the Beijing Stock Exchange 50 Index rose 8.43%, with a market transaction amount of 13.138 billion yuan; On November 23rd, the market transaction volume of the Beijing Stock Exchange reached 15.607 billion yuan, reaching a new historical high; On November 27th, the daily transaction volume of the Beijing Stock Exchange market exceeded 30 billion yuan, setting a new historical record; On November 28th, the market transaction volume of the Beijing Stock Exchange also reached a historically high level of 23.03 billion yuan. Multiple listed companies on the Beijing Stock Exchange have issued notices of abnormal stock trading fluctuations, warning of risks or announcing suspension of trading for verification. On the evening of November 27th, companies listed on the Beijing Stock Exchange, such as Kaihua Materials and Zhisheng Information, considered significant fluctuations in stock prices and high market attention. In order to protect the interests of investors, they applied to the Beijing Stock Exchange for suspension of trading for verification. The company's stock will be suspended from trading on November 28th. During the suspension period, the listed company will verify the abnormal fluctuations in stock trading and apply for resumption of trading after disclosing the verification announcement. The Beijing Stock Exchange is also actively strengthening trading supervision. From November 20th to November 24th, the Beijing Stock Exchange took a total of 93 self regulatory measures, including verbal warnings, regulatory attention, and issuing warning letters, in response to abnormal trading behaviors such as intraday price boosting and suppression, large or continuous declaration of limit up prices. Key monitoring will be carried out on "Kaihua Materials," "Zhisheng Information," and "Huayang Transmission" that have experienced abnormal growth in recent times, urging members to strengthen customer trading behavior management and promptly alert investors of relevant trading risks. The Beijing Stock Exchange stated that it will continue to strengthen trading supervision and maintain normal trading order in the market. "The recent popularity of the Beijing Stock Exchange market is due to various factors such as policy support, capital inflows, valuation advantages, and increased market activity." Tian Lihui, Dean of the Financial Development Research Institute of Nankai University, said that since last year, policy has repeatedly emphasized support for the development of private enterprises and introduced multiple measures to encourage specialized, refined, and innovative development; Beijing Stock Exchange

Edit:Hou Wenzhe    Responsible editor:WeiZe

Source:Economic Information Daily

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