Gem Index Rose 5.32% Points To 2527.02 Points

By the end of August 3rd, the overall price earnings ratio of the gem was 91 times, and the net market rate was 8 times. The gem at noon showed a strong rise of over 5%, and 90 share trading.

In terms of capital flow, there has been a large net outflow of capital in gem since July.

After the big fall yesterday, it opened 0.12% today and reported 2396.41 points.

Gem refers to the early morning rush to fall, and then rise again.

In the afternoon, gem means a strong rise. As of press release, the growth enterprise market index rose 5.32% to 2527.02 points.

A total of 365 stocks rose.

There are 90 stock exchanges, such as song song stock and Huijin shares.

A total of 15 stocks fell, Heng Shun Zhongsheng, Tiandi Ke 4 stock market down.

Puyang Hui Cheng fell more than 9%.

Since July, the gem has seen a big fluctuation, and it fell sharply at the beginning of the month.

As of August 3rd, the gem accounted for a cumulative decline of 16.07%, or slightly higher than the Shanghai stock index.

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In terms of valuation, as of August 3rd closing, the overall price earnings ratio of the gem was 91 times, and the net market rate was 8 times. Although the highest point dropped a lot, the overall valuation of the gem is still at a relatively high level in history.

For gem's overvalued value, Haitong Securities (600837) research report pointed out that

The structure obscures the real situation: compared with Nasdaq, the gem does not have a company of more than 100 billion yuan at present, with a market value of more than 90 billion yuan, two, accounting for 0.4% of the total market, and 3.7% of the market value, while NASDAQ has 72 companies with a market value exceeding 90 billion, accounting for 2.7% of the total market value, accounting for 66.2% of the market value (the Research Report ended as at the end of July 24th).

Haitong Securities also said that for growth firms, the significance of PE in the early stage of lack of profits will be greatly reduced, and more needs to observe the trend of fundamental changes.

Capital flows, since July, gem has a large net outflow of funds.

From the single day statistics, in the 24 trading days, the gem capital has only 5 days to achieve net inflow, namely: July 8th (+71.3 billion yuan), July 9th (+42.21 billion yuan), July 17th (+30.93 billion yuan), July 23rd (+25.37 billion yuan) and July 10th (+9.61 billion yuan).

In the context of the overall net outflow, some of the stock accumulated funds showed a net inflow against the trend: data show that since July, 31 companies in the 484 companies of gem have shown net capital inflows, fast travel technology (300467) (+5.25 billion), Sai Sheng Pharmaceutical (300485) (+ 230 million yuan), light power technology (300480) (+2.23 billion), Dahua agricultural (300186) (+2.10 billion) and Gao Weida (300465) (185 million yuan) rank the top.