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China - GEM market plunged 8% December 2, 2013 - while drug stock gain December 3 on news of new H7N9 case

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  • China - GEM market plunged 8% December 2, 2013 - while drug stock gain December 3 on news of new H7N9 case

    The GEM market lost 8% yesterday.

    GEM plunged more than 8%


    Ocean News Time: 2013-12-03 Source: Guangzhou Daily Author: Zhang Zhong

    By the news of the A-share IPO restart over 400 stocks hit bottom yesterday
    GEM plunged more than 8%
    Growth stocks has been keen speculation before the little Mr. Bai Lingwang yesterday very depressed. Subject to multiple factors such as the impact of IPO restart, suffered a GEM "5.30", hit three day limit stocks, refer to "stand"! And the first trading day in December, A shares suffered unprecedented large area limit, up close, over 400 companies have been sealed in the daily limit. Among them, wearing a "growth stocks" aura GEM plunged 8.26 percent.
    Reporter Zhang Zhong

    Over 400 stocks hit bottom
    GEM
    Plunged 8.26% to close
    328 stocks only three meteoric rise
    Investors exclaimed -
    More than 400 stocks hit bottom ah
    "Wow, two hours did not see, so many are the limit!" Wang yesterday afternoon to see the A-share in a pathetic state, let it also expect Monday's intention to make a completely shattered. Like many investors with Wang, shouted stand.
    The last day of November, the Commission issued its IPO market is extremely sensitive to the reform, saying the next year in January, the new 50 listed companies. IPO restart by news yesterday of A shares opened sharply lower in early trading. However, brokers, banks and other financial stocks lift, the stock market once meteoric rise, but still could not withstand the market sell-off, and sharply lower, the Shanghai Composite Index plunged 2.16 percent, the lowest intraday, intraday decline over 9% stocks over 400.
    At the close, the motherboard company panic slightly eased, stock index decline narrowed to 0.59 percent, to hold the 2200 points to 2207.37 points; Shenzhen Component Index fell 1.94 percent. Reporters Statistics found that including ST stocks, including yesterday, a total of 440 A-share company's share price hit bottom, is rarely seen in history.
    The small-cap stocks but many investors experience the old "Shajiao slump." At the close, the GEM index plunged 8.26 percent, its biggest one-day drop since listing, trading of 328 shares only three companies meteoric rise, limit 227 companies, accounting for Qi Cheng. Stir in the market including pre Huayi Brothers, CY Bao, day boat culture, any sub-line, blue cursor, light media, technology and other large palm interested Niugu are spared to lie on the daily limit.
    Institutions very calm
    The first wave of panic has passed
    "Investors are now only do that screening in the hands of individual stocks." This is a comment is a leading brokerage stocks fell yesterday after made. According to the reporter, but most agencies seem calm, considered too pessimistic interpretation of yesterday's market, the market has passed the first wave of panic.
    "In fact, IPO is just a signal to restart it, we should see the overall impact on the stock market after the IPO reform." Macroeconomic analyst at a brokerage said.
    Galaxy Securities chief strategist Sun Jianbo warned investors, negative impact was short-lived. IPO IPO restart but little reform document content only. SFC is a series of documents we expect reforms, market reforms vision deductive logic should be strengthened, it should be good. "Short-term stress can not be completely ruled out, but it should not be too worried." Jianbo said.
    Hunters may also want to wait
    "Rare over 400 stocks hit bottom, is not a good opportunity to buy the dips?" Ms. Xie investors yesterday issued a Finance group in doubt, investors are instantly triggered heated debate. In this regard, the majority of investors believe that dare not hunters. Brokerage bigwigs also said that from a historical perspective, often limit hundred shares almost be a good opportunity for bargain-hunting, "but this is the impact on policy mechanisms, estimated the short-term will not immediately arrested, or to buy the dips, etc. the first quarter of next year and so it. "



  • #2
    Re: China - GEM market plunged 8% December 2, 2013

    Chinese Small-Cap Stocks Fall the Most on Record on IPOs


    <cite class="byline"> By Weiyi Lim - Dec 2, 2013 3:14 AM ET </cite>



    China?s stocks fell, with a gauge of smaller companies posting the biggest drop on record, amid concern the government?s plan to restart initial public offerings will divert funds from existing equities.
    The ChiNext Index of companies with a median market value of $1 billion sank 8.3 percent to 1,253.93 at the close, paring this year?s gain to 76 percent, as technology shares plunged. The Shanghai Composite Index (SHCOMP) slid 0.6 percent, trimming a loss of as much as 2.2 percent after data showed manufacturing topped estimates in November while PetroChina Co. and China Petroleum & Chemical Corp. rallied in the last 15 minutes of trading.



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    • #3
      Re: China - GEM market plunged 8% December 2, 2013 - while drug stock gain on news of new H7N9 case

      Meanwhile....

      snip


      A gauge of drugmakers in the CSI 300 rose 2.3 percent, the second-most among 10 industry groups. Yunnan Baiyao, a Chinese herbal medicine company, rose 5.2 percent to 105.86 yuan. Jiangsu Hengrui Medicine Co. surged 3.7 percent to 34.16 yuan.



      A 36-year-old Indonesian domestic helper is in critical condition after being infected with the new H7N9 flu strain, Hong Kong?s government said yesterday. She had traveled to the neighboring city of Shenzhen, where she bought and slaughtered a chicken, according to a statement.





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