GEM Index Fell Below 1100 Points

Yesterday, the GEM index fell sharply, not only leading the decline of major stock indexes, but also falling below 1100 points for three consecutive trading days.

The GEM index opened lower at 1124.34 points yesterday. The weakness of the GEM fell all the way down. It finally closed at 1093.77, down 32.75 points, Decline 2.91%。

The trading volume of the GEM was 7.219 billion yuan, down 24.39% from the previous trading day.

138 out of 156 trading stocks on the GEM fall Only 15 rose. 69 stocks fell by more than 3%, Le.com fell by the limit, and Huichuan Technology fell by 8.18%; None of the rising stocks rose more than 2%, and Shanghai Kaibao, Shuanglong, Warburg Pincus and Tianlong Optoelectronics rose more than 1%; Three stocks of Nanfeng, WBD and Ketai Power ended flat.

Sun Xudong, an analyst with Yinteng Prospective Financial News, believes that the recent market adjustment is increasingly obvious, overestimate Value varieties face great pressure to cover losses, and funds begin to flow to undervalued varieties to avoid risks. As the highest valuation plate, GEM is very normal to kill losses, and there is still adjustment risk in the short term.