22 Beijing Stock Exchange Firms Receive Institutional Research; Fushida Most Sought, Average Market Cap RMB
In the month to August 11, 22 Beijing Stock Exchange companies received institutional research, with Fushida drawing the most attention from 32 institutions. The researched firms had an average market capitalisation of RMB 2.714 billion, above the BSE average of RMB 2.545 billion, and fell an average 0.69% over the period. Oulun Electric was the most frequently researched, while Datang Pharmaceutical led gains with a 17.59% rise.
In the past month (July 12 to August 11), 22 companies listed on the Beijing Stock Exchange (BSE) received institutional research. By institution type, securities firms covered the most companies, at 21; fund companies researched 16, sunshine private funds 10, and insurance and overseas institutions three each. In terms of individual stock attention, Fushida received research from 32 institutions, ranking first; Taihuxue, Oulun Electric, and Sanxie Motor received 31, 27, and 27 institutions, respectively. Regarding research frequency, Oulun Electric was researched twice during the period, the most frequent.
By industry, the 22 companies span 12 Shenwan industries, with four each in basic chemicals and machinery equipment, and three in pharmaceuticals and biotechnology, where institutional attention was relatively concentrated. In market performance, the researched companies fell an average 0.69% over the month, with 10 seeing share price gains. Datang Pharmaceutical, Taihuxue, and Haisheng Medical led gains, rising 17.59%, 15.08%, and 15.02%, respectively. In turnover, the average daily turnover rate for the researched companies was 4.25%, with Oulun Electric, Hongshida, and Xintianli posting higher rates of 16.14%, 12.30%, and 10.95%, respectively.
As of the close on August 11, the average total market capitalisation of all BSE companies was RMB 2.545 billion, while that of the researched companies was RMB 2.714 billion. Among the researched firms, the largest by market cap included Hongshida, Fushida, and Anda Technology.