24 BSE Companies Draw Institutional Research; Fushida Leads, Average Rise 1.72%
In the month to August 7, 24 Beijing Stock Exchange companies received institutional research, with Fushida drawing the most attention at 32 institutions. The surveyed firms averaged a 1.72% gain, with 14 stocks rising. Their average total market capitalization reached RMB 3.053 billion, exceeding the exchange-wide average of RMB 2.584 billion. Machinery, basic chemicals, and pharmaceuticals led the sector breakdown, while Oulun Electric and Taikaiying were the most frequently surveyed.
Based on research date statistics, in the past month (July 8 to August 7), a total of 24 Beijing Stock Exchange (BSE) companies received institutional research. Among them, Fushida attracted the most institutions, with 32 participating, followed by Taihuxue, Oulun Electric, and Ruier Jieda, with 31, 27, and 24 institutions, respectively. By institution type, securities firms surveyed 23 companies, funds surveyed 18, private equity (sunshine private funds) surveyed 9, insurers surveyed 4, and overseas institutions surveyed 2.
By Shenwan industry classification, the surveyed companies span 13 industries, with machinery and equipment, basic chemicals, and pharmaceuticals/biotech having 5, 4, and 3 companies, respectively. Oulun Electric and Taikaiying each received 2 rounds of institutional research, the most frequent, while all others received 1.
Market performance: surveyed companies rose an average 1.72% over the month, with 14 stocks advancing. Top gainers included Haosheng Electronics, Taihuxue, and Datang Pharmaceutical, up 33.21%, 19.09%, and 15.70%, respectively. Daily average turnover rate for surveyed companies averaged 4.01%, with Oulun Electric, Hongsida, and Xintianli at 17.08%, 11.69%, and 10.94%. As of August 7 close, the average total market capitalization of all BSE companies was RMB 2.584 billion, while that of surveyed companies was RMB 3.053 billion. Leading market caps included Jinbo Bio, Hongsida, and Fushida.