27 Beijing Stock Exchange Firms Get Institutional Research, Hongshida Most Watched, Average Gain 5.58%
Over the past month, 27 Beijing Stock Exchange companies received institutional research, with securities firms the most active. Hongshida drew the most attention with 61 institutions, followed by Huami New Materials (42), Jingsai Technology (36) and Leishen Technology (34). The surveyed firms rose an average of 5.58%, led by Wanda Bearing (18.53%), Zhongyu Technology (16.81%) and Ailun Medical (14.19%). Average daily turnover was 4.60%. As of August 18, the average market capitalisation of surveyed firms was RMB 2.665 billion, slightly above the BSE average of RMB 2.655 billion.
In the past month (July 19 to August 18), 27 Beijing Stock Exchange (BSE) companies received institutional research. By type of research institution, securities firms surveyed 26 companies, funds participated in 19, private equity (sunshine private funds) surveyed 16, insurance institutions surveyed 8, and overseas institutions surveyed 5. By industry, the surveyed companies span 11 Shenwan industries, with basic chemicals, machinery and equipment, and automobiles being more concentrated, with 5, 4, and 4 companies respectively.
Hongshida ranked first in the number of research institutions, with a total of 61 institutions participating; Huami New Materials, Jingsai Technology, and Leishen Technology had 42, 36, and 34 institutions respectively. In terms of research frequency, Hongshida and Guohang Yuanyang each received 2 research visits, while the rest received 1 each.
In terms of market performance, the surveyed BSE companies rose an average of 5.58% over the past month, with 23 stocks rising during the period. Wanda Bearing, Zhongyu Technology, and Ailun Medical led the gains, rising 18.53%, 16.81%, and 14.19% respectively. In terms of turnover rate, the surveyed companies had an average daily turnover rate of 4.60% over the past month, with Jihechang, Hongshida, and Oulun Electric leading at 23.26%, 12.58%, and 12.23% respectively.
As of the close on August 18, the average total market capitalisation of all BSE companies was RMB 2.655 billion, while the average for companies surveyed in the past month was RMB 2.665 billion. Among the surveyed companies, those with the largest market capitalisation included Hongshida, Guohang Yuanyang, and Anda Technology. Specifically, Hongshida's latest closing price was RMB 134.89, up 3.76% during the period, in the machinery and equipment industry; Huami New Materials closed at RMB 15.26, up 5.97%, in the automobile industry; Jingsai Technology closed at RMB 31.51, up 3.07%, in the electronics industry; Leishen Technology closed at RMB 26.16, down 3.72%, in the computer industry.
Among the other surveyed companies, Mingyang Technology, Taihu Snow, Sanxie Motor, Anda Technology, Guohang Yuanyang, Tongling Technology, Jihechang, Wanda Bearing, Hechang Polymer, Ailun Medical, Haisheng Medical, Hanwei Technology, Tonghui Electronics, Taikaiying, Weimao Electronics, Kelong New Materials, Datang Pharmaceutical, Xintianli, Oulun Electric, Audiwei, Xunan Technology, Zhisheng Information, Zhongyu Technology and others each received research from 1 to 32 institutions, with gains or losses ranging from -7.12% to +18.53% during the period, covering industries such as automobiles, power equipment, transportation, basic chemicals, pharmaceuticals and biotechnology, machinery and equipment, electronics, light manufacturing, home appliances, computers, and textiles and apparel.