28 BSE Firms Draw Institutional Research; Tonghui Electronics Most Sought
In the month to August 19, 28 Beijing Stock Exchange (BSE) companies received institutional research. Tonghui Electronics drew the most attention with 64 institutions. Brokerages covered 27 firms, funds 21, private funds 18, insurers 10, and overseas institutions 6. The surveyed firms averaged a 0.80% gain, with 18 stocks rising; Dier Chemical, Zhongyu Technology, and Ailun Medical led with gains of 15.61%, 14.25%, and 10.97%. Average daily turnover was 4.48%, with Jihechang, Hongshida, and Oulun Electric at 23.33%, 12.49%, and 12.08%. The average market cap of surveyed firms was RMB 2.478 billion, versus RMB 2.538 billion for all BSE firms.
In the past month (July 20 to August 19), a total of 28 Beijing Stock Exchange (BSE) companies received institutional research. Tonghui Electronics was surveyed by 64 institutions, the highest number among the companies. By institution type, securities firms conducted research on 27 companies, funds on 21, private funds on 18, insurers on 10, and overseas institutions on 6.
By Shenwan industry classification, the surveyed companies span 11 industries, with basic chemicals, machinery and equipment, and automobiles being the most concentrated, with 6, 4, and 4 companies respectively. In terms of research frequency, Tonghui Electronics, Hongshida, and Guohang Yuanyang each received two research visits.
In market performance, the surveyed companies rose an average of 0.80% over the past month, with 18 stocks gaining. Dier Chemical, Zhongyu Technology, and Ailun Medical led the gains, rising 15.61%, 14.25%, and 10.97% respectively. The average daily turnover rate was 4.48%, with Jihechang, Hongshida, and Oulun Electric recording higher turnover of 23.33%, 12.49%, and 12.08% respectively.
As of the close on August 19, the average total market capitalisation of all BSE companies was RMB 2.538 billion, while that of the surveyed companies was RMB 2.478 billion. Among them, Hongshida, Guohang Yuanyang, and Anda Technology had the largest market capitalisations.