38 BSE Firms Draw Institutional Research in Past Month; Hongshida Most Watched, Average Gain 9.35%
In the past month, 38 Beijing Stock Exchange (BSE) companies received institutional research, with securities firms covering all of them. Hongshida attracted the most attention, with 70 institutions participating. The researched companies rose an average of 9.35% over the period, with 31 gaining; Caike Technology, Zhuozhao Dispensing, and Kangbit led with gains of 48.58%, 37.28%, and 36.07%. Average daily turnover was 4.57%, and the average market cap of researched firms was RMB 2.839 billion, versus RMB 2.555 billion for all BSE companies.
In the past month, 38 companies listed on the Beijing Stock Exchange (BSE) received institutional research. Based on research dates from July 27 to August 26, the institutions involved included securities firms, funds, sunshine private funds, insurers, and overseas institutions. Securities firms researched all 38 companies, funds researched 34, sunshine private funds 31, insurers 22, and overseas institutions 15.
In terms of individual stock attention, Hongshida drew the most institutional interest, with a total of 70 institutions participating in research. Tonghui Electronics, Fengguang Precision, and Haineng Technology received research from 58, 57, and 50 institutions, respectively. By Shenwan industry classification, the researched companies span 13 industries, with basic chemicals, machinery and equipment, and electronics leading in numbers, at 7, 7, and 5 companies, respectively. In terms of research frequency, Hongshida, Zhongyu Technology, and Anda Technology each received two research visits, while the rest received one each.
In market performance, the researched BSE companies rose an average of 9.35% over the past month, with 31 companies seeing share price gains. Caike Technology, Zhuozhao Dispensing, and Kangbit led the gains, rising 48.58%, 37.28%, and 36.07%, respectively. In terms of turnover, the average daily turnover rate of the researched companies over the past month was 4.57%. Qian'an Technology, Jihechang, and Hongshida had relatively high average daily turnover rates of 20.8%, 20.6%, and 11.37%, respectively.
As of the close on August 26, the average total market capitalization of all BSE companies was RMB 2.555 billion, while the average for companies that received research in the past month was RMB 2.839 billion. Among the researched companies, those with the largest market capitalizations include Airong Software, Hongshida, and Minshida, among others.