Shanghai: Percent and Ipo Level

shanghai: Experts said the gains show that domestic investors have an appetite for such assets that can't be satisfied yet due to the limited number of companies and tradable shares, according to Global Times China. Turnover reached 585 billion yuan 82.7 billion in the first month, equal to 13.8 percent of the total turnover on the Shanghai market, data released by the Shanghai Stock Exchange showed. Photo IC In the first month of operations for the science and technology board, the 28 initial listings have seen their share prices surge by an average of 171 percent from the IPO level. The turnover ratio on the new board was high at 78 percent on the first trading day, but it declined and stabilized at 10-15 percent at present, the Shanghai Stock Exchange data showed. Dong Dengxin, director of the Financial Securities Institute at the Wuhan University of Science and Technology, said that the turnover ratio on the new board was a little too high, reflecting a supply-demand imbalance. In comparison, the average daily turnover ratio on the A-share markets was only 0.74 percent in 2018, according to domestic media reports. (news.financializer.com). As reported in the news.