Data is a treasure. Data treasure makes stock trading less troublesome. Bitcoin hit $13,000, and A-share blockchain concept saw many stocks hit their daily limit. After a day of dormancy yesterday, blockchain concept stocks broke out again today, including Julong Holdings, Chenxi

2024/04/2900:04:32 hotcomm 1136

Data is a treasure

Data treasure

Stock trading has less worries

Bitcoin hits $13,000, A-share blockchain concept multi-stock daily limit.

After a day of dormancy yesterday, the blockchain concept stock broke out again today, including Julong Shares, Chenxin Technology, Hua Media Holdings, Zhongyuan Shares and other blockchain concept stocks hit their daily limit.

The concept of blockchain has been active recently. Within ten minutes before the close of last Friday, many concept stocks including Accurate Information, Xinchen Technology , Yijian Shares, Chenxin Technology and other concept stocks quickly reached their daily limit. At the opening of the market on Monday, many blockchain concept stocks collectively opened higher, but then weakened. Today, blockchain concept stocks are making a comeback and are gaining strength again.

Data is a treasure. Data treasure makes stock trading less troublesome. Bitcoin hit $13,000, and A-share blockchain concept saw many stocks hit their daily limit. After a day of dormancy yesterday, blockchain concept stocks broke out again today, including Julong Holdings, Chenxi - DayDayNews

Prior to this, two blockchain concept stocks had shown a trend of continuously pulling up the daily limit, namely Kelan Software and Hengyin Financial . Kelan Software suddenly reached the daily limit without any good sign last Tuesday, and then it reached the daily limit for 4 consecutive times. As for Hengyin Financial , it hit its daily limit in early trading last Thursday, and then hit three daily limit levels in a row.

Kelan Software itself is also at a loss as to the reasons for the continuous price limit. It issued a change announcement on April 21, stating that "there is no information that should be disclosed but has not been disclosed." Evergreen Financial does not want to take advantage of the hot topic of blockchain. In its announcement, it stated that "the company has no substantial research and development activities on blockchain-related technologies. Blockchain-related technologies have not formed any related products or applications or sales in the company." Hengyin Financial opened at the limit today. However, as the blockchain concept gained momentum during the session, the company's stock price quickly rose again.

Bitcoin has tripled this year

The strength of the blockchain stems from the recent surge in Bitcoin. Starting from June 14, Bitcoin ended the range consolidation between US$7,000 and US$8,000 since late May and started a new round of rise. Last weekend, Bitcoin successfully broke through the US$10,000 mark. After a three-day break, Bitcoin continued to rise. It rose by more than 6% yesterday and rose again by more than 6% today. It once rose nearly 10% during the session and successfully stood at US$12,000 and launched an impact on the US$13,000 mark.

Data is a treasure. Data treasure makes stock trading less troublesome. Bitcoin hit $13,000, and A-share blockchain concept saw many stocks hit their daily limit. After a day of dormancy yesterday, blockchain concept stocks broke out again today, including Julong Holdings, Chenxi - DayDayNews

Bitcoin bottomed at $3,122.3 late last year, ending a year-long bear market. Since the beginning of this year, Bitcoin has been on the rise, with an increase of 28% in April, 62% in May, and nearly 50% in June. As of the latest, the price of Bitcoin has more than doubled compared to last year’s lowest point.

Regarding the current round of Bitcoin’s rise, analysts believe that it is mainly because the good news about well-known companies’ participation in the cryptocurrency market has increased market enthusiasm and enhanced investors’ confidence in cryptocurrency. Facebook has signed up well-known companies such as Mastercard, Visa, PayPal and Uber to launch a cryptocurrency next year.

In addition, expectations that the Federal Reserve is likely to cut interest rates have stimulated capital inflows. According to media reports, the possibility of the Federal Reserve cutting interest rates in July has increased, and the U.S. dollar exchange rate has fallen further, which is good news for Bitcoin.

The trend of blockchain concept stocks has generally been poor in the past two months

For blockchain concept stocks, the good news this year is not only the surge in Bitcoin, but also the names and registration numbers of the first batch of blockchain information services in March this year. Issued on the 30th. Affected by the news, blockchain concept stocks surged on April 1, with more than 20 concept stocks hitting their daily limit that day.

However, the rise is not sustainable. Databao statistics found that among more than 50 blockchain concept stocks, only 9 latest closing prices were higher than the closing price on April 1, while the prices of more than 40 individual stocks have been There were 17 companies whose prices were lower than the price on April 1, with a drop of more than 20%.

The one with the best increase is Jinyi Technology , which has increased by more than 50% compared with the closing price on April 1. The company announced last year that it would conduct research on ETC and transportation big data blockchain with professional institutions. The current share price of Zhongyuan Shares has increased by more than 20% compared to the price on April 1. The company's subsidiary Shixuan Technology is exploring the practice and application of blockchain technology in the medical field.

The biggest decliners were Shenzhen Chase . Due to the impact of violent anti-law practices, the stock price has plummeted by nearly 50% compared to April 1.Hailian Jinhui's trend is also not good, with a decline of more than 40%. It is worth noting that the company's "Hailian Jinhui Supply Chain Service System" service platform has obtained the first batch of blockchain information service registrations.

Data is a treasure. Data treasure makes stock trading less troublesome. Bitcoin hit $13,000, and A-share blockchain concept saw many stocks hit their daily limit. After a day of dormancy yesterday, blockchain concept stocks broke out again today, including Julong Holdings, Chenxi - DayDayNews

Sluggish blue-chip blockchain concept stocks

Judging from performance, among the above-mentioned blockchain concept stocks, only four companies, namely Guardone, Jinyi Technology, Xinguodu , and Tianguang Zhongmao, have released semi-annual report previews , among which Xinguodu's mid-term report predicts an increase, Jinyi Technology's mid-year report predicts a turnaround, Guardong predicts a loss reduction, and Tianguang Zhongmao predicts its first loss.

Judging from the performance of the first quarter report, the performance of 8 concept stocks including Yuyin Shares, Hang Seng Electronics , and Xinguodu have doubled. Comparing with last year's semi-annual report, Databao statistics found that 9 stocks, including Hang Seng Electronics, Baofeng Group, Anne Holdings , Yuyin Holdings, Zhongke Financial , and Xinguodu, performed better in this year's first quarter report than in last year's semi-annual report.

From a valuation perspective, 17 of the blockchain concept stocks have a rolling price-to-earnings ratio of less than 40 times, and 13 of them have increased by less than 50% this year. Thalys is the only stock whose stock price fell during the year, with a drop of nearly 10% during the year. In May this year, the company announced its cooperation with Ant Financial's blockchain company in the blockchain medical field. Shengguang Group’s growth during the year was only 3%. The company stated on its interactive platform that it has blockchain-related technologies.

Data is a treasure. Data treasure makes stock trading less troublesome. Bitcoin hit $13,000, and A-share blockchain concept saw many stocks hit their daily limit. After a day of dormancy yesterday, blockchain concept stocks broke out again today, including Julong Holdings, Chenxi - DayDayNews

Statement: All information content on Databao does not constitute investment advice. The stock market is risky, so investment needs to be cautious.

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