Sinopec's share price fell to its lowest level since 2007

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Since the beginning of the year, the number of net stocks that have been broken has shown a V-shaped pattern that has decreased first and then increased. On the 6th of January, when the market probed for 2132 points, the A-shares with a P/B ratio (PB matching the latest report period) of less than 1 time had as many as 65 , It became the date with the most net stocks during the year. Since then, the broader market oscillated up and the number of net stocks fell. However, since the May market continued to test, the number of broken net stocks has increased rapidly again. As of the close of July 10th, the A-shares with a P/B (PB matching the latest reporting period) less than 1x climbed to 59, quickly approaching the number of broken net stocks on January 6.

If the broader market continues to oscillate, the net tide will continue to spread. In fact, at present, some A shares have gradually approached the edge of breaking. According to wind statistics, there are currently 37 A-shares whose market-to-book ratio (PB matches the latest reporting period) is less than 1.1 times. Among them, the most noteworthy ones are the weighted blue chips such as Bank of China, Sinopec and China CITIC Bank.

Take Sinopec as an example. After a brief rebound in January, the stock has oscillated all the way down, with a cumulative decline of 16.27% during the year. Since the beginning of this month, the stock has accelerated its decline under the expected downward adjustment of oil prices. As of yesterday's close, the cumulative decline since July has been as high as 7.3%. At present, its PBR (PB matching the latest reporting period) is already less than 1.1 times, quickly approaching breaking. Net red line. It is noteworthy that in the current round of Sinopec's fall, many parties have been firmly suppressed by the empty side, yesterday, the stock dropped to a minimum of 5.75 yuan, hit a new low since 2007, from the quarterly reported net assets per share 5.63 yuan is close at hand.

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