Since the stock market began adjustments in August, despite experiencing several rounds of rallies and an index increase nearing 25%, there are still 20 stocks that hit new highs against the trend on Monday. Statistics show that these bull stocks mostly share the characteristic of having a small market capitalization. Among them, seven belong to emerging industries, while about one-fourth have重组 (restructuring) potential.
In terms of shares outstanding, 14 out of these 20 stocks have between 100 million to 300 million shares. Stocks like *ST Gaotao, Orient Landscape, and Yintech Control have less than 100 million shares outstanding. Only Xinyu Aluminum and Baosteel Rare Earth have over 500 million shares outstanding.
Additionally, another noteworthy feature is that emerging industries have become fertile ground for bull stocks. Statistics indicate that seven stocks that hit new highs against the trend are related to emerging industries. For example, companies related to new materials such as Orient Tantalum Industry and Baosteel Rare Earth; new pharmaceuticals such as Yuwell Medical and Qiuha Pharma; and energy conservation and environmental protection-related companies such as Yintech Control and Haiter Control.
— Shanghai Securities News