China Western Electric into a five-year listing on the first team to break the GEM stocks are also break

28, China's Western Electric will be listed on the first day down 1.39%, to become self-August 18, 2006 Air China listed on the first day since the first intraday break.

China Western Electric issue price of 7.90 yuan, after the opening bell today, climbed to 8.19 yuan, but then all the way down shock 7 minutes later below issue price of 7.90 yuan. Unit low of 7.75 yuan to close at 7.79 yuan.

It is reported that since August 18, 2006 Air China listed on the first day since the first disk break, but also following the August 11, 2004 MIZUDA later, another one listed on the first day closing price below the issue of new shares .

Market participants said the high price of new shares issued is a "break" the curse. Statistics show that last year in June, an average circulation of new stock price-earnings ratio of 32.89 times, while in December last year, an average circulation rose to 65.45 times earnings, to January 2010, an average of 35 new shares issued up to 66.87 times earnings.

Similarly, the 28-day listing until 7 days Star scale models and shares the lead story platform and become a GEM "break" and "pioneer."