摘要继2018年第一只仙股退市后，长达半年多没有仙股退市，直到2019年下半年才出现了仙股，并且频繁出现，国内外学者对于仙股的分析很少，也导致国内中小投资者对仙股的风险不了解，则需要详细的研究分析。本文详细介绍仙股的由来，A股市场的仙股现状，调查分析了A股市场中仙股的产生原因和仙股频频发生的原因。分析仙股频发原因并从中找到仙股的风险，并且提出风险防范建设的建议。分析出中小投资者对仙股的投资对策，给中小投资者提出建议。本文对A股市场中仙股频发的原因进行探究以求分析出投资对策。全文分六个部分：第一部分是阐述A股市场的仙股现状：第二部分A股市场中是仙股发生的原因和仙股频频发生的原因：第三个部分是分析仙股频频发生对市场的影响：第四个部分是风险防范建设：第五个部分是对仙股的投资对策：第六个部分是总结。关键词：A股市场仙股退市ABSTRACTAfter the delisting of the first penny stock in 2018,there was no penny stockdelisted for more than half a year,and it didn't appear until the second half of2019,and the penny stock appeared frequently.Scholars at home and abroadseldom analyzed the penny stock,which also led to the lack of understanding ofthe risks of the penny stock among small and medium-sized investors in China,so detailed research and analysis were needed.This paper introduces the origin of fairy stock in detail,the present situationof fairy stock in a-share market,and investigates and analyzes the reasons forthe emergence of fairy stock in a-share market and the reasons for the frequentoccurrence of fairy stock.This paper analyzes the causes of the frequentoccurrence of fortune stock and finds out the risk of fortune stock,and putsforward the suggestion of risk prevention construction.The paper analyzes theinvestment countermeasures of small and medium investors and puts forwardsome Suggestions to small and medium investors.This paper probes into the reasons for the frequent occurrence of fairystocks in the a-share market in order to analyze the investment countermeasures.The thesis is divided into six parts:the first part is to elaborate the presentsituation of the A share market;The second part of A share market is the reasonfor the occurrence of fairy shares and the reason for the frequent occurrence offairy shares;The third part is to analyze the impact of the frequent occurrence offairy stock on the market;The fourth part is risk prevention construction;Thefifth part is the investment countermeasure to the fortune stock;The sixth part isthe conclusion.Key words:A share marketPenny stocksDelist目录一、(一)选题背景及意义1二、A股市场仙股现状分析(一)仙股的数量(二)仙股的价格(三)仙股换手率(四)股价波动性910(一)市场演变的结果，10(二)市场估值合理化10(三)退市机制的完普(四)监管强度的增加..1112(一)把握市场趋势12(二)控制投资风险12(三)端正投资观念13(四)理智选股投资13(五)坚持投资计划14六、总结.151617