After The Festival, The New Shares Will Be Lifted And &Nbsp Will Be Lifted.

Last year

November lifting of ban shares peak

WIND information shows that in 9~12 months, 73 shares of 6 billion 127 million 600 thousand new shares were initially issued, and the original shareholders' restricted shares were lifted. In September and October, there were only 368 million shares and 158 million shares.

Although there are only 6 stocks in the 73 new stock markets (China heavy industries, China Construction, China Metallurgical, China North Locomotive, Shenzhen gas and China Merchants Securities), more than 3 billion shares have been lifted, accounting for half of the total.

On the basis of the proportion of the lifting shares in circulation shares, the Yanghe River shares, Merchants Securities and Lok Pu medical care occupy the top three ranks, which are more than 4 times of the current shares. The proportion of the initial shares of Shenzhen gas in the circulation shares is also very high, more than 3 times. In the small and medium sized boards and gem, the initial shares of Sheng Nong development, robotics, Huaying agriculture, and Li Si Chen share more than 1 times.

In addition, it is noteworthy that in November 1st, the initial stock of the first 23 gem began to enter the circulation field, totaling 1 billion 199 million shares, 1.156 times the current circulation, and the impact on the two tier market was relatively large.

Market analysts analyzed whether there were selling pressure on the new shares mainly by two points: first, lifting the cost of shareholders' shareholding; two, the ownership structure.

At the beginning, the original shareholders who acquired the shares at a low cost had a greater desire to cash in the stock market, while on the shareholding structure, the sub shares with scattered shares were more likely to be sold, especially those with natural holdings and investment companies holding a small amount of shares.

Large shareholders have plenty of reasons to reduce their holdings

Take Xin Sheng new material released recently as an example. There are two investment companies in the company's shareholders: Shanghai Fuxin venture capital and Yuan Feng venture capital. The share holding cost of the former has been reduced to less than 1.5 yuan / share after the dividend payment, and the latter has dropped to less than 1 yuan / share, and the closing price of Hesheng new material is around 27 yuan.

Similarly, Saturday, Yu Shun Electronics, super China technology, Bo Yun new materials and so on have similar situations, brilliant technology, Jingyi shares and so on are mostly natural shareholders, although the majority of executives, but the reason for the reduction is also adequate.

Market trend also looked at lifting the ban "face"

In October, the total market value of the lifting of the Shanghai and Shenzhen stock market reached 1 trillion and 80 billion yuan, an increase of 364.13% over the month, especially the large-scale lifting of the ban on small and medium sized boards and gem.

The signs of the middle and small plates are more obvious. If they continue to adjust after the festival and the weight blue chips are still not active, then the investment channels will become narrower and narrower, and the money making effect of the market will become slim.

In addition, the fourth quarter of the gem will usher in the lifting of the ban craze. At present, the high valuation of GEM has overdrawn future performance. There are not many high-quality companies with sustained growth. The performance of enterprises corresponding to the economic downturn will be difficult to show. The pressure of huge lifting of the ban will have a certain impact on the market. In the face of high stock prices of ten yuan, can small non reduction be unmoved? So the trend of October is really very subtle.