Gem Is "&Nbsp"; Executives Sell More Than 1 Billion.

With the stock index declining, small and medium-sized boards and companies have been in the second half since late March.

Gem executives scramble for "escape"

After 1100 points on a short stop, the gem index started a sharp adjustment in mid March, and the index dropped from 1107 points to the lowest 897 points, with a drop of nearly 20% during the period, which is much higher than that of the Shanghai Composite Index and the SME board index during the same period.

Because GEM stocks are the most valued sector in the A share market, executives of listed companies are particularly sensitive to stock prices. Once a large-scale value return occurs, the cash flow behavior will increase sharply.

According to the data disclosed by the Shenzhen Stock Exchange on the high regulation and related personnel share changes, this year, in January and February, gem executives reduced their holdings by only 2 million 370 thousand shares and 2 million 520 thousand shares respectively, with the reduction amount of 76 million 970 thousand yuan and 59 million 400 thousand yuan respectively.

However, with the gem index diving in late March, the number of executives reduced shares to 19 million 740 thousand shares in the month, and the amount of cash in circulation reached an astonishing 609 million yuan, which is 3.5 times the total in the first two months.

Since then, the gem index has started to shake around 1000 points in April, and the scale of executive reduction has dropped to less than 20 million yuan in that month.

Since May, the gem index has dropped about 2% times in the two time, and the sharp fluctuation of the stock index has increased the executives' cash.

In just 8 trading days, gem executives have reduced their holdings to 23 million 180 thousand shares, which has exceeded their level in March, and the total amount of cash is 389 million yuan.

Pu Zhongjie became the biggest executive with cash in the market since this year. As the general manager of Le Pu medical, he reduced 15 million shares through bulk trading in March 23rd, accounting for 18.47% of his shareholdings, amounting to 373 million yuan.

Judging from the trend of stocks, the timing of Pu Zhongjie's cash offer is very accurate. Since March 23rd, Le Pu medical shares have fallen by 22%.

Ma Yun, who was originally heated by the media last year, reduced the Huayi Brothers to the second quarter in May. In May 6th, Ma Yun bought 11 million 91 thousand and 600 shares from the bulk trading system, accounting for 18.34% of his holdings, and the cash amount was 177 million yuan.

In this year's overall callback environment, the reduction has become the consensus of gem executives. Although some executives have bought shares in the company, executives bought only 63 thousand and 500 shares this year, and at least 100 shares, with only symbolic significance.

Small and medium board executives "cash flow" down

Although the recent small cap stocks are weak on the whole, the decline of the SME board index is significantly smaller than that of the gem index.

At the same time, the executives of small and medium-sized board companies are more rational in the face of the reduction of their holdings, and the cash flow behavior is obviously down.

Similar to gem, the peak of cash cap of small and medium board executives also appeared in March this year.

According to the Shenzhen Stock Exchange's high regulation and related personnel stock change data, in March, small and medium-sized board executives cut shares of 63 million 820 thousand shares, and the cash amount reached 945 million yuan, hitting a high level in the year, far exceeding the sum of January and February.

In late April, though there was an index dive, executives' holdings had dropped sharply, holding 16 million 558 thousand and 700 shares and 266 million yuan in cash.

Since entering May, the stock index trend has stabilized, so that the desire to cash in executives has dropped. The total share reduction is only 4 million 229 thousand and 100 shares, only 1/4 of last month's total, and the amount of cash flow has also dropped to 88 million 260 thousand yuan.

Yang Wenjiang, chairman of the silver share company, has become the biggest executive of small and medium-sized board companies since March 23rd this year. In March 23rd, he reduced 8 million 723 thousand and 200 shares through bulk trading, accounting for 32.92% of his shareholdings, amounting to $161 million.

It is worth noting that on the next day of Yang Wenjiang's reduction, in March 24th, the Royal Bank shares fell 7.63% without any sign. Obviously, the cash flow behavior of major shareholders has caused a huge impact on the market.

In addition, the "escape" of the executives of Fu Shi shares is also quite noticeable.

During the period of -18 March 15th, 11 executives of URI's shares sold shares, with a total reduction of 26 million 366 thousand and 800 shares and a total of 284 million yuan in cash.

If more than ten executives are cut off at the same time, it is surprising that the trend of the stock market is even more surprising, because the last day of these executives' selling is March 18th, which is exactly the highest closing price of this year. That is to say, executives have chosen a "best" day to sell stocks.