A Shares Lifted To Usher In Peak 100 Yuan Technology Stocks Or Pressure

Although lifting the ban is not equivalent to reduction, every large-scale lifting of the market can cause widespread concern.

Reporters statistics Wind data found that in the past two months, the A share market will usher in a large-scale lifting of the ban. In June, the overall lifting of the ban market value of about 208 billion 900 million yuan, an increase of 30 billion 800 million yuan compared with last month, up to June 16th, still more than 120 billion 600 million yuan to lift the market value. In July, as the first batch of science and Technology Board companies welcomed the centralized lifting of the ban, the total lifting of A shares reached about 448 billion 800 million yuan.

Judging from the lifting of the ban this month, the majority of information technology, material, industry, and optional consumer industries are mostly stocks. It is worth noting that some well-known hundred dollar technology stocks are lifting the ban, including Zhuo Sheng Wei, Xinyuan micro, mega Yi innovation and Ningde era. Among them, Zhuo Sheng micro lifted the ban on the scale of 19 billion 700 million yuan, ranking the highest.

Since last year, technology and consumer sectors have seen many new stocks, which have generated hundreds of shares. Many market analysts believe that the lifting of the ban on these stocks or to create some pressure. "Because many technology stocks are still at a high level, some funds may have high willingness to cash in, and we still need to pay attention to the reduction plan after the lifting of the ban on high priced stocks." A broker said.

The peak of the lifting of the ban is coming.

"The lifting of the ban on these two months is indeed relatively large. Next month, we will welcome the first wave of the lifting of the ban on science and technology." Talking about the issue of lifting the ban, the specific issue of the reporter has not been thrown out, and the brokers have blurted out, showing the market's attention.

Judging from this month's situation, as of June 16th, A shares still have 77 stocks restricted shares to be lifted, lifting the number of shares of 7 billion 900 million shares, lifting the market value of about 120 billion 600 million yuan.

In terms of stocks, Zhejiang Merchants Securities have the largest number of shares lifted. Zhejiang Merchants Securities went public in June 26, 2017. About 2 billion 125 million shares of controlling shareholder Zhejiang three Expressway Co. Ltd. will be lifted in June 29, 2020, accounting for 63.74% of the shares after the lifting of the ban. With the closing price of 9.71 yuan per share in June 16th, the market value of the lifting of the ban is about 20 billion 600 million yuan.

The second largest market for lifting the ban is Zhuo Sheng Wei, which went public in June 18, 2019 and is a new stock issue. In June 18th of this year, a total of 38 million 817 thousand shares of restricted shares held by Zhuo Sheng micro 7 shareholders were lifted, and 33 million 770 thousand shares could be sold in the market except those which could not be sold due to equity pledge and senior sales ban.

Although the lifting of the ban is not large, Zhuo Sheng Wei is one of the "stock kings" in the capital market in nearly a year. Its issuing price is 35.29 yuan / share, the latest closing price is 584.98 yuan / share, the cumulative increase is as high as 15.6 times, corresponding to the lifting of the ban market value has also risen to 19 billion 700 million yuan.

After the above two companies, Peng Ting holdings, Guangzhou restaurant, Huaguang shares, Changdian technology, Ningde era and other lifting the market value of the ban is also more than 3 billion. Among them, the number of lifting the ban on Changdian technology is 173 million shares, the type is the placement shares of the private placement institutions, and the date of circulation is June 19th. The number of Ningde's lifting of the ban was 22 million 990 thousand shares, the type of the initial shareholder restricted shares, the date of circulation is June 29th.

From the industry perspective, the lifting of the ban stocks concentrated in Information Technology (22), materials (17), industry (17), optional consumption (12). Technology and consumption are the better sectors this year.

Among them, there are many star stocks, such as West Mai food, affected by the "home economy" under the epidemic, the stock price has reached a record high and doubled in the year. The lifting of the ban is the initial shareholders of the restricted shares, a total of 14 million 910 thousand shares. "Domestic alternative" Daniu trillion easy innovation, the lifting of the ban on the type of equity incentive restricted shares, the number is only 2 million 60 thousand shares, but the corresponding market value of 440 million yuan.

Referring to the scale of the lifting of the ban in June, Tan Yunhun, head of the Guangdong open securities strategy group, told reporters that the lifting of the ban in June was relatively large, but it was not too high to be compared with that in January 2019 and April 2020. The stock price of a company is not only affected by the lifting of the stock market, but also depends on the willingness of shareholders to reduce their holdings. The market environment will also play a key role in that time.

If the lifting of the ban in June is still only a "high" level, the scale of lifting the ban in July will be considerable, and the market value of the lifting of the ban will reach about 448 billion 800 million yuan.

Among them, the company has contributed a large proportion. The company will run for one year, and the first batch, the institutional placement and the strategic placement of the first scientific and Technological Innovation Board will face centralization. In July, the release of pressure on the lifting of the ban was lifted. The scale of the lifting of the ban in one month amounted to 169 billion yuan, accounting for 37.24% of the total ban on the whole year.

But for now, the biggest lifting of the ban in July is not in the company of Chuang Chuang, but in the pharmaceutical industry. When the company went public for three years, the initial shareholder restricted shares were lifted, lifting the market value of about 45 billion yuan.

Technology stocks reduce pressure

For the market, lifting the ban is not the decisive factor affecting the stock price. There is no direct relationship between lifting the ban and share price performance. From the historical data, the higher the lifting of the ban is, the greater the probability that the market will go up. Therefore, in the lifting of the ban peak, the market will not necessarily be affected, because even if large shareholders outflow, there may be other capital inflows such as foreign capital. Zhejiang Merchants Securities Strategy Analyst Chen Hao believes.

The pressure on investors is whether they will be held down by shareholders after lifting the ban.

A few days ago, 100 yuan technology shares top technology was reduced by 11 million 619 thousand and 900 shareholders, cash in about 2 billion 795 million yuan. Trillion Yi innovation and San an photoelectric both released the national large fund reduction plan; Chengmai technology disclosure reduction plan involves the amount of 1 billion 538 million yuan. Without exception, the company's share price fluctuated.

In this month's list of lifting the ban, Zhuo Sheng Wei, Ningde era, trillion easy innovation, poly Chen shares, and Xinyuan micro market are all the hottest technology stocks in the market. Trillion easy innovation, Ningde time accumulated nearly 50% in the year, the core source micro cumulative increase of 56%.

"For individual stocks, lifting the ban may have pressure on some star technology stocks. Because since last year, technology stocks have shown signs of success, stock prices are at a high level, some funds may have high willingness to cash in, and star stocks are holding down pressure. Chen Hao said, "however, the pressure of stock prices should be combined with fundamentals and prices, so we can not simply observe the situation of inflow and outflow of funds. If some star stocks are strong in fundamentals, although there will be pressure, but then they will go up, but if the fundamentals are not so strong, there may be a marked decline.

On the whole, Chen Hao believes that lifting the ban will not be a big turning point in the rise and fall of technology stocks. Short-term fluctuations will not be brought about by lifting the ban. The factors may include market risk preference and the evolution of overseas epidemic. In the long run, the key is whether the changes in the business orders, policies and key events are expected to observe the fluctuation of stock prices.

And next month, the company that focuses on the lifting of the ban is the focus of technology stocks. In response, Tan Yunhun said that the science and technology board in January has ushered in a wave of lifting the ban, but because the fundamentals are better, the lifting of the ban on its limited impact.

"In July this year, the science and Technology Board will usher in a one-year lifting of the ban. Its scale is relatively large, and its main lifting officers are core technical personnel and investment institutions in the primary market. But in the long run, the trend of science and technology stocks has not changed. The technology stocks are still in the upward cycle. The issuance of the science and technology board fund will also provide support for the follow-up science and technology board at the financial level, and the callback is also an opportunity for the relevant funds to intervene in high-quality assets. Tan Yunhun said. (Editor: Zhang Xing)

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