A Shares Turnover Another Trillion, 500 Billion Restrictions On The Sale Of Shares To Lift The Ban On The Tide Of Attack

In July 2nd, the Shanghai stock index continued its upside after reaching 3000 points, rose 2.13%, sworn to 3100 points, Shenzhen Composite Index rose 1.29%, and gem index rose 0.20%. After four months, the total turnover of Shanghai and Shenzhen two cities has broken trillions, accounting for about 1 trillion and 80 billion.

After four months, the total turnover of Shanghai and Shenzhen two cities has broken trillions, accounting for about 1 trillion and 80 billion. Gan Jun photo

With the A share market again hot, the tide of reduction is also "coming rain".

On the evening of 2, dozens of listed companies such as China Railway Group, Tianyu stock and South Wei share issued a notice of reduction or reduction plan. On the evening of the previous day, according to incomplete statistics of economic news reporters in twenty-first Century, there were 54 announcements of reduction related to Igor, Ou Feiguang, Dean's diagnoses and so on.

It is worth mentioning that Wind statistics show that a total of 142 A shares will be lifted in July, lifting the total market value of 503 billion 988 million yuan, lifting the ban on second large scale restricted stocks during the year.

There are many reasons for shareholder reduction. For example, large shareholders are faced with greater pressure from the capital chain and need to cash in liquidity. When the market trend is more reasonable or more popular, it is also easy to appear a large-scale reduction phenomenon; some shareholders may not be good enough for the company's future development expectations, and withdraw in advance. A researcher from a medium-sized brokerage firm in Beijing said.

Reduction of shareholders in several listed companies

In July 2nd, Dean diagnosed a sudden drop of 3.16%, and before that, Dean diagnosed the cumulative increase of over 41% in June.

On the night before, Dean diagnosed the sudden announcement that the controlling shareholder of the company, the actual controller Chen Haibin and his co operative Hangzhou Dean Holdings Limited, in order to repay foreign financing loans, ease the pressure on mortgage debt, reduce their own capital risk and debt ratio, plan to reduce the number of shares of the company by no more than 24 million 818 thousand and 300 shares in the form of bidding and block trading, accounting for the total shares of the company. The ratio is not more than 4%.

According to Dean's diagnosis of closing price of 34.8 yuan in July 1st, the market value of Chen Haibin's reduction was about 864 million yuan.

The news of the reduction of major shareholders led to the diagnosis of the stock price shock by Dean, but this is only the corner of the A share reduction. Since June, the A share market has gradually recovered, and the tide of reduction has been lurking.

According to the Oriental Wealth Choice data, since June, the A share market has announced a total of 2957 reductions, compared with the 1440 reduction in May.

The reduction of important shareholders in some enterprises has aroused market concern. Data show that since June, 663 listed companies have experienced major shareholder reduction in the two tier market, with a net sales of up to 5 billion 316 million shares and a total reduction of 76 billion 824 million yuan in reference market value.

Specifically, the reduction of major shareholders in the computer, telecommunications and other electronic equipment manufacturing industries is more concentrated. Altogether 83 listed companies have experienced the reduction of important shareholders, the reference market value is 14 billion 706 million yuan, followed by the software and information technology service industry and the pharmaceutical manufacturing industry, respectively, 65 and 57 listed companies have experienced the reduction of important shareholders, and the reference value of reduction is 4 billion 507 million yuan and 81 respectively. .86 billion yuan.

The top five enterprises with the largest market value reduction were China Construction, Ningde times, Hua You cobalt, ZTE and perfect world, respectively. The shareholders of listed companies were reduced by 1 billion 267 million shares, 22 million 71 thousand and 200 shares, 87 million 544 thousand and 500 shares, 69 million 279 thousand and 900 shares and 49 million 980 thousand and 600 shares respectively. The market value of reduction was 6 billion 657 million yuan, 3 billion 631 million yuan, 3 billion 117 million yuan, 2 billion 908 million yuan, 2 billion 402 million yuan respectively.

In twenty-first Century, the economic news reporter noted that the phenomenon of the reduction of important shareholders in the listed companies which were highly concerned about the market, increased earlier or had a higher market value, triggered a market fluctuation and widespread concern, which would hurt investors' enthusiasm in the short term.

Take the "cow share" Zhuo Sheng Wei as an example. In June 24th, the company announced that IPV CAPITAL, Tianjin Xun Du and Ningbo Lian Li, which had more than 5% shareholders before the IPO, would reduce their shares. On the same day, Zhuo Sheng micro just hit a record high of 718.40 yuan per share, closing at 712.85 yuan per share. It was the second highest price stock after Guizhou Moutai at that time, and three shareholders would like to reduce the upper limit corresponding to the market value of about 5 billion 700 million yuan.

After announcing that shareholders will cash in, the stock price of Zhuo Sheng micro market fell 3.66% on the next trading day.

In addition, the eyes of the eye, ZTE and other large shareholders in the announcement of large transactions through the bulk trading, the stock price fell the following day.

Block trading is frequent.

From the point of view of reduction, bulk trading is favored by many important shareholders.

According to the Oriental Wealth Choice data, since June, a total of 661 listed company shareholders have been trading in bulk, totaling 2278 total, totaling 516 thousand shares, with a turnover of 69 billion 341 million yuan. 2195 of them were traded at a discount, 363 were traded at parity, and 220 were sold at a premium.

Among them, the highest premium rate was a big deal in June 8th.

On the same day, Tian Mao returned to a large trading platform with a turnover of 800 thousand shares, with a turnover of 480 thousand yuan, and the bulk transaction price was 0.60 yuan / share, and the premium rate reached 20%.

The highest discount rate was three transactions in June 8th by Tianlong Group, with a total turnover of 12 million 200 thousand shares, and the transaction volume of bulk trading was 5.23 yuan / share, with a discount rate of 18.27%. The three major trading businesses are the Beijing branch of Guoxin Securities Limited by Share Ltd. The buyer's business department is Guoxin Securities Limited by Share Ltd Shenzhen Zhenhua Road Securities Business Department, institutional seat and Guotai Junan Securities Limited by Share Ltd Xiangmi Lake Shenzhen Road Securities Business Department.

Specifically, in the bulk trading since June, agencies have received nearly 30% of the total volume, and the "institutional seats" participated in the 828 transaction as buyers. From the choice of individual stocks, institutional seats are generally popular. Such as Zhongxing Telecom, rhyme shares, Shun Feng holdings, fish diving medical and other enterprises in large transactions, frequent visible bodies.

With the popularity of the A share market, the tide of reduction in June will continue. Public data show that in July, the A share will usher in the peak of the lifting of the ban. The total market value of the lifting of the ban will reach 503 billion 988 million yuan, after 551 billion yuan in January.

Since July 1st, 61 listed companies have issued shareholders' proposed reduction notice, and the number of listed companies will be reduced to 345 million shares. There have been 2399 announcements of reduction since the launch of this year, involving a total of 21 billion 353 million shares of the proposed change cap. The purpose of the change is mostly "personal capital needs" and "operational development needs".

The former broker told the twenty-first Century economic news reporter: "there is a difference between the general reduction plan and the actual reduction amount. The lifting of the ban on the sale of shares does not necessarily mean that the company will reduce its holdings. On the whole, the impact of the reduction behavior on listed companies is more concentrated on the stock level, and the proportion of the whole industry or the whole market is not large. For those with good fundamentals, reduction will not affect the long-term trend of stock prices. "

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