The new rules ban trading month showed the four characteristic bulk
Since regulators issued on April 22, “listed companies to lift restrictions on sale of shares of stock transfer guidance” since the block trade to change the past month, always a lonely situation, showing significantly increased turnover, lower transaction prices, the same stocks and the same business department and other frequent appearance of several major features.
Public information under the Shanghai and Shenzhen Stock Exchange statistics, from April 22 has a total of two cities A stock trading system through the block deal of 74 pens, and almost every day the transaction occurred. Shanghai Stock Exchange transactions in which a total of 42 pen, 32 document Shenzhen transactions. With the active last couple of stages compared to the boisterous scene, after a very desolate block trading system, and the B shares and bonds trading by the majority. According to statistics, from 2008 until the new regulations came after nearly four months, the cities A shares through the block trading system, transactions only 42 pen, 11 document transactions a month on average about 74 deals with the difference in the last month far.
It can be said, showing a large trading transactions increased significantly situation. “In the block trading system, although not all transactions are the size of the non-reduction after the lift, but we can see, the introduction of new rules lifting the ban, many shareholders through a share transfer this platform.” A broker head of the brokerage business to the reporter.
In addition to active features, the large trading transaction price is usually lower than the average price of secondary market that day. Many industry sources, this approach effectively reduces the transaction costs of both sides.
Shanghai Stock Exchange, for example, excluding 4 document outstanding stock reform of the S shares traded since April 22 to 38 transactions, there are more than 3 percent of the transaction, shares of 12 document are the lowest in the day of secondary market transactions ; have eight more deals are limit down day of secondary market prices, respectively, Industrial Bank (601166
) 5 deals, China Railway Second Council (600 528
) Of a transaction, and National Chiao Tung University Broadcom (600 455
) 2 deals; another one deals with the day’s closing price of transactions. Most of the remaining transaction prices are below the average price in the day, only two document to the highest price traded that day.
Have successfully guide a small non-through block trading system of a transfer of shares of Hengtai Securities brokerage told reporters that at present the size reduction of non-adoption of this platform, you can find under their own home, commissioned brokers, or through the exchange of large transactions intention to declare information to find the next home. Because many transactions for the consultations, married the secondary market price is usually lower than the price, so buyers and sellers of lower cost.
In addition, nearly a month, part of the stock and sales department frequent appearances in the bulk trading system. According to report statistics, transactions between the two cities to 74 transactions involving a total of 32 species, stock concentration is quite high. Shanghai Stock Exchange transactions in which the 42 transactions involving 21 stocks, Societe Generale frequent the list, within one month of trading system through the bulk deals on the completion of the six, China Railway shares Second Board and the West Water (600 291
) Were also closing a 4 document. Shenzhen transactions higher concentration of 32 transactions, involving only 11 stocks, most frequently for the Universal Group (002 133
), One month contract up to 14 document. Insiders pointed out that frequent phenomenon in some species, it may be one or a few small non-stock holding, in the Restricted Shares after the partial ban underweight, after all, before the introduction of new regulations such great imagination rare.
It is noteworthy that there are many large business department has also recently trading system many times. Shanghai Stock Exchange, for example, buyers and sellers up to 18 transactions, for the same securities firm with a sales department. For example, China Railway Second Board in May 4 closing deals, buyers and sellers are Jin and Yuan Chang Yang Road, Shanghai securities business department. “This situation is usually found under their own home seller, or broker to help find a home consultation under the deal”, Hai Tong Securities (600 837
) Related to the reporter. Interestingly, there are 7 transactions of selling business department, and by involving listed companies registered address, office address in the same city, some still in the same street.
Shanghai Securities News
Tags: Stock
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