① Judging from the unbanned market value, on February 5, the market will usher in a small peak in a round of unban; ② 5 companies will lift the ban by more than 50% next week; ③ In the last week before the Spring Festival, large amounts and large proportions of individual stocks that are “double listed” need to be wary;
Finance Association, Feb. 3 (Editor Shen Chao) Next week (February 5 to February 11) will be the last trading week before the Spring Festival, with a total of 4 trading days. According to public data, the ban on restricted shares of 52 companies will be lifted one after another next week, for a total of 3,763 billion shares. Based on the closing price of this Friday, the total market value of the unbanned shares is 48.037 billion yuan.
Judging from the unbanned market value, on February 5, the market will usher in a small peak. The total market value of the unbanned 24 companies is 31.64 billion yuan, accounting for 65.79% of the unbanned market value next week.
Judging from the scale of individual stocks unbanned, the top three are: Changjiang Electric Power (11.192 billion yuan), China Gold (7.781 billion yuan), and Bank of Chongqing (4.103 billion yuan). Baoming Technology and Huahong Company followed suit, and the market value of the lifting of the ban also exceeded 3 billion yuan.
Specifically, Changjiang Electric Power, the leading hydropower company, accounts for 1.88% of the total share capital in terms of the number of unbanned shares. The types of shares unbanned are shares placed by targeted additional issuers. China Gold, Bank of Chongqing, and Baoming Technology have all lifted the ban on the sale of restricted shares for the original shareholders, while Huahong Company placed shares for the initial issuer general shares and shares for the initial issuer.
In terms of stock price performance, Changjiang Electric Power has continued to be strong recently. On February 2, the stock price reached a record high during the intraday period.
The other 4 companies' stock price performance was not as good as expected. Since this year, China's gold has decreased by 8.11%, the Bank of Chongqing has decreased by 2.59%, Baoming Technology has decreased by 46.92%, and Huahong has decreased by 25.06.
Compared to the size of market capitalization, the rate of lifting the ban often has a greater impact on the trend of individual stock prices. Five companies will lift the ban by more than 50% next week.
Judging from the rate of lifting the ban, Paulie and Hengerda had the highest unban rate, with 74.56% and 70.42% in that order; in addition, Yi Rui Biotech, Li Ziyuan, and China Gold lifted the ban by more than 50%.
It should be noted that out of the top 10 individual stocks, 4 also appeared in the top 10 of the unbanned market capitalization list. The pressure to lift the ban on “double listing” should not be underestimated.
Yirui Biotech, which ranked third, had a market value of 2,208 billion yuan, ranking 7th in the unbanned market capitalization list.
Riziyuan, which ranked fourth, had a market value of 2,583 billion yuan, ranking sixth in the unbanned market capitalization list.
China's gold, which ranked fifth, had a market value of 7.781 billion yuan, ranking second in the unbanned market capitalization list.
Huarui Precision, which ranked 7th, had a market value of 1,355 billion yuan, ranking 10th in the unbanned market capitalization list.
In fact, whether the ban is lifted for a large amount or a large percentage, it does not mean that the stock price of the stock will definitely decline; fundamentals are the most central factor in determining the stock price. However, in the last trading week before the Spring Festival, investors still need to be wary of large and large-scale “double listed” individual stocks similar to the above, follow up on the actual situation, and make correct investment decisions rationally.