① Peak unban within the month! The scale of the ban being lifted next week nearly doubled; ② After a six-month delay, “Brother Brokerage” will lift the ban by more than 17 billion next week; ③ 5 stocks will be lifted for a large amount of money, and a large proportion will be “double listed”.
Financial Services Association, September 8 (Editor Shen Chao) Next week (September 9 to September 13), the A-share market will experience a small peak during the month, involving 47 stocks, with a total unbanned market value of 55.705 billion yuan. In terms of individual stocks, the “brokerage brother” CITIC Securities topped the list with an unbanned market capitalization of 17.751 billion yuan. Another “10 billion” unbanned stock is China Railway specialty goods, and its unbanned ratio is over 70%.
The peak of the ban being lifted within the month! The scale of ban lifting next week will nearly double month-on-month
According to Wind statistics, a total of 47 companies will lift the ban on restricted shares one after another next week. A total of 7.04 billion shares will be unbanned. Based on the closing price on September 6, the total market value of the unbanned shares is 55.705 billion yuan, an increase of 191.33% over this week.
As for the single day, next Monday and Wednesday will be the peak days for the ban to be lifted. At that time, market values of 26.054 billion yuan and 20.579 billion yuan will be unlocked centrally, respectively.
After a six-month delay, “Broker One Brother” will lift the ban of more than 17 billion next week
Judging from the scale of individual stocks being lifted, there are two individual stocks with a market capitalization exceeding 10 billion that will be lifted next week, namely CITIC Securities (17.751 billion yuan) and China Railway Special Products (12.784 billion yuan). Individual stocks such as COFCO Science and Engineering (2.369 billion yuan), Caibai shares (1.934 billion yuan), and Lanwei Medical (1.809 billion yuan) followed, ranking in the top five in the list of scale of ban lifting next week.
Specifically, the “brokerage brother” CITIC Securities will soon lift the ban on 0.931 billion shares on September 11. The unbanned shareholders are Guangzhou Yuexiu Capital Holding Group Co., Ltd. (Guangzhou Yuexiu Capital for short) and Guangzhou Yuexiu Capital Holding Group Co., Ltd. (Yuexiu Capital for short). These shares stem from the targeted issuance completed by CITIC Securities in March 2020 and the 2022 allotment of shares. Among them, the issue price for the targeted additional issue was 16.62 yuan/share. As of the close of trading on September 6, the stock price of CITIC Securities was 19.06 yuan/share.
Source: CITIC Securities Announcement
It is worth mentioning that six months ago, Yuexiu Capital and its subsidiaries decided to delay the lifting of the ban on their CITIC Securities shares because “based on confidence and recognition of the value of the continued development of CITIC Securities, holding CITIC Securities shares can bring stable returns to Yuexiu Capital, as well as support the healthy development of the capital market and safeguard the interests of investors in the general public.”
China Railway Specialty Goods, which ranked second in terms of the number of unbanned shares, lifted the ban on 3.4 billion shares on September 9. The unbanned shareholder is China Railway Investment Co., Ltd., which is also the largest shareholder of China Railway Special Goods. According to Wind data, as of the close of trading on September 6, the stock price of China Railway Special Goods was 3.76 yuan/share, and the market value was 16.7 billion yuan.
The ban on 5 stocks with large amounts and large proportions was lifted on the “double list”
Compared with the unbanned market value, the proportion of unbanned shares in the company's total share capital has a more direct and significant impact on the stock price. Nine companies will lift the ban by more than 50% next week.
Judging from the specific individual stock ban rate, China Railway Special Products, Senhe Shares, and Jin Sanjiang will all lift the ban rate next week, accounting for 76.5%, 75%, and 71.41% of the total share capital, respectively.
It should be noted that there are a total of 5 individual stocks that will be banned on the “double listing” in large amounts next week. They are China Railway Specialty Goods, Jin Sanjiang, Botuo Biotech, COFCO Science and Engineering, and Lanwei Medicine. Among them, while the proportion of the ban on China Railway specialty goods was lifted was over 70%, the scale of lifting the ban was over 10 billion.
Although the lifting of the ban on large-scale shares may not directly lead to a drop in stock prices, investors should remain alert in the face of the lifting of a large number of shares and a significant share of the ban. Such lifting of the ban may cause a sharp increase in the number of shares circulating in the market, which will have a certain impact on stock prices in the short term.