On March 12, Gelonghui reported that Siterwei (688213.SH) announced that its shareholder, the National Integrated Circuits Fund Phase II, plans to reduce its shareholding through centralized bidding for a total of no more than 2,612,000 shares, with a proposed reduction of no more than 0.65% of the company's total share capital; the company's shareholder Brizan Holdings plans to reduce its shareholding through centralized bidding for a total of no more than 3,336,000 shares, with a proposed reduction of no more than 0.83% of the company's total share capital.
The company's shareholder, Qiangong City Sitiwei, plans to reduce its total shareholding by no more than 4,260,000 shares, with a proposed reduction of no more than 1.06% of the company's total share capital. Among them, the plan is to reduce a total of no more than 4,018,415 shares through centralized bidding, with a proposed reduction of no more than 1.00% of the company's total share capital; and a reduction of no more than 241,585 shares through block trades, with a proposed reduction of no more than 0.06% of the company's total share capital; the company's Director and Deputy General Manager, Mr. Ma Weijian, plans to reduce a total of no more than 1,809,000 shares through centralized bidding, with a proposed reduction of no more than 0.45% of the company's total share capital.
Shareholders holding more than 5% of the shares, namely the National Integrated Circuits Fund Phase II, Brizan Holdings, and the company's Director and Deputy General Manager, Mr. Ma Weijian, will carry out their share reductions during the period starting from the 15 trading days after the announcement of this share reduction plan, for a duration of three months; the shareholder Qiangong City Sitiwei will carry out its share reduction during the period starting from the third trading day after the announcement of this share reduction plan, for a duration of three months. The quantity reduced by the above-mentioned shareholders through centralized trading shall not exceed 1% of the company's total share capital within any consecutive 90 days, and the quantity reduced through block trades shall not exceed 2% of the company's total share capital within any consecutive 90 days.
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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