The shares that have been released from the ban have become fragrant, and the funds have been snapped up again
On the eve of the National Day in p>2111, people from all walks of life in the market were talking about the frenzy of lifting the ban from three parties in the A-share market in the fourth quarter of this year: the first party was the lifting of the ban on the offline placement of new shares led by the Agricultural Bank of China; The second party is the lifting of the ban on 111 billion restricted shares led by China Shenhua, China Construction Bank and China Petroleum; The third party is the first batch of 28 companies on the Growth Enterprise Market, and the original shareholders' restricted shares are lifted.
in the face of huge pressure to lift the ban, the market is in a panic. However, when the lifting of the ban really started, investors discovered that it was just a "disaster" that they imagined before. The expected stock price crash did not appear, but the shares that were lifted were snapped up by big funds on the day of lifting the ban, and the stock price soared and even hit a new high.
offline allotment of shares
hot money grabs institutions and is reluctant to sell. After the resumption of IPO, the offline placement of shares by the starting institution has always been regarded as the biggest "killer" of short-term stock prices of individual stocks. Because the institutions participating in the subscription have a large arbitrage space, their selling has a great impact on the stock price. Therefore, the stocks involved in the lifting of the ban by the initial placement institutions will have a sharp drop on the day of lifting the ban. However, after the National Day, this frightening phenomenon suddenly reversed. On October 3, 2111, Yiqiao Miaoye had its initial placement shares lifted. However, on October 1, before the lifting of the ban, when the agricultural stocks were collectively adjusted, the stock had a strong daily limit, and it was not afraid of the coming pressure of lifting the ban. On the 3rd day of the lifting of the ban, although Yiqiao Miaoye opened lower and went higher, it eventually fell by more than 5%. However, from the trading situation of that day, the trading volume did not increase significantly. Faced with the huge temptation of doubling the book floating profit, the placing institution chose to hold shares firmly.
If the performance of Yiqiao Miaoye is acceptable, then the performance of Shenglu Communication, which also involves the lifting of the ban on institutional placement shares, is eye-catching. On the day of the lifting of the ban, Shenglu Communication, like other new shares, opened sharply lower, but under the impetus of huge buying, the stock rose incredibly fast at the end of the session and eventually rose by 5.18%.
in the face of huge pressure to lift the ban, what kind of funds are so fearless of risks and brave to take over? Perhaps the answer can be found from the recent trading seats of Yiqiao Miao Industry. On 11/11/11, Yiqiao Miaoye had a daily limit, and Guotai Junan marketing unit bought 14.3245 million yuan crazily. However, four business departments, such as Sports Road in Hangzhou, orient securities and Zhejiang University Road in Hangzhou, Hongyuan Securities, have bought more than 15 million yuan in total. On the day of the lifting of the ban, hot money bosses appeared one after another. CITIC Securities Shanghai Huaihai Middle Road, Shen Yin Wanguo Shanghai Dongfang Road and CITIC Securities Shanghai Dongfang Road rushed to raise funds, and the accumulated purchase amount exceeded 21 million yuan, but there was no suspense in selling seats, all of which were institutional seats. However, from the point of selling amount, in fact, institutions are also reluctant to sell. The total selling amount of the top five sellers is 45 million yuan, about 541,111 shares, accounting for only 5% of the total lifting of the ban.
According to insiders, the market is extremely active at present. Although there is great selling pressure on the shares that have been lifted, the trend will naturally not be bad with the active takeover of funds. From the trend of large-cap stocks and GEM stocks with the expectation of lifting the ban, this is more obvious.
Large-cap stocks
Agricultural Bank of China rose 5.7% despite the huge lifting of the ban. According to the statistics of national business daily, in the fourth quarter of this year, * * * had seven large-cap stocks with more than 5 billion shares. Among them, China Shenhua 14.511 billion shares, Agricultural Bank 5.132 billion shares, China Construction Bank 133.262 billion shares and China Petroleum 157.522 billion shares have been lifted recently. At present, China Shenhua and Agricultural Bank have taken the lead in lifting the ban in mid-October, and their performance on the day of lifting the ban surprised the market. On 11/11/11, China Shenhua's 14.511 billion restricted shares were lifted. On the same day, China Shenhua's share price was not affected at all, and it opened sharply higher, with an intraday increase of nearly 8%, although it dipped slightly before closing.
According to the insiders, from the current situation, many directors, supervisors and senior executives of Jinya Technology and Robotics have left their posts in the first batch of 28 stocks. It is still difficult to judge whether they will really reduce their holdings. However, judging from the market heat, even if they reduce their holdings, it will not have much impact on the stock price, and the stocks with good growth may even continue to strengthen. This seemingly "fiercer than a tiger" wave of lifting the ban on GEM may evolve into a "comedy" under the constant pursuit of market funds.