Is refinancing the fault of A unit of three days of evaporation 1.72 trillion

Listed companies frequently refinancing plan to have A stock market crash almost. Shanghai fell yesterday, 4400 point integer, spare once fell 194.15 point, eventually receiving 4370.28 point, line, and then a fall. In refinancing turmoil of Shanghai Pudong Development Bank (600000) and ping an (601318) fell 7.52% respectively and 4.27%, financial stocks fall of all, no one hongpan.

Stock market crash: are the fault of refinancing

According to the month of January http://, A stock market has plunged 16.69%, decrease of fuse is China Ping'an throw nearly 1600 million refinancing plan. In management's succession out good, release after release of the new Fund, this week the market in a line just 4500 points stabilises. However, the Shanghai Pudong Development Bank also intends to refinance Wednesday outgoing 400 billion messages, directly led to the company's stock price limit and cause the financial unit and the market's overall decline. The next two days, on listed companies frequently refinancing reported constantly, a stock market started in refinancing into retreat in uneasiness.

Loss of market value: three days of evaporation 1.72 trillion

Since this year listed on the amount to be refinancing is enormous. As at 20 February, a total of 44 companies raised the refinancing plan, financing of $ 2599.28 billion.

However, the company opened its refinancing appetite, losses to the investors is shocking. Shanghai Caihui information statistics, from Wednesday to yesterday, a stock market has fallen 294 points, market value losses 1.72 billion. Of these, only the last one day, the total market value loss 9764.69 billion. But this year, the decline was synthetic 16.96% loss of market value exceeds 4.4 billion.

Malicious money: subjected to investors "vote with their feet."

Listed company of this scale market refinancing is understood as "malicious money" investors on refinancing of hysteria is thus spreading rapidly. Yesterday, the market came Daqin Railway (601006 quotes, share it) refinancing of hearsay, cause the company's stock fell into pan. But in the afternoon, the company management regarding emergency declared: "the Board of Directors had not discussed the refinancing. ”

At the same time, since yesterday, ping an's senior management team also began in Beijing and communicate with large institutions, is intended to reassure market panic. However, the people's network for the China Ping'an huge refinancing of the survey showed that nearly 20 million votes, more than 97% of survey participants were opposed to peace financing plan.