Secondary market prices both fell

Placing shares experience weakness, CSCL but limit

Seamounts software, founder motor limited sales unit yesterday lifted, secondary market share price both fell

According to http://, Wednesday, in the Shanghai and Shenzhen stock market side of the bottom, CSCL 7 million of the first agencies placing shares in circulation, and the unit in a powerful shot down, eventually beaten to plummeting. At the same time have a number of restricted shares lifted two sized units also both have fallen. Market participants considered that, in the big city, bad cases, lifting shares cashed pressure greatly increases.

CSCL network to institutional investors placing of 7 million shares, from listing flow yesterday. According to the closing price of $ 7.88, yesterday the lifting of the market value of the unit for more than 55 million. From the disc surface observation, CSCL short press fairly serious, disc repeatedly are the big sell thousand hands. Through the great wisdom quotes system has close order statistics, yesterday CSCL contract selling single 1798545 pen to mega-selling single and large sell orders, accounting for more than 50%, and pay the Bill in large single only 3%. Ultimately, CSCL to limit closing, since its listing price, distance of a minimum issue price only 1.26 element of space.

Also, in small and medium-sized Board, seamounts software and founder motor yesterday also have a number of restricted shares lifted, secondary market share price both fell, fell 5.4% respectively and 6.97% and greater than small and medium-sized banzongzhi 2.39% decrease.

It is important to note that these three varieties of the lifting of the ban part belongs to the market that realize the pressure of the largest shares of the first institutions, and the turnover and the exchange rate on the date of the lifting of the ban are substantial growth. Of these, seamounts software and founder motor yesterday's turnover compared with the previous trading day 9 times magnified; CSCL is zoomed nearly 16 times, the turnover of 32.32 billion, accounting for the total turnover in the stock market yesterday 3.6%. Three varieties of exchange rates are more than 13%, of which limit of CSCL, exchange rate as high as 17%, chips loose signs more obvious.

To this end, the market generally believe that the significant decline in the stock index, a very large proportion of the shareholders have chosen to obtain cash. Joint Institute of Dai Shuang said securities, under CSCL network placing of shareholders, the possibility of cash. According to the issue price of $ 6.62, as well as the average price of $ 8.02 yesterday, if you sell, approximately 21% of the income level. The other two sized variety of profits is even greater, the same way, the rise of software and the yield of a founder motor respectively 150.7% and 160.7%

Wear cool, especially the big city when this rate is quite high, you should also realize that motivation is very high. In particular, the nature of the legal share of shareholders, are not affected by any rules of limitation. One of the industry also says that "limit seems to be justified, I wish I had this stock, I will sell".

Yesterday, the zinc industry co. published announcements, profit from the holdings of ping an 45 times. Faced with this amazing, far more solid industry high returns, it is hard to imagine lifting of shareholders will continue to hold shares. Joint Securities Institute believes that full-year, non-negotiable shares on the market of selling pressure will be very large.