Bank of Restricted Shares 13.2 billion shares of the market value of over a thousand billion this ban lifted.

Friday, the Bank will usher 132.43 million restricted shares of stock in circulation. The industry believes that although the Bank's current stock price is attractive, and lessening pressure also appeared earlier, but the unit up to 1292.22 billion market value of the lifting of the ban, will test the capacity of carrying on the secondary market.

Lifting of the ban worth over 100 billion

From today onwards listing 132.43 million shares in circulation, mainly by the first original shareholder placing shares and shares of the first strategy is made up of two parts. According to statistics, this newspaper data according to the latest closing price of $ 9.76 per month we lifted the market value of $ 1292.22 billion. Only Bank of a stock will occupy five month lifting 50% of the total size. And the unit currently shares in circulation only 22.33 million, while today it is close to the lifting of the ban part is the number of shares in circulation.

It is understood that the Bank of communications today circulation of shares, capital airport group, national grid, Shanghai tobacco, Yunnan hongta, Sinopec financial group, Huaneng capital services limited shareholders unblock part is greater than 1%, and are the property of State-owned corporate shareholders; Daqing Petroleum Administration, COFCO, China life insurance company, the shareholders of the lifting of the ban part of less than 1%.

Lessening pressure has appeared earlier

In the heavy lifting of Bank of communications under pressure, investors in psychological impact, have already appeared in advance on the secondary market. According to statistics, the connection may remain at 3600 points since the consolidation, as of yesterday's cumulative decline of 1%, but the cumulative decline compared to the Bank as high as 10%. Experienced downturn trend, the unit AH stocks close contradiction. Yesterday's closing on the Bank of h shares, by 10.8 0.896 of exchange rates, premium AH shares only 1%. Haitong securities finance senior analyst Qiu Zhi Cheng to reporters, the unit before have seen AH hung upside down, he thinks that today there will be no release of centralized cash in pressure. Some people in the industry, as the Bank of this edition of the lifting of the absolute number of restricted shares and the relative proportion of larger, but the market for new chips and undertook the funding of supply and demand is able to balance, resulting in a lot of worries. So the pressure has long reflected.

The test will still face stock

Research from several daquanshang report, most institutional investors believe that the Bank's current valuation levels are at a more reasonable interval, but because of the huge pressure of restricted shares lifted should not be ignored, haitong securities, Galaxy securities, Guo, most security companies such as oriental securities remains the unit "holdings" rating, given the "buy" rating.

Qiu Zhi Cheng said that the Bank's valuation level, compared with the banking sector as a whole is relatively low. Currently, the bank sector of the overall level of roughly in PE 15 times, no additional bank unit PB in 3-6 times. The Bank's current PE in 15 times, PB, in more than three times or more reasonable valuation. However, the unit of small non-lifting of the ban on the stock price trend in the second half brought certain negative impact. Eastern securities gujun Lei also indicates that, although the Bank's stock price has been very attractive, but restricted shares pressure digestion takes time. Galaxy securities analyst expects this number to sell shares lifted will make the company share price dropped from around $ 8.