Tuesday, December 14, 2010
Agricultural Bank of China listing will break tomorrow? .What impact will the stock market?.
<P> IPO "Big Mac" ABC will be listed tomorrow, the first day of its listing on the broader market performance and the impact of much market attention. .It is said to eat reassurance to investors, even behind the Agricultural Bank of China Agricultural Bank of China headquarters said it would not break the two trading days. .Statistics show that giant pounds of large-cap stocks are listed on the first day of the formation of a larger impact on the broader market, but does not change the market trend. .And to 2.68 yuan lower than the market expected the Agricultural Bank of China issued, listed on the first day, "do not break" is generally optimistic about the industry, more that 20% of Agricultural Bank of China listed on the rise after the space. .</ P> <P> little impact on the market listing of the day </ P> <P> reporter statistical weight of the previously listed the market value of the former two cities accounted for seven of the large-cap stocks - PetroChina, China Shenhua, China Construction Bank, .China Construction, Industrial and Commercial Bank, China Ping An, China Pacific Insurance - have six on the first day the broader market fell, only 9 October 2007 the date listed China Shenhua, the broader market closed slightly up 0.41%. .Six down, the biggest is 29 July 2009 listing of Chinese architecture, stock index down 5%; while the smallest decline was 27 October 2006 listing of Industrial and Commercial Bank, on stock index fell 0.19%. .</ P> <P> more recent market weakness, many shares are listed on the first day encounter the misfortune of a break. .However, the final issue price of ABC because of its lower than expected, and the "green shoe" mechanism to do security, soon after listing would be more stable. ."Also, the impact of the Agricultural Bank of China listed in the early days had been digested, so the date listed on the market impact is not great." One banking analyst said. .</ P> <P> "It seems from all the factors, the break may not be listed, but can not guarantee that after 3 months." Dongguan Securities bank analyst, said Yu Ning, the bank will make banking sector after the listing of two .City, accounting for increased market value, so that the scarcity of bank shares to some extent, diluted. .But the short term, self-help behavior after the listing of institutions with banking stocks than-expected mid-year report is likely to boost the market rose slightly. .</ P> <P> "It should be noted that just Thursday the macro data is the June release date, the data will be expected to decline, which would interfere with short-term market movements is a factor." The analyst said. .</ P> <P> included in the index slightly affected after the Shanghai Composite </ P> <P> Agricultural Bank of China listed on the first day of the market trend affects the nerves of investors, the market outlook will impact on the index form. .The banking analyst, said, "short term, Agricultural Bank of China listed on the Shanghai and Shenzhen 300 Index has little effect, but because of its total share capital of the larger, included in the Shanghai Composite Index would have a certain influence upon." </ P> < .P> According to the Shanghai SSE Index series programming, the new stock began trading on the Listing XI included the Shanghai Composite Index. .</ P> <P> "to the eleventh day, the Agricultural Bank under the weight of green shoe mechanism, weight, and now is not the same, initial estimates are now in Shanghai and Shenzhen 300 index, the weight of not more than 1% of the .Index of little effect. "Insiders pointed out that the Shanghai Composite Index, according to the weight of the total share capital of its terms, it will have some impact. .Under the prospectus, if the full amount of A shares issued by driving over-allotment option, the A shares of the total issued share capital of 294 billion after shares, according to the issue price of 2.68 yuan, the total market capitalization of 787.9 billion yuan. .Insiders pointed out that, according to Shanghai's total market capitalization of 14.14 trillion yuan terms, Agricultural Bank of China Shanghai Stock Exchange market value of about 5.28% weight around, that is, Change 1% per unit, then driven fluctuations in the Shanghai index 1.29 points .so..
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