About 2.04 billion non-tradable A-shares of 22 listed companies will be unlocked this week and become available for trading starting Monday, according to the Shanghai and Shenzhen stock exchanges.
The market value of the unlocked shares stood at 19.29 billion yuan (2.97 billion U.S. dollars) on Friday last week.
The volume of this week's unlocked shares this week remains at a fairly low level, down 6.71 percent from last week, while the unlocked shares' market value fell 42.83 percent week-on-week, said Zhang Gang, chief strategic analyst for Southwest Securities.
The relatively low capitalization of unlocked shares means less liquidity pressure on the secondary stock market this week, analysts said.
According to the Shanghai and Shenzhen stock exchanges, 158.57 billion yuan in locked shares will become tradable this month.
Source:Xinhua
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The market value of the unlocked shares stood at 19.29 billion yuan (2.97 billion U.S. dollars) on Friday last week.
The volume of this week's unlocked shares this week remains at a fairly low level, down 6.71 percent from last week, while the unlocked shares' market value fell 42.83 percent week-on-week, said Zhang Gang, chief strategic analyst for Southwest Securities.
The relatively low capitalization of unlocked shares means less liquidity pressure on the secondary stock market this week, analysts said.
According to the Shanghai and Shenzhen stock exchanges, 158.57 billion yuan in locked shares will become tradable this month.
Source:Xinhua
Weekly review
May 20
World Economic Forum China office marks fifth anniversary
May 18
China, Pakistan joined in bonds of brotherhood
May 20
'Central axis' of Beijing applies for world cultural heritage
May 20
In pictures: Int'l 'Financial Security' symposium opens in Beijing
May 21
The week in pictures
May 16
Beijing aims for massive influx of overseas talent in 2011
May 16
Singapore election coverage shows Western arrogance
May 16
Chinese naval helicopter conducts target practice in Gulf of Aden
May 17
Strategies for harmony between militaries of China, US
May 17
Pakistani Prime Minister hails China as true friend
