Category: Money tips Release Date: 2006-05-24
Lower limit only the second hundred shares bodies yesterday's fighting Commodity City
Buying and selling the rating agencies were 4 seats special seats coming out
"Expected is often good, but the reality is always cruel." This phrase used in the Commodity City (600415.SH) found more appropriate.
Just put on "shares changed only after the second hundred shares" halo one-day Commodity City, yesterday opened with a 5.3% decline on the low opening, and then, under pressure in large orders quickly sealing the lower limit after 7 minutes. This unit also serves as a hundred shares of stock in the first post-reform the current lower limit of the individual stocks.
Within two days, small commodity city indeed from the "paradise" to "hell", and so mercilessly by the market sell-off stems from its fundamentals, significant changes that may occur.
Yesterday, there was media reports, research institutions such as brokerages is expected to be very high, "International Trade City 3 will enter a listed company, and the contribution to profits from 2008 onwards," is likely to fall, which means that this set a high valuation basis, also will be collapsed. Need to know some large brokerage industry researchers have boldly predicted in their report, and even brokers for the next 6 months 120 yuan valuation.
"This morning, the truth or that the original expectations were too high to play a lot of discounts, the market to sell them mercilessly forgiven." One broker pointed out.
However, its share price regardless of how the interpretation of the next, institutional differences in the valuation of the Commodity City is unusually clear.
SSE information display publicly traded yesterday, buying and selling small commodities city of the top five, respectively, are each four seats "agency only" seats occupied. Buy the top 5 turnover of 38.35 million yuan, while the former five transactions sold 42.6 million yuan, the total turnover of each day, 52% and 58%. The first deal to buy 17.6 million yuan, while the first deal to sell 16.2 million yuan.
"From the sale of several specific transaction details before we can see, leading to lower limit of the main selling Commodity City is the institutional investors, but from the sale of a considerable turnover of view, is the major buying agencies, which indicates that at this sudden news came out, institutions are also considerable differences in the valuation. "senior industry source said. He also pointed out that "institutions dedicated" seats, including the fund, QFII institutional investors such as seats, this can not determine the actual genuine buyers and sellers.
However, the fund finished just released the fourth quarter of 2006, the reports, the fund had to sell occupy absolute dominance. As of the end of last year's fourth quarter, the Fund Commodity City, heavily loaded with a total of 862.9 million shares, lighten up as much as 50%.
Wind data show that the end of the third quarter of last year, or the first and second largest shareholder of the outstanding shares of the fund Corey, fund-hing and lighten up the steepest, each held 300 shares (2.4% of the total share capital), and 269 million shares (representing Total equity 2.15%) Basic empty, while the former third-largest shareholder of the outstanding shares of China returns the fund is also reduced to 109 from the original 216 million shares, lighten up the rates are almost 50%.
However, there is also increased by. Part of the Fund in the fourth quarter of last year, Jiancang are fairly active, including construction of the letter to buy 200 shares of preferred growth, becoming the latest of the outstanding shares of the largest shareholder of ICBC Credit Suisse also Masukura from 56 million to 191 million and become the new first two major circulating shares. (Li Jing)
Table Commodity City in the last two quarters positions of some institutions list
Small Commodity City in the third quarter before the five largest shareholders in circulation
Name of shareholder holding the number of total outstanding shares
(Million) Ratio (%)
Fund Corey 300.00 5.23
Fund Xing and 269.28 4.70
Huaxia Return Securities Investment Fund 216.90 3.78
Yi Fonda Strategic Growth II 188.96 3.29
The National Social Security Fund 102 Portfolio 152.60 2.66
Small Commodity City in the fourth quarter before the five major Shigekura Fund
Name of shareholder holding the number of total outstanding shares
(Million) Ratio (%)
CCB preferred growth of 200.00 3.49
ICBC Credit Suisse core value of 190.87 3.33
Huaxia Return Securities Investment Fund 109.29 1.91
Kexiang Securities Investment Fund 87.24 1.52
Fortune SGAM earnings growth 83.00 1.45
