Stock market to lift ban of shares worth 9.1b yuan
Updated: 2011-10-24 09:30
BEIJING -- China's stock market will lift its ban of 1.13 billion shares of thirteen companies with the market capitalization of 9.11 billion yuan ($1.43 billion) in the next trading week, arranged by Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE).
The 1.13 billion shares account for 0.16 percent of the banned restricted A shares, of which SSE takes 284 million shares and SZSE has 850 million.
Zhang Gang, chief strategy researcher of Southwest Securities Company (SWSC), said the amount of ban-lift shares declined 40.97 percent week-on-week, and the 9.11 billion yuan is only 38.8 percent of this week's lifted capital.
Only two shares' bans will be lifted on Oct 24, but their market capital reaches 4.70 billion yuan, 51.6 percent of the week's total 9.11 billion yuan, bearing intensive pressure of the ban lift.