The science and technology board over 220 billion market value will be lifted on Friday this Friday

July this year is the 3rd anniversary of the opening of the science and technology board. At the same time, the first batch of 25 companies listed will also usher in the "Dafa" concentrated ban.

Statistics show that on July 22, the first batch of 25 companies in science and technology boards had a single -day sales stock market value of more than 220 billion yuan. This is also the third time that the science and technology board has ushered in the third time that the science and technology board has ushered in the peak period of lifting the ban.

Data source: Reporter sorted out the visual Chinese map Yang Jing map

In this case, what kind of impact will the lifting of the ban on the ban on the science and technology board this time and which companies may be greatly affected?

However, the current overall valuation level of the science and technology board is at a historical low, so the impact of restricted stock restrictions may gradually decrease than the previous two rounds. Galaxy Securities stated that the impact of external factors such as the new crown epidemic, the Federal Reserve's interest rate hike expectations, and the Russian -Ukraine conflict, the valuation of the sector continued to fall, and the high valuation gradually digested.

Short -term stock price may inevitably encounter impact

The peak period of the science and technology board's lifting of the ban refers to the release of the first batch of 25 companies listed on the "Dafei" restricted shares, that is, the controlling shareholder and the actual controller shall not transfer the first shares for 36 months from the date of listing. Some limited sales shares will be lifted on July 22 (Friday). Statistics show that the total number of restricted stock markets that have been lifted by the Science and Technology Board for this time have exceeded 220 billion yuan.

Since the opening of the science and technology board, two restricted stocks have been lifted twice. The first time was July 2020, and the second time was July 2021. Regarding the peak of the lifting of the ban, that is, the third peak of lifting the ban (July 22, 2022), Galaxy Securities believes that despite its new high -scale innovation and innovation boards, it is from the perspective The scale of the ban accounted for only 14.03%, and the scale of the scale of the ban on the ban in July 2020 accounted for 27.44%.

Galaxy Securities believes that the impact of the "Dafa" restricted stock restricted stocks will be smaller than in 2020 and similar to 2021. From the perspective of individual stocks (in July 2019), the first round of small non -lifting of 177.1 billion yuan in July 2020, accounting for 30.8%of the current market value; The total market value is 44.4%. Regardless of the scale of lifting the ban and the proportion of lifting the ban, the pressure involved in individual stocks is greater than the pressure of small non -lifting ban in the first round.

Judging from the trend of the scientific and innovative board market before and after the restrictions on sale stocks, the impact of short -term stock prices may be inevitable. Galaxy Securities said that before the end of the ban, the science and technology board often increased the market value, short -term adjustments before and after the lifting of the ban, fluctuating, and the "V" type. Subsequently, due to market emotions It will gradually weaken within 50 days.

Before the concentrated lifting of the ban on July 22, 2020, the Science and Technology 50 Index rose rapidly, but when the centralized lifting window period, a significant retreat occurred. After the 5 trading days fell 15.3%, the shocks intensified. After lifting the ban, a 14.5%rebound appeared, and then entered the downward range of about 40 days. Similarly, before the concentrated lifting of the ban in 2021, the Science and Technology 50 Index rose rapidly. From May 9th to July 22nd, 25.2%, a short -term shock before and after the lifting of the ban, and then entered a period of about 50 days.

Many companies promise to extend the lock -up period

On July 22, the first batch of 25 science and innovation board companies Dafei concentrated on the ban on the ban. "Daily Economic News" reporter found that when the market was worried about it, many companies recently announced that the company's controlling shareholder promised to extend the lock -up period.

Huaxing Yuanchuang (SH688001, the stock price of 31.99 yuan, and a market value of 14.056 billion yuan) issued an announcement saying that the company's controlling shareholder and actual controller voluntarily promised The shares of the company holding the company, the shares of the shares generated by the capital reserve, the dividend of the delivery of the stock, the distribution, the issue, etc.

Statistics show that this part of Huaxing Yuanchuang's total sales stock accounts for 67.35%. After the extension of the lock -up period, at least the pressure of restrictions on the lifting of the stock restricted shares will be extended for half a year.

Rongbai Technology (SH688005, the stock price of 151.88 yuan, and a market value of 68.516 billion yuan) issued an announcement saying that the company's actual controller automatically extended the lock in 6 months to January 21, 2023, and the proportion of lock -up shares accounted for 37.85%of the total share capital.

In addition, the reporter of "Daily Economic News" also found that China Tong, Traffic Control Technology, Heartai Medical, Jiayuan Technology, Tianyi Shangjia and Hong Soft Technology have also issued similar voluntary announcements to the lock -up period. Among them, the controlling shareholder of Xinguang Optoelectronics will voluntarily extend the lock -up period from 12 months to July 21, 2023 from the expiration of the sales restriction period on July 22, 2022.

The actual controller of the above company extended the lock -up period, and naturally reduced the ban on the ban on the upcoming day on July 22. However, other companies that have not extended the lock -up period will still face a large impact. In particular, companies with a large proportion of total shareholders in the ban on restrictions on bannings will be even more obvious.

Daily Economic News

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