27 bln yuan of locked-up shares to become tradable next week
2011-12-26 15:46:14
Shares in 37 companies worth about 27.2 billion yuan (4.32 billion U.S. dollars) listed on the two exchanges will become tradable between Dec. 26 and Dec. 30, according to estimates from Southwest Securities Co.
About 2 billion shares in 15 companies listed on the Shanghai Stock Exchange will become tradable while 3.91 billion shares in 22 companies listed on the Shenzhen bourse will become tradable, said Zhang Gang, chief analyst for Southwest Securities Co.
The number of locked-up shares that will become tradable next week rises 130.08 percent from this week, but the combined value of the shares is 11.27 percent lower than that in this week, Zhang said.