Gem 28 company next month full circulation or the lifting of the current wave of executive reduction

A-share index repeatedly shocks, listed company executives, especially the SME board and the gem of the executive to reduce the desire to show no doubt. According to the Business Report data Center statistics, this month's gem and small and medium-sized executive net reduction of the size of the total reached 1.475 billion yuan, directly led to the two plates last week weaker than other major indices. With the end of October, the first batch of companies landing gem will enter the full circulation queue, or will set off a wave of executive reduction.

Top executives reduce 1.52 billion yuan this month

With the announcement of the semi-annual report, September has become the time for senior executives and large shareholders to reduce their holdings. As of yesterday's close, the business news data center showed that a total of 276 executives to reduce their holdings, reducing the amount of 1.52 billion yuan, and the same period of Gaoriza held only 207 million yuan. In 11 trading days, the listed company executives net reduction to 1.313 billion yuan. Divided into different markets, the gem is still the main board, which is the board of Directors to reduce the number of executives 102 times, reduce the amount of 355 million yuan;

Of particular concern is the significant increase in the number of executive resignations in September. Since September, there have been announcements of executive resignation on each trading day, as many as 16 on September 4, and 13 executives from 11 listed companies resigned on 14th. Job transfer, personal reasons to resign in the majority. Industry experts believe that the resignation after semi-annual results may be due partly to poor performance, management's responsibility for performance, and partly to the http://www.aliyun.com/zixun/aggregation/35561. HTML "> stock of listed companies, expected to profit from the cash.

Business Board full circulation or reduce the wave

Into the end of October, the first batch of companies landing the gem will enter the full circulation queue. Business News Data Center statistics show that the first gem listed 28 companies will be in full circulation at the end of October, its lifting the number of restricted shares of 4.939 billion shares. Among them, more than 90% of the original shareholders, including controlling shareholders held shares. Wanguo Securities analyst Lu Jingzhi said high-priced, high P/E, highly-raised shares, often after the listing of shareholder shareholding has increased significantly, with the gradual lifting of restricted stocks, the huge wealth effect easy to make the shareholders generate a set of impulse, coupled with this year, the Enterprise Board company performance is not ideal, nearly 40% net profit appeared year-on-year decline , so executives have the desire to set the cash. Although the lifting of the ban is not equal to the reduction, but the large shareholder of the gem lifted the pressure is still not to be overlooked. "Lu Jingzhi said.

CICC researcher Hou Zhenhai believes that the beginning of the four seasons of small and medium-scale stocks of heavy lifting of the peak will pose a greater threat to the market capital. At present, small and medium-sized board and Gem multiples of 29 and 36 times times respectively, such a valuation, the lifting of the release of shareholders will not be affected by market volatility, volume size is the only constraint, so no matter how much the market point, as long as the large scale is the industrial capital reduction opportunities.