Societe Generale Securities Network under the release of the lifting mechanism floating surplus 300 million have to throw pressure

After March, today, Societe Generale Securities (601377, closing price 15.70 yuan) 52.6 million shares under the IPO share restrictions expired, the lifting of circulation. At present, the circulation of industrial securities is 210 million shares, the net under the placing of shares to expand to 263 million shares, the circulation of the disc has expanded 25%.　　However, although faced with the ban on restricted stocks this time window, the performance of Societe Generale yesterday is still stable, only slightly fell 2 cents, the whole day deal 79 million yuan, change hand rate of 2.39%. Under the net placing had been snubbed last October, Societe Generale Securities issue, the IPO price of 10 yuan/shares, became the August 2009 Everbright Securities IPO after the 4th IPO brokerage. But affected by market shocks, the industry to fight Commission and other factors, the entire brokerage plate in the past two years overall performance is poor. China Merchants Securities, Huatai Securities are listed less than 3 months on the break, will participate in the network under the placement of the institutions, so Societe Generale securities issued by institutions.　　According to the then announcement, Societe Generale finally participated in the net placement of the organization only 47. Fortunately, during the national day last year, the Securities Industry Association promulgated the "notice on further strengthening the management of customer service and Securities Trading Commission of Securities Companies", and made clear requirements for strengthening customer service work and commission management of Securities trading. The announcement marks a rise in regulatory scrutiny of vicious competition in the industry, helping to ease the rapid decline in commission rates. Securities brokerage shares also in the national day after the rally.　　October 13, the first day of industrial securities listing rose 48.6%, followed by 3 trading days and even 3 of the trading, became the focus of the market attention. 47 institutions float nearly 300 million yuan after the carnival after the initial listing, Societe Generale Securities appeared a sharp adjustment.　　At present, the market price has fallen by about 35% compared with the highest price of $24.30, which was created on November 5, but it is still 57% higher than the issue price, and the net placing institution is a total of 299 million yuan. An industry analyst, who declined to be named, pointed out that the volatility of brokerage stocks was positively correlated with market prices. The current a-share market short-term lack of momentum to launch the big market, sentiment is relatively depressed, so the securities sector lacks a holistic opportunity.　　Societe Generale Securities restricted shares of shareholders have been very rich, with strong selling power, in the short term the stock may withstand a certain cast pressure. However, he also pointed out that, from the stock turnover, equity returns, and other indicators, last year 2 quarters should be the bottom of the securities companies the worst time. At the end of the 3 quarter, CITIC Securities valuation has been linked to the listing of unlisted securities listed on the equity exchange. With the start of the New Year's Day, the Commission is officially implemented, the industry's most worried about the rate of Commission should have passed. Industrial Securities, although short-term stock prices or pressure, but the decline may not be too deep.