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2.04b restricted shares to hit market

(Global Times)

08:16, May 28, 2012

According to the Shanghai and Shenzhen stock exchanges, a total of 2.04 billion restricted shares, with a combined market value of 15.9 billion yuan ($2.5 billion), will be made tradable in the week beginning Monday.

These stocks account for 0.27 percent of the exchanges' non-tradable A-shares. Specifically, about 1.8 billion shares are from the Shanghai Stock Exchange, while the remaining 218 million shares are from the Shenzhen bourse. The number of tradable shares entering the market this week is more than double the number that made their way to the exchanges last week, while their market value increased by 46.91 percent over the same period.

There will be 10.04 billion yuan of shares made tradable Monday, accounting for 63.15 percent of the total for this week.


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