Lock-up shares worth 85.4 billion yuan (about 14 billion U.S. dollars) will become eligible for trade on China's stock market in the coming week.
A total of 4.11 billion shares from 25 companies will become tradable on the Shanghai and Shenzhen bourses from Monday to Friday, according to Southwest Securities on Sunday. Under market rules, major shareholders of non-tradable stocks are subject to one or two years of lock-up before they are permitted to trade. Guanghui Energy Co. Ltd. will see non-tradable shares worth around 24.58 billion yuan become tradable on June 3, the largest volume to be released next week.
On Friday, the benchmark Shanghai Composite Index extended losses by 0.18 percent to finish at 4,611.74 points. The Shenzhen Component Index gained 1.18 percent to close at 16,100.45 points.
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