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Recently, stock lifting has become a hot topic. After the A-share lifting of restrictions in July, the lifting of restrictions on stocks in August and September is coming.

According to Wind data statistics, a total of 219 A-share companies faced the lifting of restrictions on restricted shares in July, with a total of 19.811 billion new circulating shares, equivalent to a market value of approximately 284.174 billion yuan.

The latest data shows that in August, a total of 101 A-share companies faced the lifting of restrictions on restricted shares, and in September, a total of 246 companies faced the lifting of restrictions on restricted shares. The total number of restricted shares facing lifting of restrictions was about 44.9 billion shares, and the total amount of lifting of restrictions was about 311.2 billion yuan.

It is worth noting that among all the unblocked shares, a large proportion of them are unblocked, and the proportion of unblocked shares in the total share capital exceeds 40%.

Companies with a lifting of restrictions exceeding 70% need to pay close attention

Stock unblocking means that the company's stocks that were originally restricted from selling can be freely traded in the secondary market after the restriction period ends, which usually also means that more stock supply will enter the market. If the number of unblocked stocks is relatively small, the market has expectations and can properly digest the increase in supply, which may have a positive impact on stock prices.

According to the statistics of 10jqka, there are 37 companies whose unblocked shares account for more than 40% of the total share capital in August, namely Yiqiao Shenzhou, Golden Eagle Heavy Industries, Defu Technology, Shanghai Rural Commercial Bank, Zhenghe Ecology, Hengsheng Energy, Wuxin Tunnel Equipment, Qingju Technology, Yizhi Konjac, Zhongqi New Materials, Kabei, Rongtai Co., Ltd., Purui Co., Ltd., Aoya Co., Ltd., Chaoyue Technology, Longban Media, Shengyi Electronics, Liton Technology, Shanxi Expressway, Xinhao Optoelectronics, Ainengju, Guozi Software, Jindik, Shuangqiang Technology, Shenzhen Deepwater Planning Institute, Xiamen Tungsten New Energy, Mengguli, Huayuan Co., Ltd., Zhongfu Circuit, Jiuqi Co., Ltd., Blue Arrow Electronics, Guanshi Technology, Ulead, Minmetals New Energy, Jikang Instruments, Googol Technology, and Raytheon Technology.

Among them, the unblocked shares of Golden Eagle Heavy Industry, Shenzhen Water Planning Institute, Zhongfu Circuit, Hengsheng Energy, Guozi Software, Aoya Group, and Chaoyue Technology account for more than 70% of the total share capital, which deserves close attention.

In September, there were 37 companies whose unblocked shares accounted for more than 40% of the total share capital, namely Yuanxin Industrial, Yuanlin Holdings, Guoguang Electric, Shisheng Intelligent, Qianwei Central Kitchen, Zhang Xiaoquan, China Railway Special Cargo, Senhe Holdings, Huilong New Materials, COFCO Science and Industry, Botuo Biotechnology, Liwang Holdings, Sifang New Materials, Jinsanjiang, Lanwei Medical, Hexin Instruments, Zhonglan Environmental Protection, Benli Technology, Yada Holdings, Meibang Holdings, Shanghai Port, Newway CNC, Zhuojin Holdings, Fuheng New Materials, Mingyang Technology, Online and Offline, Power Diamond, Haiguo Holdings, Aotai Biotechnology, Kaisheng New Materials, Huaertai, Construction Engineering Restoration, Dadi Ocean, Zhongjie Precision, Dorui Pharmaceuticals, China Energy Engineering, and Aike Cyber.

Among them, the unblocked shares of China Railway Special Cargo, Senhe Holdings, Jinsanjiang, Metersbonwe Holdings, and Newway CNC account for more than 70% of the total share capital.

The impact on stock prices needs to be judged in combination with the market environment

It is generally believed that the day when stocks are unblocked is often accompanied by a large-scale selling of unblocked stocks for cash or reduction of holdings, which will lead to oversupply in the market and have a negative impact on stock prices. For companies, this is bad news.

There have been similar cases. Take Googol Technology as an example. On August 15, the stock fell 5.63% to close at 21.79 yuan per share. It is worth noting that although there was no obvious negative news, the company's large-scale restricted stock release was considered to be one of the important reasons for the pressure on the stock price on that day. Data shows that on August 15, Googol Technology had 243.7 million restricted shares released, accounting for 60.92% of the total share capital.

If the lifting ratio is low, the impact will be relatively small. According to the statistics of Tonghuashun, the stocks that were lifted on August 16 include Yiwei Communication, Sino Biological, Guaibao Pet, Kema Technology, Guiyang Bank, Hisun Biomaterials, Zhejiang Danong, Xingchen Technology, Air China Ocean and Meideng Technology. Among them, the lifting ratio of Sino Biological shares accounted for 54.43% of the total share capital, Guaibao Pet accounted for 34.75%, and Meideng Technology accounted for 18.20%. In addition, the proportion of the company's lifting of the ban on shares in the total share capital is relatively small, and the impact on the stock price is also relatively small.

On the day of the lifting of the ban, the stock price performance also confirmed this judgment. As of the close of the 16th, Sino Biological closed at 60.26 yuan per share, down 1.28%; Guaibao Pet closed at 43.90 yuan per share, up 3.54%; and Medtronic closed at 19.91 yuan per share, up 0.76%.

In this regard, industry experts believe that a high proportion of unblocked shares does not necessarily have a big impact on stocks, and it still needs to be judged in combination with the overall market environment. In the case of a good overall market environment, the negative impact of the unblocking of restricted shares on stock prices may be offset by the positive market sentiment, resulting in no significant impact or a slight increase. At the same time, there are also cases where there is a temporary sharp drop, but it rebounds after adjustments. In short, whether the unblocking of stocks is good or bad depends on the specific situation, and there is no way to discuss it one by one.