In recent years, the market of securities companies has rarely continued to rise sharply, but the bulk trading platform is often surging.
On December 27, the after hours data of the exchange showed that on the same day Citic Securities Company Limited(600030) (600030, SH; yesterday’s closing price was 26.05), there was a block transaction of 1 million shares at the price of 28 yuan per share, the buyer’s business department was Gf Securities Co.Ltd(000776) Shanghai Dongfang Road Securities business department, and the seller’s business department was the securities business department of Lingshi Road, Jing’an District, Shanghai, CICC fortune. On the same day Citic Securities Company Limited(600030) closed at 26 yuan per share, and the premium rate of block trading reached 7.69%.
the highest premium rate this year is 11.51%
As the overall transaction amount was only 28 million yuan, accounting for only 0.01% of the circulation market value of Citic Securities Company Limited(600030) , there was no requirement to trigger the letter phi. Therefore, no announcement was made on the change of equity in this block transaction after Citic Securities Company Limited(600030) hours. However, due to the premium transaction, the receiver lost 2 million yuan on the same day.
Generally speaking, the buyers and sellers of block transactions sign an agreement privately and conclude a transaction through the brokerage platform. Because the seller has a relatively large number of shares, in order to reduce the impact cost in the secondary market and make a smooth transaction, it has become the mainstream to give the buyer a certain discount. The situation of premium block trading is more complex. One situation is that the buyer is optimistic about the performance of relevant listed companies and is not willing to collect chips by buying in the secondary market. The reporter of the daily economic news noted that recently Citic Securities Company Limited(600030) did not have many transactions on the block trading platform, but the proportion of premium transactions was not low.
According to the data of East Money Information Co.Ltd(300059) choice financial terminal, 38 block transactions have occurred in Citic Securities Company Limited(600030) since 2021, including 14 premium transactions, 11 parity transactions and only 13 discount transactions.
The transaction with the highest premium rate occurred on August 26. On the same day Citic Securities Company Limited(600030) , 699600 shares were traded at the price of 27.41 yuan per share, with a turnover of 19.176 million yuan. On the same day, the closing price of Citic Securities Company Limited(600030) secondary market was 24.58 yuan per share, with a premium rate of 11.51%. The buyer’s business department is CICC fortune Shanghai Jing’an District Nanjing West Road business department, and the seller’s business department is China Securities Co.Ltd(601066) Shanghai Fushan Road business department.
securities companies are optimistic about next year’s opportunities
This year, Citic Securities Company Limited(600030) shares have been mediocre due to the news of allotment. In 2020, Citic Securities Company Limited(600030) closed at 29.40 yuan per share, and 2021 is coming to an end. Based on the current share price, Citic Securities Company Limited(600030) does not rule out the following decline in 2021.
On February 26, 2021, Citic Securities Company Limited(600030) issued the “a + H” share allotment plan of RMB 28 billion. The plan shows that the company plans to allot no more than 1.939 billion shares to A-share and H-share shareholders based on the total share capital of 12.927 billion shares as of December 31, 2020, including no more than 1.597 billion shares for A-share and no more than 342 million shares for H-share.
As soon as the news came out, Citic Securities Company Limited(600030) share price once suffered a sharp decline in the short term. But the related work has been advancing steadily.
On July 27, the CSRC issued the first feedback notice on Citic Securities Company Limited(600030) and put forward eight questions on Citic Securities Company Limited(600030) This allotment. On August 16, Citic Securities Company Limited(600030) issued four announcements to revise the company’s plan for public offering of shares, and answered the feedback from the CSRC on the project review of the company’s share allotment. On November 15, Citic Securities Company Limited(600030) announced that the company’s A-share allotment application was approved by the issuance and Examination Committee of the CSRC.
However, it is worth mentioning that most seller analysts tend to be optimistic about Citic Securities Company Limited(600030) in 2022 and even the whole securities industry.
For example, AVIC Securities pointed out that the CSRC recently deployed the reform task next year. On December 13, the CSRC held a party committee (expanded) meeting. The meeting stressed the need to comprehensively deepen the reform and opening up of the capital market and help the high-quality development of the real economy under the guidance of the reform of the whole market registration system. On December 17, the CSRC issued relevant amendments to the provisions on the trading interconnection mechanism between the mainland and Hong Kong stock markets. In the long run, it is conducive to maintaining market stability, supplementing regulatory blind spots and cracking down on some financial crimes.
AVIC Securities believes that when A-Shares will be fully registered in the future, the industry policy will be favorable, the market will form expectations of loose liquidity, and the valuation of securities companies is expected to be further repaired. It is suggested to pay attention to leading securities companies and securities companies with successful wealth management transformation, such as Gf Securities Co.Ltd(000776) , Citic Securities Company Limited(600030) , Huatai Securities Co.Ltd(601688) .
(Daily Economic News)
