A shares fluctuated sharply this week, and the share prices of listed companies staged “radish squatting” one by one. In the face of the weak market, listed companies have shown their magic powers and carried out the action of “protecting the market”. Some have issued the “February report” and some have come out to buy back real gold and silver.
On the evening of March 10, Midea Group Co.Ltd(000333) announced that it planned to buy back 2.5 billion yuan to 5 billion yuan, with the repurchase price not exceeding 70 yuan / share. Earlier, on March 9, Midea Group Co.Ltd(000333) share price hit a new low for more than a year, almost halving from the historical high of 105.88 yuan / share in February last year. This week, listed companies released more than 100 share repurchase plans or the latest progress of share repurchase. However, the data show that the road of bottom reading is not easy.
