30 billion bank shares suddenly plummeted. What's the situation.
After soaring several days ago, Bank Of Chongqing Co.Ltd(601963) share price suddenly opened lower after opening this morning. The share price plunged 7.3%, closing at 876 yuan in the morning, with a total market value of 30.4 billion yuan.
A bank with a market value of more than 30 billion suddenly plummeted. Today, the bank has a big event to issue 13 billion convertible bonds.
30 billion banks suddenly plummeted
soared a few days ago
When the whole banking sector fell only 1.23% in the morning, Bank Of Chongqing Co.Ltd(601963) suddenly plunged after opening Bank Of Ningbo Co.Ltd(002142) , Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) share prices rose against the trend.
On the news side, Bank Of Chongqing Co.Ltd(601963) today there was a 13 billion convertible bond issuance news, and there was no obvious bad news in other news.
It is worth noting that Bank Of Chongqing Co.Ltd(601963) soared a few days ago before today's sharp decline.
Stocks with a market value of more than 30 billion yuan suddenly issue 13 billion yuan of convertible bonds, and the amount of bonds accounts for a large proportion of the value of the stock market. From the past situation, there may be the situation that funds buy convertible bonds in advance and participate in the placement, and then smash the market on the day of issuance after obtaining the placement right.
or fund scramble to distribute bonds
ex rights selling today
Under the current market conditions, the first day of the listing of convertible bonds is basically an upward trend. To be allocated with convertible bonds, according to the placement rules, the original shareholders of the listed company are basically allocated proportionally on the registration date. The company's shareholders have the priority to be allocated. After the company's shareholders abandon the purchase, the social public shareholders can participate in the subscription and placement.
Bank Of Chongqing Co.Ltd(601963) announced on March 16 that the issuance of convertible bonds was approved, and then the stock experienced a sharp rise for three consecutive days. It does not rule out that some investors buy positive shares considering being allocated Bank Of Chongqing Co.Ltd(601963) convertible bonds. The registration date of placing convertible bonds is March 22, that is, yesterday, that is, holding Bank Of Chongqing Co.Ltd(601963) shares after yesterday's closing, they can be allocated Bank Of Chongqing Co.Ltd(601963) convertible bonds.
Today, some investors may sell Bank Of Chongqing Co.Ltd(601963) positive shares after obtaining the placement right of convertible bonds, resulting in a sharp decline in shares. However, due to the change of the stock price of the positive shares, it is unknown whether the right allocation of bonds can make money. First, the positive shares may lose money due to the sharp decline today; Secondly, the number of convertible bonds that can be allocated to positive shares, whether the convertible bonds can rise and how much they can rise will have an impact on the profit of debt allocation.
the conversion price of Bank Of Chongqing Co.Ltd(601963) convertible bonds was 11.28 yuan / share, which closed at 8.76 yuan this morning. The conversion value of convertible bonds was 77.66 yuan, less than 80 yuan. It is uncertain whether the listing can be above the face value of 100 yuan and how much it will rise or fall.
Previously, Jiangsu Financial Leasing Co.Ltd(600901) , which can be highly allocated with bonds, also had a similar situation before and after the issuance of convertible bonds. The share price continued to rise before the placement and issuance of bonds, and suddenly fell sharply after the issuance of bonds.
