Business     

53.1b yuan of non-tradable shares to be unlocked

Xinhua, August 28, 2011

• About 2.79 billion non-tradable A-shares of 25 listed companies will be unlocked in the coming week and become available for trading starting Monday, according to the Shanghai and Shenzhen stock exchanges.

  The market value of the unlocked shares stood at 53.1 billion yuan (8.3 billion U.S. dollars) as of Friday.

  The volume of unlocked shares more than triples that of last week, while the market value of those unlocked shares more than quadruples week-on-week.

  The newly unlocked shares account for 0.39 percent of the current volume of non-tradable shares, while their market value is about 0.66 percent of the total market value in circulation at the Shanghai and Shenzhen stock exchanges, according to the Southwest Securities.

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