To put it bluntly, a stock has a limited purchase period. Once the purchase restriction period has passed, it can be circulated in the secondary market, which is called the banned shares. This kind of stock is also called the banned stock. People often say that the size of the non-lifting of the ban means this, and the meaning of non-tradable shares means non-tradable shares. Generally speaking, those whose total positions exceed 5% are called big non-profits, and those whose total positions are less than 5% are called small non-profits. The lifting of the ban on stocks means that stocks can be traded at will, but the holders don't have to sell them, but they can buy them if they can. The specific steps are decided by the holder.
The cost of restricted shares is very low, generally speaking, it is one yuan per share. The cost of lifting the ban on restricted shares is the public offering price. Let's talk about whether the lifting of the ban on stocks is good news or bad news for the stock market.
First of all, the lifting of the ban on stocks is a good thing for enterprises selling stocks, because it can make enterprises better carry out equity financing, but it is bad news for the stock market, because it will cause some assets separation in the stock market.
Secondly, after the lifting of the ban on stocks, such stocks that could not be circulated before can be sold and circulated, which increases the total number of tradable shares in the stock market. In other words, it increases the market demand for stocks, which in turn damages the relationship between supply and demand to a certain extent, especially in the case of non-tradable shares owned by non-size, the cost is extremely low. Once the ban is lifted, they generally get huge profits, which will easily lead to the reduction of non-size. In other words, if you sell your own stock, as we all know, buying more and selling less will lead to a high stock price, and buying less and selling more will lead to a decline. Therefore, the lifting of the ban on shares is undoubtedly bad for the sales market.
In the end, after the lifting of the ban, the stock price is still threatened by two factors:
First, it depends on the time of lifting the ban. If the ban is lifted earlier, the banker will take the opportunity to shock and build cheap financing, and the bad news of lifting the ban will be digested and absorbed earlier. After the information of lifting the ban is released, the bad news will get better and better, and the stock market has just started to pull up its share price. After such things are lifted, the stock price will generally rise.
Second, it depends on whether the expectations of investors are high. If the subsequent index is quite large, the banker in the stock will run away. If the follow-up index is small, the stock dealer will raise the stock price until the investor's follow-up system software becomes very high.
Therefore, whether the stock market is good or bad after the lifting of the ban depends on time, trading volume, major shareholding ratio and follow-up index of shareholders.
Many people compare the lifting of the ban on stocks to a dammed lake, which is definitely bad for the stock market. This is not completely absolute. Sometimes the damage to the sales market depends on the holder's own decision, and people can't take it out of context.