shuanghui development “ harms others does not self-interest ” Agencies withdraw 5 days value of 17 billion dollars
Xinhua Shanghai, April 25 (reporter Yi Yang sinking) shuanghui development shares 25th lowest since the create Biological Aerated food safety issues, this total had nearly $ 60 billion in the market value of food processing industry listed company “ harms others does not self-interest ”, since March 15 5 trading days have shrunk 17 billion yuan. Behind the collapse in its share price, double sinks the last two trading days the cumulative exchange rate is more than the sum of the first three months of the year, a lot of institutional money withdrawal can be seen.
the media “ double dealer commitment to the meeting ” after clarification, shuanghui development shares April 25 resumption once again usher in a significant decline after once fell in the disk, its stock price reaching 58 per share. Lows of $ 52. Shuanghui development exchange rate on the day as high as 7. 37%, despite the modest fall compared with the previous trading day, but one-day contract 25. 6.8 billion yuan is still show institutional money out of some huangbuzelu.
shuanghui development opens the drop to 21st, published by the Shenzhen stock exchange transactions, public information displays, signs of net selling from institutional investors are clear. Shuanghui within three days after the resumption of the sell up to 5 agencies seats sold a total of 13. $ 300 million. And in buying up to 5 seats in the Everbright Shenzhen shennan road securities business departments have bought 3 new Trojan. $ 100 million, became a seat bottom-most, but far less than the selling agencies sell total amount up to 5 seats. From 25th shuanghui stock prices plunged again, the first three trading days to buy a large quantity of funds clearly bottom-“ copy in the &rdquo on the hillside.
some analysts pointed out that, since the relevant provisions of the China Securities Regulatory Commission require fund company held a stock market value of the single fund product cannot exceed the total net assets of the Fund's 10%, part of the market value of shares held by the Fund in order to avoid double removals over, must sell shuanghui shares to reduce the percentage position.
by the end of the first quarter of 2011, offering securities investment fund industry in China a total of 164 Fund 2. Shuanghui development 1.6 billion share stock, of which 56 Fund at the top in the stocks only hold shuanghui development, proportion of net assets of the Fund at the end of last year over 5% of the Fund for a total of 16. In such a huge public placement Fund needs to sell double sinks stocks under pressure, coupled with some funds due to the need to meet redemption pressures had to passive selling shuanghui shares continuous killing fall is not surprising.
in this case, although shuanghui development still claim that 2011 years companies will still be in the first quarter net profit of 2. $ 6.5 billion to 2. 700 million Yuan, and part brokerages Institute also given double meeting vigorously “ support ”, repeatedly sing more double meeting development fundamentals sought to support its shares, but from 2008 milk industry listed company encounter “ melamine ” event Hou shares Super expected plunged of performance see, break food security this section bottom line of listed company itself market substantially shrink or will difficult to avoid, double meeting lean fine event eventually caused has “ harms others does not self ” of double negative effect.
