Money
More non-tradable shares to be unlocked
Updated: 2011-06-13 10:46
(Xinhua)
BEIJING -- About 2.04 billion non-tradable A-shares of 22 listed companies will be unlocked this 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 19.29 billion yuan ($2.97 billion) on Friday last week.
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The relatively low capitalization of unlocked shares means less liquidity pressure on the secondary stock market this week, analysts said.
According to the Shanghai and Shenzhen stock exchanges, 158.57 billion yuan in locked shares will become tradable this month.
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