Is there any limit on the subscription amount of new shares?

Is there any limit on the subscription amount of new shares?

The new earnings of A shares in Shanghai and Shenzhen stock markets are relatively high, and the probability of breaking new shares after listing is low and the probability of rising is high, so the new activities of stocks are very popular among investors. So today, Bian Xiao is here to sort it out for everyone. Let's take a look!

Is there any limit on the subscription amount of new shares?

There is a quota limit for investors to subscribe for new shares.

According to the regulations of Shanghai and Shenzhen Stock Exchanges, investors need to hold the market value of the first 20 trading days (including T-2) in their securities accounts on T-2 (T is the online subscription day) to calculate the subscription amount, but investors need to hold more than 20 shares in Shanghai and Shenzhen stock markets 1000 for 20 consecutive trading days to qualify for new shares.

According to the regulations of Shanghai Stock Exchange, investors can subscribe for one unit for every 1 000 yuan of Shanghai stock market value, and the part less than 1 000 yuan is not included in the subscription amount. Each subscription unit is 65,438+0,000 shares, and the number of subscriptions is 65,438+0,000 shares or an integer multiple thereof, which shall not exceed one thousandth of the initial number of shares and 99,999,000 shares at most.

According to the regulations of Shenzhen Stock Exchange, investors can purchase one unit for every 5,000 yuan of Shenzhen market value, and the part less than 5,000 yuan is not included in the purchase quota. Each subscription unit is 500 shares, and the number of subscriptions is 500 shares or an integral multiple thereof, which shall not exceed one thousandth of the initial number of new shares and 99.999 million shares at most.

Can you win the top subscription?

Investors' top purchase is to purchase according to the maximum quantity that can be purchased at present. However, even if it is a top-level subscription, the probability of investors winning new shares is low, and they may not be able to win. The probability of winning the lottery is only about four in ten thousand.

For example, if an investor holds a position in Shanghai 12 days within 20 trading days, and the market value of the stock is 654.38+10,000 yuan, then the average daily market value of the stock is (12 _10)/20 = 60,000 yuan, and investors can subscribe for1000 yuan. Although investors subscribed for 6,000 shares, because Shanghai and Shenzhen A shares allocated new shares by lottery, investors may be lucky to win 5,000 shares, or they may not win the last one.

The reasons for the annual report growth and stock price decline are as follows:

1, main shipment

The performance announced by individual stocks is good, which will attract investors to buy to some extent. And some main players use investors' buying to distribute their chips to retail investors to achieve the purpose of shipment, which will lead to the decline of individual stocks.

2. Affected by market conditions and industry cycles.

When a stock announces its performance, it happens that the market is in a downturn or the industry cycle is in a recession. Due to the influence of market conditions and industry cycle, investors will reduce their purchases or positions of the stock due to risk considerations, resulting in a decline in individual stocks.

3. the performance is less than expected.

Although the performance of individual stocks is good, its increase is less than expected, which will cause market investors to panic and sell in large quantities, leading to a decline in stock prices.

4. Good cash

Before the performance forecast, individual stocks have digested the news of performance growth in advance, that is, individual stocks have experienced a sharp rise before the performance forecast, which will also lead to the trend that individual stocks will not rise or even plummet after the performance forecast.

5. Performance growth has nothing to do with the main business.

The performance of individual stocks is good, however, its performance has nothing to do with the main business, but is obtained through the sale of subsidiaries or judicial compensation, while the main business is still at a loss, and investors in the market will not buy it for risk reasons, which leads to the decline of individual stocks.

6, mainly washing dishes

When the results were announced, the main force found that there were many retail investors in the market. In order to whitewash the retail investors in the market and reduce the pressure on the stock to continue to rise in the later period, it will first throw some chips on it to suppress the stock price, causing the retail investors in the market to panic and throw out the stocks in their hands to achieve the purpose of washing the dishes. After washing the dishes, the main force will take back the following stocks and raise the stock price.