109.9 bln yuan lock-up shares to become tradable
Xinhua, March 19, 2016 Adjust font size:
Lock-up shares worth about 109.9 billion yuan (16.9 billion U.S. dollars) will become eligible for trade on China's stock market in the coming week.
The value is much higher than the previous week's 25.5 billion yuan.
Over 5.5 billion shares from 41 companies will become tradable on the Shanghai and Shenzhen stock exchanges from Monday to Friday, according to financial information provider Wind.
Under Chinese market rules, major shareholders of non-tradable stocks are subject to one or two years of lock-up before they are permitted to trade.
Orient Securities will see 2.16 billion non-tradable shares unlocked, the largest amount to hit the market next week.
China's stock market enjoyed a winning steak this week. The benchmark Shanghai Composite Index gained 1.73 percent on Friday to close at 2,955.15 points, its highest point in almost two months, while the Shenzhen index ended 3.42 percent higher at 10,126.59 points.
The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, extended the stellar performance to surge 4.34 percent and close at 2,177.87 points. Endi