Big investors quit bourse in June, figure down 9%
By Ye Zhen |
July 19, 2012, Thursday
|
Print Edition
Print Edition
THE number of big investors on the Chinese mainland's stock market-those holding A shares worth between 10 million yuan (US$1.57 million) to 100 million yuan-stood at 16,793 in June, falling 9 percent from a month earlier, data from the China Securities Depository and Clearing Corp Ltd showed.
The data indicates that 1,752 big investors withdrew their accounts and exited China's stock market last month. Accounts with shares valued at over 100 million yuan also decreased by 28 from a month earlier to 811.
The continued slump in the A-share market has been undermining investor confidence and driving big shareholders away from the market. The Shanghai Composite Index sank 146.8 points in June, dropping 6.19 percent to 2,225.43 points on June 29, not far from the expected bottom of 2,132.63 points.
The number of big shareholders saw a surge in April, jumping 11.9 percent from a month earlier to 17,978, encouraged by a robust 5.9 percent bounce in the market. The number continued to advance to 18,545 in May as investors speculated on the coming of a bull market.
Frustrated big holders chose to leave the market in June.
The data indicates that 1,752 big investors withdrew their accounts and exited China's stock market last month. Accounts with shares valued at over 100 million yuan also decreased by 28 from a month earlier to 811.
The continued slump in the A-share market has been undermining investor confidence and driving big shareholders away from the market. The Shanghai Composite Index sank 146.8 points in June, dropping 6.19 percent to 2,225.43 points on June 29, not far from the expected bottom of 2,132.63 points.
The number of big shareholders saw a surge in April, jumping 11.9 percent from a month earlier to 17,978, encouraged by a robust 5.9 percent bounce in the market. The number continued to advance to 18,545 in May as investors speculated on the coming of a bull market.
Frustrated big holders chose to leave the market in June.
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