China number counter-purchases stock behind the curtain: Shrink of 10 days of share price 3 into
September 18, 2008
Dispatch of sina science and technology on September 16 message, china number (00861.HK)11 day began his to appear on the market more than 7 years to come first the stock is counter-purchased, immediate cause is its share price recently the shrink inside 10 days nearly 30% , carry through counter-purchasing brace up the confidence that share price strengthens investor. Divine code share price drops direct inducement is Dai Er profit of 2 quarters net profit glides, reason of deep administrative levels is capital market magnified economy puts the delay influence to IT industry.
China number appears on the market 7 years to counter-purchase a stock first
On September 12, zhou Wu, last week the last trade day, announcement of China number night, its counter-purchased 50 thousand publicly through Hong Kong stock exchange, the price uprights at 2.61 to 2.67 HK dollar between, cost one hundred and thirty-one thousand eight hundred and ten HK dollar. That day, china number share price relatively before 1 day (11 days) still drop went 5 harbor celestial being, 11 days of its share price are 2.7 HK dollar, 12 days drop to 2.65 HK dollar, drop extent is 1.852% , be defeated at grail — constant unripe index dropped 12 days 0.18% .
Although counter-purchase the forehead is spent very small, but this already was China number counter-purchases a stock the 2nd times. This before today on September 11, china number appears on the market more than 7 years to counter-purchased a stock first. That day, newspaper of China amount share closes at 2.7 HK dollar, dropped 1.099% .
Shrink of 10 days of share price is close 30%
Will tell normally, appear on the market the company counter-purchases a stock publicly through 2 class market general to carry brace up share price, outward bound expresses the confidence to the company, china number also is not exception. A news spokesman represents China amount, the business of the company grows and do not have a problem, divine code counter-purchases a stock is to express the confidence of pair of company foreground to investor.
China number needs to express confidence through counter-purchasing, because its share price encountered in the near future,be inflict heavy losses on — drop inside 10 days went nearly 30% . Those who accompanying Hong Kong stock market is low fan, china number rises its share price to begin to drop from August 20, but drop very small, great majority is to drop everyday go 1 harbor celestial being, still have now and then rise. Begin from September 2, its share price began considerably drop.
Through harbor of sina finance and economics system of real time quotations can see:
On September 2, drop 0.18 HK dollar come 3.72 HK dollar, trade one million three hundred and seventy-four thousand four hundred;
On September 3, drop 0.25 HK dollar come 3.47 HK dollar, trade 2.09 million;
On September 4, drop 0.22 HK dollar come 3.25 HK dollar, trade 1.801 million;
On September 5, drop 0.09 HK dollar come 3.16 HK dollar, trade 356 thousand;
On September 8, share price is changeless, trade 2.437 million;
On September 9, drop 0.26 HK dollar come 2.9 HK dollar, trade 1.986 million;
On September 10, drop 0.17 HK dollar come 2.73 HK dollar, trade 2.406 million;
On September 11, drop 0.03 HK dollar come 2.7 HK dollar, trade one million two hundred and thirty-nine thousand two hundred;
On September 12, drop 0.05 HK dollar come 2.65 HK dollar, trade two million two hundred and forty thousand six hundred.
Calculate from September 2 case, the share price of number of the China inside 10 days had dropped 28.8% , shrink is close 3 into.



