On March 11, the media leader with a market capitalization of over 100 billion suddenly collapsed.
Some netizens said, was smashed a little confused, what big event needs a big negative column to vent? The after-hours LW data shows that the crazy smash of institutional funds, or the culprit of the stock’s plunge, 4 institutions combined net selling 1.384 billion yuan, and another 3 institutions combined buying 392 million yuan.
On March 11, the market value of more than 100 billion media leader Focus Media shares suddenly collapsed.
On that day, Focus Media shares opened low all the way down, after the afternoon almost smashed by a large single to stop, and finally closed down 7.16%, the whole day amplitude of 10.65%, changing hands rate of 3.32%, a single day evaporated 11.2 billion yuan, the latest market value of 144.6 billion yuan.
It is worth noting that Focus Media’s turnover that day, also hit a sky high, up to 4.87 billion yuan, the highest since the stock was listed. The after-hours LW data shows that the crazy smashing of institutional funds, or the culprit of the stock’s plunge.
Data show that the stock sold the top 5 seats, sell one, sell two, sell four, sell five are institutional seats, respectively, net selling 641 million yuan, 388 million yuan, 204 million yuan, 151 million yuan, 4 institutions together net selling 1.384 billion yuan; another three institutions choose to bottom, respectively, buy two, buy four, buy five seats, a total of 392 million yuan net buying. The above seven institutions combined net selling of 992 million yuan.
Focus Media’s main business is the development and operation of Life circle media, the main products are building media (including elevator TV media and elevator poster media), cinema screen advertising media and terminal outlet media, covering the work scene, life scene, entertainment scene and consumption scene of the mainstream urban consumer, and is the world’s largest urban life circle media.
Data show that as of the end of the third quarter of 2020, the number of shareholders of Focus Media was 140,000, with an average household shareholding of 104,800 shares. Among them, Alibaba (China) Network Technology Ltd. is the second largest shareholder of Focus Media, directly holding 774.4 million shares, accounting for 5.28% of the company’s total share capital. In addition, related parties of Alibaba Network indirectly hold 398 million shares, accounting for 2.71% of the total share capital of the company.
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