"Ex-rights means that listed companies have the right to split shares, that is, to pay dividends by sending shares and converting shares, and the other way is to pay dividends. Dividends should be paid after the release of the company's annual report or interim report, probably in April-August. After the stock transfer, it will inevitably form a price gap.
For example, Donghua Technology (002140) announced at 20 1 1 on May 3rd that the company will distribute the dividend of the previous year (return investors) on May 10th: every 10 share, 1.5 yuan will send it. (Ex-dividend closing price is RMB 39.00)
Through formula calculation, (39.00-(1.5/10))/(1+6/10) = 23.44 yuan, which is the ex-dividend price, and the opening price on the first day of ex-dividend is 23.78 yuan.
It is not difficult to see that ex-dividend has nothing to do with the trend of the stock itself. However, the market has formed a misunderstanding, that is, how to distribute dividends, and even high delivery has now become a concept disk. This is actually the result of blind ignorance of retail investors, and it is more one of the news tools for institutions to take the opportunity to drive up and suppress the market. For example, institutions can gradually push up the stock price by opening positions before the news is announced (generally it is tricky with listed companies), and then quickly pull it up, and then shake it out after the dividend information is announced; There are also reverse operations, even out of the so-called charging market, and get a maze.
There is no difference in taking (pre-) reinstatement in operation, and there is no need to consider any factors such as large increase in performance and high turnover rate. "
To put it more bluntly, the original intention of dividends is to give back to the stable shareholders of the company at the end of the year. Dividends and share transfers are real. This kind of shareholders don't pay much attention to the stock market value, which is an investment concept, similar to the financial yield; On the contrary, if we only focus on the secondary market price around the dividend date, it is the speculative idea of unstable circulation shareholders. Of course, securities are different from ordinary financial products, with high risk appetite, large losses and large price fluctuations in the secondary market. Any investor must be troubled.
Explain the trend after the ex-rights. Like other stocks, it is first influenced by the overall market environment, followed by the industry (hot spots) and its own characteristics (leading industries, restructuring, etc.). ) and whether the main funds are sought after. There are also some factors, such as the second spring after filling in the right or a sharp drop.
It's hard to write a lot of experience if you give points, haha.