公司性因素 公司经营状况的好坏与股价成正比。主要分析公司股票除权除息，

公司性因素 公司经营状况的好坏与股价成正比。主要分析公司股票除权除息，公司增资.减资等对股价产生的影响。公司性因素只影响到单个公司的股价变动。 1）除权除息。上市公司在以现金方式分红派息或以红股方式派息以后，股价容易产生波动。上市公司除权除息以后，股价相对较低，容易刺激投资者购买；同时，除权除息的缺口也加大了股票价格的涨升空间，容易诱使市场投机者拉抬股价。 2）增资配股。上市公司因业务需要会发行新股以增加资本额。新股发行后，上市公司的股本数增加，从而使每股股票的净值下降，因而会导致股价下跌。但对于一些业绩优良.财务状况良好的上市公司的绩优股而言，增资以后股价不仅不会下降，反而会上涨，因为上市公司增资以后将增强公司的经营能力和获利能力，从而会使股东获取更多的投资收益。 3）减资。当公司宣布减资，即减少资本时，上市公司的资本总额也将随着减少，这主要是公司出于经营发展的战略需要，或由于公司经营不善.连年亏损，上市公司需要重新整顿。公司减资会使股价大幅波动。

The quality of a company's operation is directly proportional to its stock price. This paper mainly analyzes the impact of the company's stock ex dividend, capital increase and capital reduction on the stock price. Corporate factors only affect the stock price of a single company. 1) Ex right and ex dividend. The stock price of listed companies tends to fluctuate after paying dividends in cash or bonus shares. After ex right and ex dividend, the stock price of listed companies is relatively low, which is easy to stimulate investors to buy; At the same time, the gap of ex right and ex dividend also increases the rising space of stock price, which is easy to induce market speculators to pull up the stock price. 2) Capital increase and share allotment. Listed companies will issue new shares to increase capital due to business needs. After the issuance of new shares, the number of share capital of listed companies increases, so that the net value of each share decreases, which will lead to the decline of share price. But for some excellent performance and good financial situation of listed companies, the stock price will not decline, but will rise after the capital increase, because the capital increase of listed companies will enhance the company's operating ability and profitability, so that shareholders will get more investment income. 3) Capital reduction. When a company announces a capital reduction, that is, a reduction in capital, the total capital of the listed company will also decrease. This is mainly due to the strategic needs of the company's operation and development, or due to the company's poor management and successive losses, the listed company needs to be reorganized. The company's capital reduction will make the stock price fluctuate greatly.<br>

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