为什么除权日钱少了？

除权日是指股票交易市场上的一个重要节点，通常在股票分红或配股后的一段时间内进行。在除权日之前，公司会根据股东持有的股票数量，给予相应的分红或配股权益。然而，在这一天到来之后，很多人都会发现自己手中的股票价值明显减少了，也就是俗称的“钱少了”。那么，为什么除权日会让我们感到钱少了呢？

首先，我们需要了解除权日的操作原理。除权日其实是将公司的利润分配给股东的一个过程。在除权日之前，公司公布每股的分红金额或配股比例。但是，除权日一到，公司会根据股票的除权系数对股票进行相应的调整。这意味着，股东手中的每股股票价格会按照除权系数进行调整，从而导致总股票价值的减少。

Why is the money less on ex-dividend day?

Ex-dividend day is an important milestone in the stock market, usually taking place after a stock dividend or rights issue. Prior to ex-dividend day, companies distribute dividends or rights issues based on the number of shares held by shareholders. However, after this day, many people find that the value of their stocks has significantly decreased, hence the phrase "money less". So why does ex-dividend day make us feel like we have less money?

Firstly, we need to understand the operation principle of ex-dividend day. Ex-dividend day is actually the process of distributing company profits to shareholders. Prior to ex-dividend day, the company announces the amount of dividend per share or the ratio of rights issues. However, on ex-dividend day, the company adjusts the stock according to the ex-dividend coefficient. This means that the price per share held by shareholders is adjusted according to the ex-dividend coefficient, resulting in a decrease in the total value of the stocks.

其次，除权日之后，公司实际上将一部分利润分配给了股东。这意味着公司的现金流减少了。由于公司需要支付股东的分红或配股权益，对于其他市场参与者来说，他们的资金总额确实减少了。因此，我们会感到手中的钱变少了。

Secondly, after ex-dividend day, the company actually distributes a portion of its profits to shareholders. This means that the company's cash flow decreases. As the company needs to pay out dividends or rights issues to shareholders, for other market participants, their total funds indeed decrease. Therefore, we feel like we have less money in hand.

另外，除权日也会影响股票价格的走势。在除权日之前，股票的价格通常会受到投资者对即将分红或配股的预期影响，从而出现上涨。但是，一旦除权日到来，股票价格会按照除权系数进行调整，从而导致价格的下跌。这也是为什么除权日后，我们感到手中的钱少了的原因之一。

Furthermore, ex-dividend day can also affect the trend of stock prices. Prior to ex-dividend day, stock prices usually rise due to investor expectations of upcoming dividends or rights issues. However, once ex-dividend day arrives, the stock prices are adjusted according to the ex-dividend coefficient, resulting in a decrease in prices. This is also one of the reasons why we feel like we have less money in hand after ex-dividend day.

总之，除权日让我们感到钱少了主要是因为股票价格的调整和公司利润分配给股东的过程。虽然在除权日之后我们的钱确实减少了，但这是公司按照规定进行分配的结果。对于长期持有股票的投资者来说，他们仍然可以享受到分红或配股带来的利益。因此，除权日虽然让我们感到钱少了，但它也意味着我们作为股东分享了公司的利润。

In conclusion, the reason why we feel like we have less money on ex-dividend day is mainly due to the adjustment of stock prices and the process of distributing company profits to shareholders. Although our money does indeed decrease after ex-dividend day, this is a result of the company's regulated distribution. For long-term investors who hold stocks, they can still enjoy the benefits brought by dividends or rights issues. Therefore, although ex-dividend day makes us feel like we have less money, it also means that as shareholders, we are sharing in the company's profits.