The next day, Friday, November 30th.
At around 9:10 in the morning, the A-share market will start a call auction in five minutes.
Fang Hong also came to the trading room on the second floor of the villa. He tapped a few times on the keyboard and cut to the time-sharing chart of a stock. It turned out to be Xingyu Technology on the Shanghai Stock Exchange Main Board.
This super giant will land in the A-share market today, which is attracting everyone's attention. On the current stock popularity lists of Shanghai and Shenzhen stock markets, Xingyu Technology's popularity index tops the list.
At this moment, the comment area of the stock forum is extremely lively, with countless investors watching.
As time went by, the call auction officially started at 9:15. When the first price number came out of the auction, many investors were extremely surprised.
The price of Xingyu Technology per share was 2.65 yuan, an increase of +4.33%, and it was also beaten down.
Although the first five minutes of the call auction are relatively unimportant because orders can be canceled, Xingyu Technology's start to the auction was really too awkward, which formed a strong contrast with the atmosphere before the listing.
Yesterday, the capital market was boasting that the market value of one trillion yuan has just started, and a market value of two trillion yuan is not a dream.
Is that all today’s bidding?
That's it?
Funds from all walks of life in the two cities are eyeing Xingyu Technology. Large investors, retail investors, institutions, hot money, and QFII foreign investors are all surprised. But soon, big funds are ecstatic. Isn't it giving away money by offering such a low price?
Many people think this way, including some retail investors who also think this is a very good buying opportunity.
However, there are relatively few funds participating in the bidding. Orders submitted in the first five minutes can be canceled, but orders submitted after 9:20 cannot be cancelled.
The current low price of Xingyu Technology is indeed a very cheap bargaining chip, but most funds do not dare to participate because they are afraid of quoting now. After a while, big funds will burst in and their prices will be lower than the opening price and they will not be able to complete the transaction.
For example, if you participate in the bidding at an increase price of +10% now, once you declare it, if the opening price is above +10%, then the declared order will be a useless order that cannot be executed.
But if you directly quote a higher price, such as participating in the purchase declaration at a +20% increase price, if the order is taken, it is likely to be a high-priced order.
This is also the current psychological game between the long and short parties.
Xingyu Technology’s collective bidding is obviously abnormal, and people without inside information really don’t dare to intervene.
As the saying goes, when things go awry, there must be something evil. Logically speaking, you shouldn't bid at such a low price. Yesterday, the market's expectations were doubled, but now the bidding has not even increased by 5 percentage points.
However, the scale of investors in the two cities is huge. Even if there is a small number of people, it is still a large number. There are still many people who are furious when they see such a cheap price.
The retail investors who won the lottery were surprised, but most of them chose to watch the excitement and did not sell their winning chips, because they were really not much, only a few thousand dollars.
There was no selling or bidding to add positions, because the opening was too weird.
At this moment, the bidding competition on the market of Xingyu Technology is fierce. The bulls are raising the price fiercely, and the bears are also suppressing it strongly. At around 9:23, the effective orders on the market have reached 375 million yuan.
Investors were very surprised when they saw this number. Such a large number is rarely done in the collective bidding stage. Even for large tickets, the funds invested in the collective bidding are only about 1,000,000, and a little more is only 2,000. Around 10,000.
But Xingyu Technology has already made hundreds of millions through collective bidding, and it is still increasing.
The will of the bears to suppress seems to be extremely determined, but the power of the bulls cannot be underestimated, because the price is very cheap, and there is a lot of money that dares to raise.
As time passed by, at 9:24:55, when the call auction was about to end with only 5 seconds left, the short side suddenly spent more than 600 million yuan in one go, directly raising the price Beat it down.
Five seconds later, the call auction results of the A-share market came out. Xingyu Technology opened flat at a price of 2.54 yuan per share, +0.00% higher than the issue price, and the opening market value was locked at 700 billion.
However, the trading volume of call auctions can reach a huge 1.1 billion, and there has never been a stock that has reached the billion level during call auctions.
The bidding results issued by Xingyu Technology surprised everyone. Yesterday it was seriously higher than expected. Today's opening price is definitely lower than expected.
The comment area of Xingyu Technology’s stock forum is now very lively.
[The promised trillion market capitalization has just started? ]
[The collective bidding of this ticket is really weird. It actually opened evenly. No matter how bad it is, it won’t open evenly. What did you think of the 1.1 billion sold? I really can’t figure it out, who is selling it? ]
[Haha, the opening price is 2.54 yuan, and Xingyu Technology will break the price on the first day of listing. ]
[Look at how the stock index has fallen. There is no water in the pool, but this elephant still insists on getting in at this time. Learn from Xuezhong Petroleum. It was listed when the market was 6,000 points. The atmosphere was so hot at that time. . ]
[This new lottery winner is really lonely. I thought I could earn a few months’ worth of groceries by winning 1,000 shares...]
[Hahaha, isn’t this bidding result embarrassing? Just ask those brokers, institutions and stock commentators who are boasting if they are embarrassed. The slap in the face hurts. The stock price is 8 yuan and the market value is 2 trillion. Oh my god, I still hear the news, hahaha ,Killing me! ]
[I don’t understand, but I’m shocked. ]
[Why is it so low? Isn't this giving away money? For such a good company, I think it is definitely possible to have a market capitalization of one trillion yuan. ]
[Then buy it quickly. ]
[Haha, I have doubts about life. ]
[I bought more than 10,000 lots through collective bidding, and sold more than 3 million. I firmly believe in my judgment. ]
[Rich man! ]
[The call auction opened at such a low price, I spent 100,000 yuan, and I am firmly bullish. ]
[Whether it is strong or not is considered weak, bearish! ]
[Really laughing to death, the price of Xingyu Technology is bearish? What's going on? According to the latest disclosed third-quarter results, the price-to-earnings ratio plummeted from 45 times to about 10 times. Where can you find such a low price-to-earnings ratio for such a high-profit technology company? This horse riding is the main force giving opportunities to get on the horse. Some people really don't use the opportunities. When the time comes, some of you will envy them. ]
[Looking at the P/E ratio to speculate in stocks? Why do you buy bank stocks? ]
[Haha, don’t you care about the industry? ]
[Are you really focusing on charity? Will it give you a chance to make money? ]
[Anyway, the bidding has already reached 5 million with the full position and two financings. Don’t delete the post. I’ll slap you in the face later. I’ve already taken a screenshot. ]
[I wish you fortune, haha. ]
…
The comment area of Xingyu Technology's stock forum is particularly popular right now. After the bidding price was far lower than expected, there are really many people who are short-sighted, and there are also many people who are gloating about Xingyu Technology's misfortune, seriously mocking Xingyu Technology for choosing such a poor time to go public. There are also many stupid people.
There was so much hype before the listing, but the issue price was set through a call auction on the first day of listing, which slapped a kind of bullish person in the face.
At this moment, many people who sang many songs before the listing did not say anything, because they are also a little confused now. Most of the latest comments in the stock bar comment area are shouting that Xingyu Technology is going to break.
Time passed by, and at 9:30, the market officially entered the opening continuous bidding stage.
…
(End of chapter)
