Under the spotlight, Xingyu Technology surged to a price of 3.05 yuan at the opening of the market, with an increase of +20.08% triggering the intraday suspension mechanism. Trading was suspended for one hour, and trading resumed at 10:30:04.
The investors who were staring at Xingyu Technology’s handicap were confused.
Especially after the bidding results came out, those who were bearish and believed that the stock price would fall below the issue price today never expected that a slap in the face would come so quickly.
Soon after, major market software pushed messages:
[Xingyu Technology opened with an increase of +20.08%, triggering a temporary stop, and the stock price hit a record high. The current stock price is 3.05 yuan per share, the market value is 839.832 billion yuan, and the current transaction volume exceeds 1.2 billion yuan. 】
It only took less than 100 million at the opening to raise the stock price by 20 percentage points and hit the critical limit, and the market value skyrocketed to nearly 140 billion.
This has also made Xingyu Technology parachute to the fifth position in the current A-share market capitalization, surpassing Bank of China. The market capitalization of the top four companies is Zhong Petroleum 15,400 yuan, ICBC 1.35 trillion yuan, and China Construction Bank 11,900 yuan. Billion and Agricultural Bank of China 849.3 billion.
The Shanghai Composite Index opened slightly lower by -0.09% in the call auction today at 1961.81 points. At the opening, Xingyu Technology's direct increase of +20% hit the stop in seconds, which directly drove the Shanghai Composite Index up to +0.16% in a straight line, and the points reached 1966 points. about.
However, the market then began to slowly fall back, and once again turned green and fell -0.20%. The index fell to 1959.33 points and hit a new record low. However, because it had just come out of a record low, it was pulled into the red market again, and began to fluctuate upward.
Qunxing Capital is working, but it is not igniting the rise but buying the bottom.
As time went by, around 10:30, Xingyu Technology, which had been temporarily suspended for one hour, resumed trading. At this time, hundreds of millions of investors in the two cities were paying attention.
At the moment when Xingyu Technology resumed trading, its time-sharing line once again attacked straight up at a vertical 90-degree angle. The stock price hit a price of 3.31 yuan, an increase of +30.31%, triggering a second intraday stop.
This temporary suspension will last until the last three minutes of late afternoon trading, which is when trading resumes at 14:57.
It only took more than 32 million yuan to raise another 10 percentage points, triggering a second temporary stop. Soon after, major market software pushed messages again:
[Xingyu Technology rose by +30.31% and triggered a second temporary stop. The stock price hit a record high of 3.31 yuan, with a market value of 911.425 billion yuan and a current turnover of 1.247 billion yuan. 】
The stock's popularity index ranks first, and discussions in the stock forum comment area and major communication groups are also extremely hot.
[The order was opened but no transaction was completed. I’m so angry. If I had known earlier, I would have bought it at 20 points! ]
[It’s so awesome. It’s immediately sold out after the market opens. If you don’t bid, you can’t buy it at all. ]
[I placed an order through call auction, but canceled it before 9:20, I feel so regretful! ]
[You thought the opening bid would double, but it opened flat for you. When you thought it would fall below the issue price, it opened with a straight line for seconds and was about to stop, and then resumed trading and it was a straight line for seconds before it was stopped. ]
[Hahaha, the faces of the short-sellers were swollen, and the main force gave away money and failed to seize the opportunity. The bidding was full and the two financings were 5 million, and I got 1.5 million, which is great! ]
[This is the picture above! ]
[Holy shit, did you really bid for 5 million? Rich man! ]
[This is a huge profit. ]
[The main force is really giving away benefits and money. Alas, I didn’t catch it, so I can only watch it. ]
[Before the market, I was stubborn and broke my hair. Look at me getting rich now. ]
[Stop scolding, stop scolding...]
[It’s very confusing to open the bidding evenly, but after five minutes of thinking time, some people have already realized that this is giving them a chance to get on the bus, and they will rush to the stop immediately after the opening. ]
[The market value of Xingyu Technology surpasses the Agricultural Bank of China and ranks fourth. It feels like it will exceed one trillion today. ]
[There will definitely be a surge in the late trading, breaking through one trillion is inevitable! ]
…
As the morning session ended, Xingyu Technology became the focus of discussion among various investors in the two cities during noon.
Today's trend has been wrong from the opening to the present. No one expected that this super large-cap stock would move like this. The bearish people were all speechless at this moment, and the bulls were also proud.
Now he started to say loudly, "The market value of one trillion has just started, and the market value of two trillion is not a dream." The bulls overwhelmingly overwhelmed the bears.
As a company listed on the main board of the Shanghai Stock Exchange, Xingyu Technology has surged with such a large scale, and its contribution to the Shanghai Stock Exchange Index is particularly obvious. Today, it contributed the largest increase to the Shanghai Stock Exchange Index.
However, this stock has not yet entered the Shanghai Composite 50 Index and the Shanghai and Shenzhen 300 Index constituent stocks. Investors in these two major index ETFs have not been able to reap the dividends from Xingyu Technology’s rise.
But everyone knows that with the adjustment of the constituent stocks of these two major indexes in the second half of the year, Xingyu Technology will inevitably enter the Shanghai Stock Exchange 50 Index and the Shanghai and Shenzhen 300 Index.
…
As time passed and the market opened in the afternoon, the Shanghai Stock Index rose amid shocks, without releasing much energy.
Everyone originally expected that the Shanghai stock index would definitely increase in volume today. Maybe the trading volume of Xingyu Technology alone would account for more than half of the entire Shanghai stock market. Xingyu Technology has at least 30 billion yuan in transactions. This amount is currently The liquidity of the A-share market means that the whole-day trading volume of the Shanghai Stock Exchange Index is only over 30 billion.
As a result, no one expected that Xingyu Technology would go like this. The current trading volume is less than 1.3 billion, because the opening price was too low, and the price after the opening was too strong. At this time, the holders will definitely be reluctant to sell.
At 14:57 in late trading, Xingyu Technology resumed trading again, and the stock price surged straight up again after the resumption of trading.
It is worth mentioning that according to the current call auction rules of the A-share market, the Shenzhen Stock Exchange has a three-minute late call auction from 14:57 to 15:00, while the Shanghai Stock Exchange has not yet implemented this rule. That is to say Continuous bidding will still be maintained in the last three minutes until the close.
At this moment, the time-sharing line of Xingyu Technology rose rapidly in the last three minutes, because short-term funds were frantically rushing to raise money, and at the same time, it also pushed the stock price to continue to hit record highs.
Fang Hong was also looking at the bidding situation of Xingyu Technology in the late trading. At this moment, the stock began to explode in late trading, and several major cooperative institutions were smashing the market to suppress the rise in the stock price.
At 14:58, the transaction volume of Xingyu Technology had exceeded 1.7 billion. By 14:59, another 500 million transaction volume was released within one minute, and 750 million transaction volume was released again in the last minute.
After the market closed, the trading volume of Xingyu Technology on its first day of listing was 2.956 billion yuan. It was the second-largest stock in the two cities in terms of trading volume today. The top-ranking stock was Yixing Video, which was listed on the Shenzhen Stock Exchange through a backdoor merger. The super monster stock has released 3.7 billion in energy, and it hit a record high today.
Fang Hong saw the closing price of Xingyu Technology and closed the page with satisfaction. On the first day of listing, there was a big positive line, and the final closing price was locked at 3.68 yuan per share. It rose sharply on the first day of listing + 44.88%, with a market value of 1,013.306 billion yuan, breaking through the trillion market value mark.
Its market capitalization is second only to PetroChina, ICBC and China Construction Bank, ranking fourth in market capitalization in the A-share market.
There will be no problem if Xingyu Technology's increase today is suppressed below 50 percentage points. Several major cooperative institutions have still fulfilled Fang Hong's requirements very steadily.
In addition, although the market index slightly touched a new historical low today, the super large-cap stock of Xingyu Technology surged by more than 40 percentage points during the session and became the largest contributor to the rise of the Shanghai Stock Exchange Index today.
The market index closed up +0.85% today, closing at 1980.12 points, with a trading volume of 40.6 billion. Compared with yesterday's release of some volume energy, the Shanghai Stock Index finally did not fall out of five consecutive losses this week.
…
(End of chapter)
