After the National Day holiday, the National Securities Transaction Automated Quotation System (STAQ system) began trial operation in Beijing, providing member companies with securities buying and selling price information and settlement services.
For the same type of Pengcheng listed company stocks, the fifteen business departments of Pengcheng's three securities companies have only one stock price at the same time, ending the history of different stock prices at the same time in different business departments. Paperless centralized trading is implemented, and large-scale computers automatically Transactions are matched, transfers are made automatically, and paperless transactions are implemented.
Paper stocks can also be traded.
Fifteen business offices have issued notices every day starting from the 3rd of the 10th, asking shareholders to open Pengcheng stock accounts at Pengcheng Stock Registration Company, go through paper stock registration procedures, and deposit trading funds at the securities company's business department. All paperless centralized transactions will be implemented on January 2.
Five Pengcheng listed companies also published notices canceling paper stock trading in local newspapers, radio and television.
There is a three-month buffer period.
On January 2, 1991, all securities company business departments in Pengcheng canceled paper stock transactions and implemented paperless transactions. The paper stocks of the five listed companies will be invalid, and all legal risks will be borne by the stock holders themselves. .
In previous lives, a handful of forgotten paper stocks became precious collections. Who can own a set of "Peng Wugu" or "Shanghai Eighth Stock"? Who is the vice president of the local collection association!
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"Brother Wei, I feel a little panicked today, will something happen?"
Zhang Lei and Wei Tie arrived at Hongli Sales Department before nine o'clock. Zhang Lei held a copy of "Pengcheng Special Economic Zone Newspaper" in his hand.
"Zhang Lei, if Pengfa opens at a low price, we will ship the goods. If it continues to rise above the limit, it means that the dealer won't leave, so just ignore it and queue up first."
In less than three months, the two of them had made 50% of their profit on Peng Development. They planned to wait until it doubled before leaving, but when they saw the stern notice in today's "Pengcheng Special Economic Zone Daily", they felt a drum in their hearts.
At ten past nine, the sales department was crowded, and there were three long queues of more than 200 people in front of the trading counter.
At 9:25, the call auction came out, and all five stocks opened at their daily limit. The investors who held stocks on the scene cheered. Those who did not have stocks shook their heads and sighed. The investors who were planning to queue up to sell stocks also breathed a sigh of relief and left the queue one after another.
There were less than twenty people left at the trading desk.
Nine thirty-five.
Suddenly a big order came in. The buy orders for more than 15,000 shares on Pengfa's daily limit board disappeared, and there were more sell orders for more than 15,000 shares!
The stockholders at the scene exclaimed and went to line up one after another.
"Zhang Lei, let's line up!"
Wei Tie suddenly remembered the development of Maipeng, and had a premonition that a big banker would get wind of it and start shipping.
"Brother Wei, look!"
A big buy order swallowed up the sell order for more than 15,000 shares, and also placed a buy order for more than 70,000 shares!
"Zhang Lei, I want to sell it, you decide for yourself."
Wei Tie had a premonition that something was going to happen.
"Brother Wei, let me take a look before talking about it?"
Zhang Lei hesitated.
Ten minutes passed and the purchase order still existed.
The number of people lining up has shrunk again.
"Zhang Lei, I filled the daily limit and sold."
Wei Tie ran over.
"Brother Wei, look!"
A big order eliminated the buy orders for more than 70,000 shares and sealed the sell orders for more than 100,000 shares!
A sell order for more than 50,000 shares suddenly appeared at the price of 111 yuan and 9 cents.
One big order ate up the sell orders for more than 50,000 shares, and placed buy orders for more than 40,000 shares.
A big order eliminated the buy order for more than 40,000 shares, and placed a sell order for more than 100,000 shares!
"I'll fill out the bill of sale again!"
The long and short parties competed vigorously, and the seller made huge profits and had an absolute advantage. Wei Tie's daily limit sell order was not completed.
"Brother Wei, I'm going to fill in the sales form too!"
More than 400 people lined up in three long lines.
Another sell order for more than 50,000 shares suddenly appeared at the price of 111 yuan and 9 cents.
There were sell orders for more than 10,000 shares at the price of 111 yuan and 8 cents.
There were sell orders for more than 10,000 shares at the price of 111 yuan.
…
The dealers on both sides of the long and short sides engaged in a fierce battle. The short side had a clear advantage, and the trading volume increased by more than a thousand times!
Wei Tie sold it at one hundred and ten yuan and two cents, the deal was done! Zhang Lei filled in an extra corner, but there was no deal!
At 10:10, Peng Development turns green!
Profits are pouring out!
A big sell order of more than 300,000 shares sealed Peng Development's price limit at 104 yuan and 76 cents!
Wei Tie smiled, and Zhang Lei regretted it.
Pengwanke's daily limit funds were smashed by a sell order of more than 300,000 shares, and profits surged out. In less than five minutes, the stock turned green and headed straight for the lower limit.
The funds on the daily limit boards of Peng Yuanye, Peng Jintian and Peng Anda were also opened up by large orders, and profit orders poured out...
The bulls are powerless to resist.
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"Li Sji, the Pengcheng stock market fell 4.6% today, with a transaction volume of more than 90 million yuan!"
"okay, I get it!"
Li Hao frowned.
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Twenty-three days.
At around nine o'clock, the Hongli Road Sales Department was crowded with worried investors.
"Pengcheng Special Economic Zone Daily" continued to publish the "Notice on Maintaining the Order of Our City's Securities Trading Market" on its front page, resolutely banning illegal off-site black market transactions and confiscating illegal gains. The Economic Crime Section of Pengcheng Public Security Bureau has intervened in collusion inside and outside the business department, During the investigation of the H city transfer transaction, one case was discovered and investigated and dealt with. If it constituted a crime, it was transferred to the court and dealt with severely and expeditiously.
Peng Development opened at the lower limit of 99 yuan and 70.7 cents, with more than 500,000 shares closed. Peng Yuanye also opened at the lower limit, with more than 200,000 shares closed. Pengjintian fell by 4.5%, and Peng Anda fell by 4.5%. fell 4.2%, and Pengwanke fell 3.2%.
The fierce counterattacks launched by bulls were extinguished by the surge of profit orders. The market plummeted 4.6%, with a turnover of more than 140 million yuan.
Big change of hands between long and short!
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Twenty-fourth.
"Pengcheng Special Economic Zone Daily" continued to publish the "Notice on Maintaining the Order of Our City's Securities Trading Market" on its front page, resolutely banning illegal OTC H-market transactions and confiscating illegal gains. The Municipal Public Security Bureau's Economic Crime Section yesterday took away Bank of China Securities Co., Ltd. Deng ** and Zhang **, staff members of the Hongling Road Sales Department, cooperated with the investigation. If criminal facts are discovered, they will be handed over to the court and dealt with resolutely and quickly.
Peng Development opened at 97 yuan and 2.4 cents, opening 2.6% lower!
It is rumored that the major shareholder Xiangjiang Runtao Company privately reduced its holdings of the company's shares. Peng Yuanye continued to open at the daily limit, with more than 500,000 shares closed.
Pengjintian opened 3.5% lower, Penganda opened 3.7% lower, and Pengwanke opened 2.9% lower.
Peng Development continued to fall and dropped to 95 yuan and 20 cents. The bulls began to counterattack and large buying orders poured in. It once turned red before the market closed in the morning, but it still could not withstand the surge of profit orders. The maximum price was 90 yuan. It closed at 6 yuan and 40 cents, down 3.5%.
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On the 26th, Pengcheng made a rule: in the future, government officials, securities management and practitioners are not allowed to purchase new shares or expanded shares.
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The 26th is also the delivery day for the October contract of Nikkei stock index futures and Hang Seng stock index futures.
The Nikkei Index opened flat at 25,300 points. The main short sellers took over and the market continued to decline. Before closing at noon, it broke the integer mark of 25,000. After opening in the afternoon, the market continued to decline and dropped to 2,480. Zero, the bulls launched a counterattack, and finally closed at 25,000, a drop of 300 points, or 1.2%, and the transaction volume shrank by 30%, which was an immeasurable decline.
Sun Jian shorted the October Nikkei stock index futures contract for US$50 million from 38900 points (with ten times the leverage). The Nikkei stock index plummeted by 13,600 points, a drop of 30.96%, and he recorded a profit of 1 US$87 million.
