Oriental Fortune opened low when opening, but trading was normal before 9:40. Starting from 9:40, the stock price crashed and was hit to the limit within 3 minutes, accompanied by huge trading volume. As of today's closing, Oriental Fortune firmly closed the limit, with a total transaction of about 243 million shares throughout the day, and the number of transactions hit a new high in more than four months.
Before this, Oriental Fortune's stock price was very strong: from the beginning of the year to last Friday, the company's stock price rose by 14.59%, while the ChiNext Index fell by 18.68% during the same period.
has strong performance support, and Oriental Fortune's stock price has rarely seen a sharp drop since this year. The company's operating income in the first half of this year was 1.635 billion yuan, a year-on-year increase of 49.44%, and the net profit attributable to the parent company's shareholders was 559 million yuan, a year-on-year increase of 114.77%.
Regarding the reasons for the stock price plummeted, a staff member of the Secretary-General of Oriental Fortune Company responded to the Securities Times e-company reporter that he had paid attention to the sharp drop in the company's stock price today, but the company does not have information that should be disclosed but has not been disclosed.
The dismal operating performance of brokers in August may be the inducement of Oriental Wealth's sell-off. Data shows that among the A-share listed securities companies, the operating income of 28 securities companies with complete comparable data fell by 50.95% year-on-year, and the net profit plummeted by more than 80% year-on-year. The sharp decline in securities companies' performance may attract investors' concerns about Oriental Fortune's recent performance: Oriental Fortune's securities business revenue exceeds half of the company's total revenue.
But who is smashing the market today? Some answers may be found in the after-market Dragon and Tiger List.
data shows that there are institutional seats in Oriental Fortune today, selling first, second and fifth, and the three institutional seats sold a total of about 155 million yuan.
In today's trading, the sales department seats of Oriental Fortune Securities were held to protect the market: Oriental 4 Fortune Securities Shanghai Dongfang Road Securities Branch, Oriental 4 Fortune Securities Lhasa Tuanjie Road Second Securities Branch and two other branches bought 53.84 million yuan and 46.04 million yuan respectively, with a total purchase of nearly 100 million yuan.
However, at the same time, the above two sales departments of Oriental Fortune also sold a large amount.
In fact, the plunge of Oriental Wealth also corresponds to the market recession. Today, many market indexes hit new stage lows:
ChiNext Index fell below 1400 points, setting a new low in the past four years;
Shenzhen Component Index has been in a row, setting a new low in the past 46 months;
SME Board plummeted by 2.63%, also setting a new low in the past 44 months.
Shanghai Composite Index is only one step away from its previous low.
At the same time, the funds in the mainland stock exchange that had previously continued to inflow have also abnormally experienced continuous net outflows in recent days.
data shows that if the changes in the daily usage quota of Shanghai Stock Connect and Shenzhen Stock Connect are regarded as the net inflow or net outflow amount of the corresponding funds, it can be found that in the six trading days since September, half of the trading days of Shanghai Stock Connect have seen net outflows, of which the net outflow amount on September 5 exceeded 2 billion yuan, setting the largest net outflow amount in the past two months.
, while Shenzhen Stock Connect funds have experienced net outflows for 4 consecutive trading days.
Zhongyuan Securities believes that the weight of MSCI was included last week increased last week, and many active funds that followed the trend of entering the market were out of the market, and then the overall net outflow was shown last week. It is too early to say that the inflow of northbound capital has stagnated and further verification is needed based on the data from the next two weeks. However, the big financial and big consumption (excluding liquor) industries that continued to increase their positions in the early stage reduced their positions last week. For markets with their own trading volume, once the increase in incremental funds is temporarily suspended, they believe that they need to be more cautious and more patient in the future market.
Southwest Securities Zhang Gang's research report pointed out that due to the hardship of multiple negative news over the weekend, the A-share market opened low and closed low on Monday, down sharply. Factors leading to market decline include: the performance of securities firms in August declined sharply; related companies in the Apple chain plummeted across the board due to Sino-US trade frictions; the scale of IPOs on the weekend significantly exceeded expectations, and investors' pessimism increased again; the August CPI and PPI data released on Monday morning are not optimistic.
The above research report of Southwest Securities pointed out that the on-market stock funds continued to leave the market pessimistically, and the market had no enthusiasm for long, and the only leading hot spots could not attract off-market funds to enter and go long. Major indexes in Shenzhen have hit new lows since the stock market crash, and the market's pessimistic market sentiment continues to release. Due to the protection of some heavyweight stocks, the Shanghai Composite Index has not yet hit a recent new low, but the future trend is still not optimistic. When will the market exit the decline channel in the future still depend on strong policy support. The research report believes that it is expected that the Shanghai Composite Index will continue to test the area below 2653 points in the short term, and the ChiNext market will continue to decline in the short term, and the possibility of seeking effective support is greater.
This article is from Securities Times
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