Bottom reading ST shares need to be cautious.
For most investors, this morning should be a good day. In early trading, the Shanghai Composite Index rose 1.29%, the gem index rose 2.89%, and more than 3300 stocks rose. It is definitely a painful memory for investors who delisted new 100 million. In early trading, delisted Xinyi fell 72% at the opening, setting a record of the biggest decline in the opening of A-Shares in recent 30 years as of the morning closing, the stock fell nearly 70%.
On March 30, delisting Xinyi entered the delisting consolidation period, which lasted 15 trading days. There is no price limit on the first trading day, and the daily price limit thereafter is 10%. The reasons for delisting disclosed in the company’s announcement show that the Shanghai Stock Exchange has implemented major illegal compulsory delisting due to financial fraud. The company’s performance in the past 10 years was also poor. It continued to lose money in 2021, and had a net profit loss in 5 of the previous 9 years.
It is worth pondering that in the process of delisting Xinyi share price callback, bottom hunters were enthusiastic. From the perspective of the number of shareholders, the number of shareholders of the stock was less than 20000 at the end of the first quarter of last year, reached 23830 in the interim report of last year, and further increased to 24087 in the third quarterly report of last year. The turnover of the stock at the end of last year and the beginning of this year is also rising. The turnover exceeded 1.8 billion yuan in December last year and 1.1 billion yuan in January this year, both of which are the highest levels in history.
After the decline in early trading today, the stock has fallen below an all-time low and hit a new low. In terms of the annual stock price performance, the K-line chart of the stock is also basically in line with its performance, with sharp fluctuations and mainly decline. The share price of the stock has fallen for three consecutive years in the past three years, falling more than 30% in 2020 and more than 70% this year. In more than 20 years of listing, Xinyi has been delisted for three times, and the annual line has fallen for three consecutive times.
in years, five ST shares fell by more than 50%
Last year, the performance of St sector was impressive, with a cumulative increase of 57%. The stock price rise without performance support is like a castle in the air. Since this year, the st sector has continued to fall, with a cumulative decline of more than 8%. Among the 44 stocks, there are 44 with more than 44 ST shares, with more than 20% of the year’s decline over the year, and more than 20% of the year’s decline over the year. The ‘ theshare price fell by more than 64%.
The above Great Wall International Acg Co.Ltd(000835) , Egls Co.Ltd(002619) and other stocks have been on the verge of delisting, while Shanghai U9 Game Co.Ltd(600652) , Chunghsin Technology Group Co.Ltd(603996) and other stocks have also sounded the delisting alarm. It is worth mentioning that in the process of stock price decline, the above-mentioned stocks also showed signs of large trading volume to varying degrees. Taking Great Wall International Acg Co.Ltd(000835) as an example, the turnover of the stock in February and March was close to 500 million yuan, which was a high level in more than a year.
this st stock has been trading for 25 consecutive days
There are many st stocks with a decline of more than 30% this year. Some of them were bull stocks last year, such as Zotye Automobile Co.Ltd(000980) , Shangying Global Co.Ltd(600146) , Nanning Baling Technology Co.Ltd(002592) , Zhongxing Tianheng Energy Technology (Beijing)Co.Ltd(600856) , etc., which all doubled last year.Times the bull stock. High volatility and high risk are the norm of ST shares, but they also mean high returns.
The st stock market with the best performance this year is Fujian Start Group Co.Ltd(600734) , with a cumulative increase of more than 191%. Taking into account the daily limit this morning, the stock has risen for 25 consecutive times. Moreover, the stock rose by about 150% last year. The reason for the continuous rise of the stock may lie in restructuring. Earlier Fujian Start Group Co.Ltd(600734) announced that after the reorganization, Fujian big data company will become the controlling shareholder of the company and Fujian SASAC will become the actual controller of the company.
In terms of other stocks, Jiangsu Boxin Investing & Holdings Co.Ltd(600083) , Bus Online Co.Ltd(002188) , Zhejiang Unifull Industrial Fibre Co.Ltd(002427) and other stocks led the increase. Among them, Jiangsu Boxin Investing & Holdings Co.Ltd(600083) rose by more than 92%, ranking second. The sharp rise of the stock may be related to Hangzhou state-owned assets becoming its largest shareholder. The announcement also mentioned that Jintou Chengxing under Hangzhou state-owned assets and its persons acting in concert will negotiate with other shareholders of the listed company to make certain adjustments to the members of the board of directors, board of supervisors and senior managers of the listed company. After the adjustment, it is expected to realize the control of the board of directors of the listed company.
