9 boards in 10 days! Local infrastructure stock Zhejiang Construction Investment (002761) has stepped out of the temperament of "demon stocks".
On February 18, Zhejiang Construction Investment closed with a limit increase of 19.28 yuan, and recorded 9 stops in 10 trading days, a cumulative increase of 146%. Even so, the sentiment of chasing funds is still strong, and the company closed nearly 65,000 lots on the closing price on Friday.
Such a trend of "pulling wind" has also attracted the attention of regulatory authorities. On the evening of the same day, Zhejiang Construction Investment received a letter of concern from the Shenzhen Stock Exchange due to continuous sharp rises. At the same time, the Shenzhen Stock Exchange said that a total of 43 cases of abnormal securities trading behaviors have been self-disciplined this week, involving abnormal transactions such as intraday pulling and suppression, false declarations, etc.; focusing on monitoring the recent abnormal gains of "Zhejiang Construction Investment" and "Hangzhou Garden".
From the trend point of view, the company's stock price opened 5.53% higher on Friday, and the opening transaction was 379 million yuan, with a turnover rate of 8.45%. Subsequently, the company's stock price rose sharply, and after hitting the limit at 11:00, the board was briefly opened, because the early chip exchange was sufficient, and the funds once again sealed the limit until the close.
Zhejiang Construction traded 1.877 billion yuan throughout the day, and the turnover rate was as high as 41.58%.
Dragon and Tiger list data show that on Friday, the two institutions bought a total of 70.9 million yuan in a total of buy one and two positions, and Huatai Securities Shanghai Mudanjiang Road seat sold a position net of 58.45 million yuan.
The strong performance of Zhejiang Construction Investment has also led to the overall rise of the engineering construction sector. Among them, Hangzhou Garden rose 13.82%; Ningbo Construction Engineering, Chengbang Shares, Yuancheng Shares, Tengda Construction rose and stopped; Shaanxi Construction Engineering, Anhui Construction Engineering and so on rose sharply.
Zhejiang Construction's "unreasonable" trend has forced the company to "expose its shortcomings" and cool the stock price.
On the evening of February 16, Zhejiang Construction Investment issued a stock price change announcement that the company's current operating conditions are normal, and there have been no major changes in the internal and external operating environment. As of the close of trading on February 16, the company's latest price-to-earnings ratio was 16.03 times, and the latest price-to-book ratio was 2.64 times, both significantly higher than the level of listed companies in the same industry. The balance of the company's accounts receivable is large, and due to the control of the real estate industry, the turnover speed of accounts receivable is slow, and there is a certain risk of receivables recovery. The company is located in the construction industry with a high asset-liability ratio.
As soon as this announcement came out, not only did it not play a cooling role, but it added fuel to the fire, funds flocked to it, and Zhejiang Construction Investment pulled two more stops.
Today, the 10-day 9-board Zhejiang Construction Investment was finally monitored, and the company also received a letter of concern from the exchange.
The Shenzhen Stock Exchange requires the company to confirm whether there is material information that should be disclosed but has not been disclosed, whether there have been major changes in the company's fundamentals; detail the recent research of reception institutions and individual investors, and whether there is a violation of fair disclosure of information; and verify whether the company's controlling shareholders, actual controllers, directors, supervisors, senior executives and their immediate family members have bought and sold the company's shares, and whether there is suspected insider trading.
In addition, it is worth mentioning that on April 24, Zhejiang Construction Investment will have 249 million restricted shares listed and circulated, and the above-mentioned restricted stock market to be circulated is about 4.8 billion yuan based on today's closing price.