What Is The Difference Between The Motherboard And The Small Board?

On the trading system, there are some differences between the main board market and the SME board, so there are also some differences in investment.

Investors need to understand and pay attention to these investment points, especially pay attention to the difference between collective bidding.

1. at present, the main board market has only one collective auction each day. The SME board has two aggregate auction each day, and the second is closing closing auction, and the time is 14:57 to 15:00.

2. from 9:20 a.m. to 9:25 a.m., the Shenzhen stock exchange does not accept the cancellation of the SME stock.

3. because the closing price of small and medium enterprises' stock is generated by the last three minutes' bidding before closing, some investors who are accustomed to doing business in late stage should pay attention to the fact that this period can not be traded continuously.

4. during the opening of the SME stock market, the Shenzhen stock exchange immediately revealed the opening price, matching amount and unmatched amount of the SME stock, which increased the pparency of the open auction.

Investors should match the amount and the amount of unmatched as a new analysis index, judge the actual trading situation behind the opening price, and understand the main fund's trend.

The SME board should not only disclose the first three stocks with a deviation of up to 7%, like the motherboard, but also increase the price of the top three stocks with a daily price of 15%, and the top three stocks with a daily turnover of 20%.

In addition, the SME stock pactions should be suspended if they are abnormal fluctuations.

What is obviously different from the motherboard market is that the definition of abnormal fluctuation range also increases the new condition of abnormal turnover rate: that is, the average daily turnover rate in three consecutive trading days, which is 30 times the daily turnover rate of the first five trading days, and the cumulative turnover rate of the stock in the three consecutive trading days reaches 20%.

For this kind of stock with abnormal turnover rate, investors must resolutely avoid it; if it is in the state of profit, it is necessary to make a profit immediately, so as not to be delayed by the suspension of the exchange.