How To Guard Against The Trap Of Manipulating Opening Price

Since this year, Negotiable securities There has been a large increase in the market. market Popularity has also been active again, and investors' enthusiasm for participating in securities trading has gradually picked up. At the same time, some irregularities in the past have risen in the market. Individual investors are driven by interest factors, trying to engage in short term manipulation, including "manipulation of opening price", which endangers the securities market, and at the same time causing abnormal fluctuations in stock prices, they achieve the purpose of pursuing speculative profits.

However, due to the characteristics of its manipulation methods, such as strong concealment and temptation, the majority of them are small and medium-sized. Investment People can not fully understand the nature and harm of "manipulating the opening price", so it is easy to blindly follow the trend of speculation, resulting in serious consequences of high position and deep hold up.

To this end, the "hand over price" as an example, summarizes and summarizes the short-term manipulation of individual investors, in order to remind investors to be alert to the risks. The trading practices of "opening price" mainly include the following characteristics:

1. buy large quantities. During the period from 9:15 to 9:20, the large number of individual hot money speculating large numbers of buyers, and the amount of entrusted is often larger, which accounts for a higher proportion of total market entrust.

2. the price is high. The above declared price of the account is usually much higher than the closing price of the stock, and some accounts are often declared on the daily price. When the amount of the entrusted account accounts for a certain proportion of the market, the declared price will have a significant impact on the simulated opening price of the market in real time, so as to achieve misleading purpose for other investors.

3. withdraw all orders for purchase. When other investors buy in the wind and keep the share price, they immediately withdraw all orders before buying.

4. actually sold a lot on that day. After the "opening price" is successful, the account will usually sell in large quantities to make profits, which is the real purpose of manipulating the stock price.

In response to the short-term manipulation including the "opening price", the Shanghai Stock Exchange has increased its monitoring efforts in real time, but has also recently locked a number of accounts that have been reported in large numbers, frequently declared and frequently revoked during the bidding period. Among them, for some serious securities accounts (such as Wu and Zhang account), the Shanghai Stock Exchange has adopted measures to restrict account transactions in order to crack down on market manipulation in the bidding stage. At the same time, the Shanghai Stock Exchange also requires relevant members to effectively fulfill the management responsibilities of customer transaction actions, play a synergy role of collaborative supervision, and jointly maintain the order of securities transactions.

Short term manipulation has always been one of the key points for the Shanghai Stock Exchange to supervise and combat. At present, with the restart of the new stock issue in Shanghai stock market, individual investors are trying to take advantage of the enthusiasm of the small and medium-sized investors to "fight new" and "stir up new", and engage in short-term manipulation including "manipulating the opening price". To this end, the Shanghai Stock Exchange said that it would closely monitor the transactions on the first day of the listing of stocks, and affect the accounts of securities trading prices or securities trading volume through large centralized declaration, continuous declaration, high price declarations or frequent revocation declarations. It will take measures such as restricting transactions and reporting to the CSRC for investigation and treatment in accordance with relevant regulations. At the same time, the Shanghai Stock Exchange also reminded the majority of small and medium-sized investors to further recognize the essence and harm of the speculation behavior of large floating capital investors. They should avoid the first day of blindly following the trend to "stir up new products" and avoid blindly offering quotas during the first day of the new stock market opening.