Huafang Textile: Share Price Fell After Intensive Bulk Trading

Last week, the market turmoil intensified, especially on Thursday, in the SFC approved 11 enterprises IPO applications, the overnight market volatility and other negative impact, jumped low opening, although at 2350 point support, the intraday rally and red, but after noon, the market suddenly changed, in the short back of the shock, low volatility, eventually dropped 0.72% close.

Some analysts pointed out that although the long and medium term trend of A shares is very clear, there are many pressures on top 2400 points, plus more risks in the near future. The risk of market adjustment has gradually arrived and investors need to control the positions well.

Bulk

In the market, on October 10th -16, a total of 5 trading days, the Shanghai and Shenzhen two cities totaled 193 pactions, including 118 pactions in Shenzhen stock market, 75 pactions in Shanghai Stock Exchange, 894 million shares in total volume, and the turnover amount was 7 billion 268 million yuan.

From the single paction volume, the most amount is Xinke material (600255).

In October 16th, Xinke material traded 75 million shares, the turnover amount was 398 million yuan, the paction discount rate was 3.28%, the sales department was the exclusive seat for the organization, and the buyer's seat was Guotai Junan Shanghai Dapu Road Sales Department.

In addition, Xinke materials in October 15th, a paction turnover amounted to 385 million yuan.

In addition, the paction volume was followed.

Huafang textile (600273) and Xingyuan filtration (300266) were traded at 168 million yuan and 155 million yuan respectively.

The highest discount rate in these pactions is 15.75%.

The paction took place on Hengyi Petrochemical Company (000703), which was sold in October 15th. On the same day, 18 million shares were traded at Hengyi Petrochemical Company, with a turnover of 130 million yuan. The seller's business department was the Sales Department of Beijing Jianguo Wai Street, the buyer of Haitong Securities Shanghai Jianguo West Road Sales Department.

In addition, there are more than 20 stocks with a discount rate of more than 10%, including Yasheng industry, Yichang stock, Huasheng Tiancheng, Luxi Chemical Industry, Yiling pharmaceutical company, Qian Yuan medicine, Lao Fengxiang, giant group, Shang Shi development, Shichang stock and Ming Tai aluminum industry.

In addition, there is only one staple paction in the st stock this week.

*ST Hyun Cheng (600381) traded 146 thousand and 200 shares in October 15th, the paction amount was 3 million and 700 yuan, the paction discount rate was 4.02%, the Sales Department of both parties were CSC's Southern Song Jinhu Road Sales Department.

In the two tier market, *ST Hyun Cheng shares have been trading on a continuous basis.

The following pactions are noteworthy in these pactions:

Huafang textile is frequently traded in bulk: Huafang textile (600273) took up 15 major pactions in October 13th, totaling 50 million shares, with a turnover of 460 million yuan, with a discount rate of 7.63%. The seller's business department was the Sales Department of Huatai Securities Zhangjiagang East Street Sales Department; the buyer's seat was scattered in Hailong securities, Anxin securities and Nanjing securities, and there were no rules to follow.

It is worth noting that before the two market trend is quite stable Huafang textile, third days after the occurrence of major trading, a sharp adjustment, just two trading days, the stock price fell more than 10%, showing a trend of breaking, worrying.

In the early September,

Textiles received the approval of the SFC, the former permitted company's major reorganization and the issuance of 932 million shares to the 96 Party of Zhejiang Jiahua group Limited by Share Ltd.

Former permitted company's non-public offering does not exceed 104 million new shares to raise matching funds for the issue of shares to purchase assets.

At the end of September, Huafang textile non-public offering shares were successfully listed.