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it rose to the point of dizziness, leading brokerage firms hit their daily limit in late trading

2024-09-27

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brothers and sisters, did the price rise today make you dizzy? it only took three days to go from 2700 points to 3000 points! the gem index once soared 12%, and a-shares recorded their best weekly performance since 2008! it was definitely a day to witness history.

as of the close, the shanghai composite index closed up 2.88%, approaching 3,100 points; the gem index soared 10%, and the transaction volume set a record high. a-share trading volume reached 1.46 trillion yuan throughout the day, a three-year high. the shanghai stock exchange index rose nearly 13% this week, its best weekly performance since november 2008; the chinext index rose nearly 23%, its best performance in history.

a total of 5,226 stocks in the market rose, 138 stocks reached daily limit, and 96 stocks fell.

due to the popularity of the market, abnormal transactions occurred on the shanghai stock exchange, and there were failures and delays in processing orders. the shanghai stock exchange issued an announcement at noon stating that there was an abnormal slowness in transaction confirmation in stock bidding transactions and that the relevant reasons were being investigated. in the afternoon, many a-share investors still reported that some stocks on the shanghai stock exchange were still unable to be traded and that orders could not be canceled after placing them. towards the close, the system seemed to be back to normal and trading volume had increased.

citic securities, the leading brokerage stock, hit its daily limit in late trading, with transactions exceeding 6.5 billion yuan. the stock also hit its daily limit for the first time since july 28, 2023.

brokerage stocks broke out collectively, with citic securities, oriental fortune, shanxi securities, changjiang securities, western securities and many other stocks hitting their daily limit.

the real estate sector became active again in the afternoon, with vanke a, sunshine shares, cinda real estate, everbright jiabao, gemdale group, hefei urban construction, i love my home and other stocks hitting their daily limit.

liquor stocks have once again set off a rising trend, with kweichow moutai rising by more than 6%, with the stock price standing above 1,600 yuan.

the new energy track broke out, and catl surged by more than 10%.

on the downside, bank stocks fell after rising, with agricultural bank of china, industrial and commercial bank of china, and china construction bank falling by more than 3%.

everyone knows the reason, so i won’t look for it. have a good weekend!