Gaozheng Minbao Shares Drop 9.71% on Dragon-Tiger List, Institutions Net Sell RMB 47.5 Million

Gaozheng Minbao's stock price fell 9.71% on September 8, with a full-day turnover rate of 9.00%, trading volume of RMB 1.609 billion, and an amplitude of 4.43%. The stock was listed on the exchange's public information list that day due to a daily price deviation of -9.57%. According to the Dragon-Tiger List data, institutional dedicated seats recorded a net sell of RMB 47.5048 million, while Shenzhen-Hong Kong Stock Connect posted a net buy of RMB 18.5681 million. Brokerage seats collectively recorded a net buy of RMB 261 million.

The top five buying and selling business departments on the list had a combined turnover of RMB 583 million, with buy-side turnover of RMB 407 million and sell-side turnover of RMB 176 million, resulting in a net buy of RMB 232 million. Specifically, the institutional dedicated seat ranked first in selling, with a net sell of RMB 47.5048 million. Shenzhen-Hong Kong Stock Connect was the third-largest buying department and the second-largest selling department, with a buy amount of RMB 56.5692 million and a sell amount of RMB 38.001 million, resulting in a net buy of RMB 18.5681 million.

In terms of capital flow, the stock saw a net inflow of RMB 73.9017 million from main funds on the day, including a net inflow of RMB 107 million from very large orders and a net outflow of RMB 33.4491 million from large orders. Over the past five trading days, main funds recorded a cumulative net inflow of RMB 280 million. In the past six months, the stock has appeared on the public information list six times, with an average price increase of 7.98% on the day after listing and an average increase of 23.62% five days after listing.