Shanghai Index Falls 0.82%; Institutions Net Sell RMB252 Million, C Chaochun Net Bought RMB767 Million
On August 11, the Shanghai Composite Index fell 0.82%. Institutional special seats recorded net selling of RMB252 million on the Dragon-Tiger List, with C Chaochun receiving net buying of RMB767 million and Chifeng Gold facing net selling of RMB805 million. C Chaochun surged 662.24% on its debut, while Lifeng New Energy reported a 715% rise in first-half net profit.
On August 11, the Shanghai Composite Index fell 0.82%. Shenzhen-Hong Kong Stock Connect seats appeared on the Dragon-Tiger List for 24 stocks.
C Chaochun saw the highest net buying from institutional special seats. The stock closed up 662.24% for the day, with a turnover rate of 85.73% and trading volume of RMB7.04 billion. It appeared on the Dragon-Tiger List due to no price limit restrictions, with three institutional special seats among the top five buying and selling brokerages, collectively net buying RMB766.8075 million. The stock saw net capital inflow of RMB2.486 billion for the day. Goldwind Science & Technology closed down 8.12%, with a turnover rate of 6.74% and trading volume of RMB4.545 billion. It appeared on the list due to a daily decline deviation of -7.66%. Institutional special seats collectively net bought RMB98.8794 million, while Shenzhen Stock Connect special seats net sold RMB158 million and brokerage seats net sold RMB111 million. The stock saw net capital outflow of RMB526 million for the day. Wanbang Medical hit the daily limit, with a turnover rate of 64.83% and trading volume of RMB1.404 billion. It appeared on the list due to a daily turnover rate of 64.83% and a daily closing price gain of 20.00%. Institutional special seats collectively net bought RMB81.3975 million, and the stock saw net capital inflow of RMB162 million for the day.
Gan Consulting appeared on the list due to a daily amplitude of 22.29% and a daily gain deviation of 10.46%. Institutional special seats collectively net sold RMB146.7059 million, while the stock saw net capital inflow of RMB12.2472 million for the day. China Merchants Energy Shipping appeared on the list due to a daily decline deviation of -8.53%. Institutional special seats collectively net sold RMB101.2003 million, while Shanghai Stock Connect special seats net bought RMB66.0553 million and brokerage seats net bought RMB30.375 million.
Regarding Shenzhen-Hong Kong and Shanghai-Hong Kong Stock Connect, among the stocks on the Dragon-Tiger List on August 11, 24 stocks had Shenzhen or Shanghai Stock Connect seats among their top five buying and selling brokerages. The top net buying stocks were Hayao Group, Chifeng Gold, and Lifeng New Energy, with net buying amounts of RMB312 million, RMB250 million, and RMB111 million, respectively. The top net selling stocks were Goldwind Science & Technology, Jiemei Technology, and Beijing Creative Distribution, with net selling amounts of RMB158 million, RMB102 million, and RMB55.5907 million, respectively.