Xianglu Tungsten Hits Daily Limit on 24.15% Turnover; Net Capital Inflow RMB 310 Million

Xianglu Tungsten hit the daily trading limit on August 10, with a full-day turnover rate of 24.15%, trading volume of RMB 2.535 billion and a price amplitude of 12.44%. Public information from the Shenzhen Stock Exchange showed the stock was listed on the Dragon-Tiger list after its daily gain deviation reached 9.43%. Dragon-Tiger list data showed that dedicated institutional seats recorded a combined net sell of RMB 1.50 million, the Shenzhen-Hong Kong Stock Connect dedicated seat recorded a net sell of RMB 6.71 million, and business department seats recorded a combined net buy of RMB 204 million.

The top five buying and selling departments on the list that day posted combined transactions of RMB 829 million, comprising buy-side volume of RMB 512 million and sell-side volume of RMB 316 million, for a combined net buy of RMB 196 million. Specifically, four dedicated institutional seats appeared, with combined buy amount of RMB 118 million and sell amount of RMB 119 million, resulting in a combined net sell of RMB 1.50 million. The Shenzhen-Hong Kong Stock Connect dedicated seat was both the largest buyer and the largest seller among the departments, with buy amount of RMB 163 million and sell amount of RMB 169 million, for a combined net sell of RMB 6.71 million.

In terms of capital flows, the stock saw main capital net inflow of RMB 310 million that day, including RMB 305 million from super-large orders and RMB 5.56 million from large orders. Over the past five sessions, main capital net inflow totaled RMB 632 million. In addition, over the past half year, the stock has appeared on the Dragon-Tiger list 24 times, with an average gain of 0.67% on the next trading day after listing and an average gain of 1.03% over the five days following listing.