YiYuan Communication Shares Hit Daily Limit as Margin Buying Ratio Reaches 65.73%
YiYuan Communication was listed on the Dragon-Tiger list on August 13 after margin buying exceeded 50% of its daily trading volume. The stock closed at RMB 59.43, up 9.99%, with turnover of RMB 528.64 million. Margin buying accounted for 65.73% of the day's volume, with Guotai Haitong Securities as the top buyer at RMB 283.95 million. Over the past month, three such anomalies occurred, with Shuifa Gas recording the highest margin buying ratio of 76.36% and a 10.04% gain on July 13. Yongxin Optical also saw a 51.81% ratio and a 10.00% rise on July 28.
On August 13, YiYuan Communication was listed on the Dragon-Tiger list because its margin buying volume exceeded 50% of the day's total trading volume. The stock closed at RMB 59.43, up 9.99% for the day, with a total trading volume of 8.8952 million shares and a turnover of RMB 528.64 million. Margin buying accounted for 65.73% of the day's trading volume. The total margin buying amount of the listed branches was RMB 347.11 million, of which the largest margin buying member was Guotai Haitong Securities Co. , Ltd. , with a margin buying amount of RMB 283.95 million on that day.
Over the past month, there have been three records of abnormal stock movements due to margin buying. The highest ratio of margin buying volume to daily trading volume was for Shuifa Gas, which on July 13 had a margin buying ratio of 76.36%; followed by YiYuan Communication, which on August 13 had a ratio of 65.73%.
In terms of stock price performance, among the stocks listed in the past month, there were three records of price increases on the day of listing. The largest gain was for Shuifa Gas, which rose 10.04% on July 13. In terms of turnover, among the stocks with abnormal margin buying in the past month, the highest total daily turnover was for YiYuan Communication, which had a turnover of RMB 528.64 million on August 13.
Other stocks with abnormal margin buying include Yongxin Optical, which on July 28 had a margin buying ratio of 51.81%, with the stock rising 10.00% that day, a total trading volume of 1.884 million shares, and a turnover of RMB 191.53 million.