Zhongji Innolight A-shares sustain high turnover, hit record RMB 67.5 billion on Aug 5
From August 3 to 7, Zhongji Innolight's A-shares saw sustained high turnover, with daily volumes exceeding RMB 10 billion. On August 5, turnover hit a record RMB 67.511 billion, surpassing the previous high of RMB 59.773 billion set on July 30. The stock closed at RMB 947.74 that day, down 9.19% at one point. On August 4, H-shares hit a record high of HK$1,188, closing up 16%, with total market value exceeding HK$1.3 trillion. A-shares also rose 13.24% on August 4. Turnover remained elevated through August 7, with the stock closing at RMB 955.00 on August 6 and ending August 7 down 3.98%.
On August 3, trading in Zhongji Innolight's A-shares was active. As of 10:04, turnover reached RMB 10.248 billion, with the latest share price up 0.53% and turnover rate at 1.03%. By 10:50, turnover expanded to RMB 15.159 billion, with the gain narrowing to 0.70%. At 11:30, turnover reached RMB 20.226 billion, and the share price rose 2.66%. As of 14:04, turnover further increased to RMB 25.038 billion, with the share price essentially flat from the previous close, down 0.02%. For the day, full-day turnover was RMB 54.044 billion.
On August 4, A-share turnover continued to climb. As of 09:54, turnover reached RMB 16.579 billion, with the share price up 8.71%. By 10:04, turnover exceeded RMB 20 billion, reaching RMB 21.723 billion, with the gain expanding to 7.81%. During the session, the gain at one point widened to 10%, with the share price at RMB 992.86. As of 10:58, turnover reached RMB 29.208 billion, already exceeding the previous day's full-day total of RMB 29.144 billion. By 11:10, turnover surpassed RMB 30 billion, reaching RMB 30.015 billion, with the share price up 9.19%. In the afternoon, turnover continued to expand, breaking through RMB 40 billion and RMB 45 billion, reaching RMB 45.068 billion as of 14:16, with the share price up 12.66%. At the close, the stock stood at RMB 1,021.99, up 13.24%, with full-day turnover of RMB 49.790 billion and a turnover rate of 4.56%.
On the same day, the block trade platform saw two transactions, totaling 8,300 shares, with a transaction amount of RMB 8.4825 million, all at a price of RMB 1,021.99.
On August 4, Zhongji Innolight's H-shares performed strongly. The stock at one point rose more than 18% during the session, hitting a high of HK$1,188, a record high since the H-share listing. The H-shares closed up 16% that day, and the company's total market value exceeded HK$1.3 trillion. The A-shares also strengthened on the same day, with intraday gains exceeding 12%.
On August 5, both A-shares and H-shares opened lower, with A-shares opening down nearly 14% and H-shares opening down nearly 15%. After the open, A-share turnover quickly expanded, reaching RMB 25.122 billion as of 09:44, with the share price down 8.22%. By 09:56, turnover exceeded RMB 30 billion, reaching RMB 30.675 billion, with the decline narrowing to 7.53%. As of 10:46, turnover reached RMB 45.242 billion, with the share price down 9.19%. In the afternoon, turnover exceeded RMB 60 billion, and the stock closed at RMB 947.74, with full-day turnover of RMB 67.511 billion, setting a record high for the stock, surpassing the previous high of RMB 59.773 billion set on July 30. On the same day, Eoptolink and Changxin Technology also saw turnover exceed RMB 30 billion each.
On August 6, A-share turnover continued to expand. As of 09:46, turnover reached RMB 10.679 billion, with the share price down 3.56%. By 10:10, turnover exceeded RMB 15 billion, reaching RMB 15.059 billion, with the decline narrowing to 1.71%. By 10:30, turnover exceeded RMB 20 billion, reaching RMB 21.421 billion, and the share price turned to a gain of 2.71%. As of 10:44, turnover reached RMB 25.551 billion, with the share price up 3.95%. By 11:14, turnover exceeded RMB 30 billion, reaching RMB 30.120 billion, with the gain easing to 1.98%. At the close, the stock stood at RMB 955.00, up 0.77%, with full-day turnover of RMB 39.767 billion and a turnover rate of 3.81%. On the same day, the block trade platform saw one transaction, with a volume of 189,900 shares, a transaction amount of RMB 183 million, at a price of RMB 961.04, a premium of 0.63% relative to the closing price.
On August 7, A-share turnover remained at elevated levels. As of 09:54, turnover reached RMB 10.370 billion, with the share price up 1.21%. By 10:22, turnover exceeded RMB 15 billion, reaching RMB 15.314 billion, with the share price up 4.06%. By 10:46, turnover exceeded RMB 20 billion, reaching RMB 20.039 billion, with the share price up 3.95%. In the afternoon, turnover continued to climb, exceeding RMB 30 billion as of 13:52, reaching RMB 30.137 billion, with the share price up 1.25%. Subsequently, turnover expanded rapidly, breaking through RMB 40 billion and RMB 45 billion, reaching RMB 46.098 billion as of 14:28, with the share price down 5.45% and a turnover rate of 4.31%. On that day, A-share turnover at one point reached RMB 50 billion, with the share price down 3.98%.