Text/Liu Zhentao
The "loom" that has been trading sideways for half a year in A shares - Xingguang Agricultural Machinery has fallen sharply!
At the opening of the market on January 19, Xingguang Agricultural Machinery continued to decline, falling more than 9% intraday, and the stock price hit a new low of 10.53 yuan / share in 6 years.
As of the press release, Xingguang Agricultural Machinery fell 8.18%, the latest stock price was 10.67 yuan / share, and the latest total market value was 2.774 billion yuan.
The K-line chart shows that the stock price of Xingguang Agricultural Machinery has fallen sharply for 2 consecutive days, with a cumulative decline of 15.73%. Before the big fall, from June 30, 2021 to January 17, 2022, for half a year, the stock price of Xingguang Agricultural Machinery was sideways, and the stock price fell by only 4 cents in half a year.
The daily tick line is even more bizarre, fluctuating up and down around the 1 cent spread throughout the day. This strange trend has led market investors to call it "A-share loom".
However, the sharp decline in the past two days has attracted the attention of investors. In the scale Starlight Agricultural Machinery shareholder group, some investors said, "I dizzy, yesterday 11.60 rushed in, thought to copy the bottom, who knows copied on the top of the mountain." Some investors said, "This time do not weave it, directly dig the subway, let you see whether the weaving is good or the killing is more terrible"
Some investors even said, "The big fall in these two days is comparable to the waterfall killing of Hong Kong stocks!" ”
It is understood that because there is no limit on the rise and fall of Hong Kong stocks, there will often be some stocks with poor liquidity that fall by dozens of points on the day, due to the long big yin line, like a waterfall drooping, so it is called "waterfall killing" phenomenon.
For example, recently, the Hong Kong-listed Yiwei Group had a flash crash on January 11, a sharp drop of 83.62%; Huasheng International Holdings had a flash crash in two days from January 5 to 6, a sharp drop of 96%.
And the starlight agricultural machinery fell sharply in two days, and the long yin line was also a bit like a waterfall hanging.
According to the data, Xingguang Agricultural Machinery is a company engaged in the research and development, production and sales of agricultural machinery and equipment. The main products include combine harvesters, balers, tractors, rotary cultivators and so on.
In 2020, the net profit loss of Xingguang Agricultural Machinery was 277 million yuan; in the first three quarters of 2021, the net profit loss was 72.4569 million yuan.
On April 27, 2015, Xingguang Agricultural Machinery was listed on the Shanghai Stock Exchange. One month after the listing, the stock price reached a historical peak of 82.65 yuan / share (before the compound price), and the total market value once reached 21.4 billion yuan. After that, however, the stock price began to fall, and no history was made later.
The sudden sharp decline of Xingguang Agricultural Machinery, many investors in the investment interactive platform to ask questions.
On January 18, an investor asked, "Is your company's stock price going to thunder when it plummets?" ”
Xingguang Agricultural Machinery said, "The company's current production and operation are normal, there is no undisclosed news that should be disclosed, and no events that may have a greater impact on the company's stock price have been found." ”
It is understood that there are many stocks in the market that have been sideways for a long time and suddenly rose sharply or fell sharply, and most of these stocks are stocks with small market value, especially those that have suddenly fallen sharply for a long time.
Why is this happening?
According to market financial media reports, there are many reasons for the long-term decline in the sideways:
First, some stocks are long-term sideways due to the company's poor performance, no market investors' attention, in the market environment is relatively stable environment, tepid to maintain a sideways trend, but once the market environment is problematic, it will attend the phenomenon of a big fall;
Second, it is not excluded that some bookmakers sit on the bank, wash the tray and suck the chips in the early sideways stage, if the sideways plate for a period of time, can not reach the expected effect of the dealer, may smash the plate in advance, to suck the chips or wash the disk;
Third, individual stocks that have been sideways for a long time suddenly have major bearish news.
From the current situation, Xingguang Agricultural Machinery has not had major negative news, whether it is a zhuang stock, it is difficult to judge, the specific reasons remain to be understood.
What do you think about the sudden flash crash of Starlight Agricultural Machinery for a long time? Welcome to leave a message below!