The follow-up to the late-end limit of the stock price of Industrial Bank (601166) is coming.
On December 29, 2023, in the final call auction stage, the share price of Industrial Bank rose in a straight line, with a trading volume of 216 million yuan, and rose 9.97% as of the close, which triggered heated discussions in the investment circle.
(Screenshot from Straight Flush iFinD Quotes)
In response to this matter, the "Explanation on Stock Price Fluctuations" issued by IB on the same day stated that "after self-examination and verification, the company's business situation is normal, there have been no major changes in the internal and external business environment, and there are no major matters that should be disclosed but have not been disclosed." ”
On the evening of January 6, 2024, the Shanghai Stock Exchange issued a notice stating that in the closing call auction stage on December 29, 2023, the securities account under the name of Fujian Port Group Co., Ltd. declared the transaction in large sums at a price that significantly deviated from the latest transaction price of the stock in the process of trading Industrial Bank, which constituted an abnormal trading behavior of pulling up the stock price during the closing call auction stage.
From January 2, 2024, the Shanghai Stock Exchange has taken urgent regulatory measures to suspend the trading of securities accounts under the names of relevant investors in accordance with regulations.
According to the circular, the above-mentioned abnormal trading behaviors seriously disrupted the normal trading order of the market, and the violations were serious. After the review of the Disciplinary Committee of the Shanghai Stock Exchange, it was decided to publicly reprimand Fujian Port Group Co., Ltd. and impose a disciplinary punishment on the securities accounts under the name of Fujian Port Group Co., Ltd. and its four subsidiaries for 6 months. The above-mentioned disciplinary decision shall be recorded in the integrity file of the securities and futures market.
At the same time, the Shanghai Stock Exchange ordered Fujian Port Group to make a public explanation, and conducted a regulatory interview with it, requiring relevant entities to submit a letter of commitment for compliance transactions. The Shanghai Stock Exchange said that it will adhere to the main responsibility and main business of supervision, strengthen the supervision of abnormal transactions, continue to maintain a high-pressure posture against illegal trading behaviors that disrupt market order, and effectively maintain trading order.
On the evening of January 6, the Shanghai Stock Exchange also issued the "Decision on Disciplinary Punishment of Fujian Port Group Co., Ltd. and its Related Subsidiaries".
The decision on the disciplinary punishment shows that on December 29, 2023, the stock price of "Industrial Bank" was stable intraday. In the closing call auction stage, the securities account under the name of Fujian Port Group declared 31 purchases of the stock at the price limit, with a total of 18.1351 million shares, and 13.3067 million shares were traded, with an amount of 215.7018 million yuan, accounting for 99.99% of the total trading volume of the stock during the closing call auction, and the stock price was raised by 9.70%.
The Shanghai Stock Exchange said that it will adhere to the main responsibility and main business of supervision, strengthen the supervision of abnormal transactions, continue to maintain a high-pressure posture against illegal trading behaviors that disrupt market order, and effectively maintain trading order. At the same time, investors are once again reminded to participate in transactions in compliance and prudence.
Source: Financial Times client
Reporter: Yang Yi and Zhang Bingjie
Editor: Duan Jiaxi
Email: [email protected]