Category: Money tips Release Date: 2006-04-13
"Trading rules" of Article 5.4.1 and Article 5.4.2 to do a routine securities transaction information corresponding to the provisions of Article 5.4.1 the last reading will be introduced, this time to continue reading Article 5.4.2 Introduction .
1, abnormal fluctuations in transaction information disclosure is the old "Trading Rules" does not have the content, which is characterized by taking three consecutive days to assess the situation of the transaction, once the closing price or volume reaches a certain level, it will trigger the abnormal fluctuation of the transaction information Disclosure.
2, abnormal fluctuations in the transaction public information content: the new "trading rules" require the greatest amount of buying and selling five members of sales department, sales department members were announced on the name and volume.
Third, the Securities and Exchange scope of public information: For a price decline limit up stocks and closed-end funds, in line with Article 5.4.2 of one of the three indicators of value, unusual fluctuations in transactions subject to disclosure public information. So for bonds, bond buy-back as well as the warrants do not need to calculate abnormal fluctuations; prices have gone up for the decline in non-restricted stock, closed-end funds, and need not unusual fluctuations in the calculation.
4, three metrics, in fact, two indicators: three consecutive trading days closing price inflation decreases in the cumulative deviation from the value of three consecutive trading days both turnover and the first five trading days of average daily turnover of the ratio, because the common stock and * ST shares calculated three-day closing price of the cumulative deviation from the standard are different, so "Three-day closing price of the cumulative deviation" has been subject to special treatment of the stock is further subdivided into two indicators.
Indicators: closing prices have gone up on the 3rd deviation decrease in the accumulated value, the index value reaches ± 20% of all stock or fund into unusual fluctuations.
* ST for the ST shares or stocks, as long as the index value of 15% or abnormal fluctuations should be included.
Indicators 2: Continuous three trading days both turnover and the first five trading days of average daily turnover ratio, the index has reached 30 times, while three consecutive trading days to reach 20% of the aggregate turnover of all stock or funds into the abnormal fluctuation range.
(This column by the Shanghai Stock Exchange, Investor Education Center, special publication)
