In the morning of October 20, seven convertible bonds rose sharply and triggered circuit breaker, and Blue Shield convertible bonds, Shenglu convertible bonds and Yokogawa convertible bonds were triggered twice.
Source: Shenzhen Stock Exchange
Source: Shanghai Stock Exchange
A large number of convertible bonds surged higher in the session, leading to a sharp rebound in the CSI convertible bond index, once out of the market trend.
But after the resumption of trading, the fusing tide did not last. Henghe convertible bond, radio and television convertible bond, Kailong convertible bond, molding convertible bond and Wanli convertible bond rose, and Wanli convertible bond only received 4.43% increase. Shenglu convertible bonds and Blue Shield convertible bonds rose strongly, but also fell a lot before closing in the morning.
Beware of the risk of speculation
Recently, the performance of A-share market is flat, and the convertible bond market is also weak.
But on the 19th, the quantum communication plate caught fire. Among them, Blue Shield shares are particularly eye-catching. After the trading of the main stocks, the corresponding Blue Shield convertible bonds continued to soar, with a maximum increase of more than 70%. On that day, the Blue Shield convertible bonds showed signs of overheating, with the turnover rate of more than 2000%; Yokogawa convertible bonds and Shenglu convertible bonds were temporarily suspended due to an intraday rise of 20%. On the morning of the 20th, circuit breaker of several convertible bonds also rose sharply on the 19th.
On the 20th, the quantum communication plate did not continue to be strong, the trend of differentiation. But after all, the hot situation is difficult to disperse, especially for the recent lack of speculation in the convertible bond market. On the 20th, the Blue Shield convertible bond boom was more like drawing the snake out of the hole. After the popularity of the convertible bond market reappeared, all kinds of funds poured into the market to carry the sedan chair, thus staged a fuse play.
Early trading trend of quantum communication plate
In fact, from the positive stock trend and turnover rate, this fusing tide shows the risk of speculation.
By the end of the morning, the turnover rates of Blue Shield convertible bonds, Shenglu convertible bonds, Kailong convertible bonds, Yokogawa convertible bonds and Wanli convertible bonds all exceeded 1000%.
Source: Yang Qian, editor in charge of China Securities Journal_ NF4425