17 consecutive fusions! The highest jump of 170percent convertible bond market continues to be hot

category:Finance
 17 consecutive fusions! The highest jump of 170percent convertible bond market continues to be hot


Although gem has 20% of the rise and fall, but convertible bonds are more fierce, convertible bonds without limit limit, t + 0 trading, but there is no trading threshold, as long as there is a stock account can participate!

Convertible bonds: a new trend

In recent days, the convertible bond market has continued to be hot. Today, there are more than 10 temporary stops and 4 secondary temporary stops. The two major exchanges issued a total of 17 convertible bond circuit breaker announcements

By the end of the day, Shenglu convertible bonds rose by more than 32%, hengsu convertible bonds by 27%, and Blue Shield convertible bonds by more than 13%.

Blue Shield convertible bonds over 10 billion

On October 16, the Political Bureau of the CPC Central Committee held its 24th collective study on the research and application prospects of quantum technology, which triggered a collective rise in quantum communication concept stocks, Xinhua reported. Among them, Blue Shield shares and convertible bonds rose continuously. On the evening of the 19th, Blue Shield announced that Ke Zongqing and Ke Zonggui, the controlling shareholders of the company and some subsidiaries, had been listed in the list of persons to be executed for breach of trust. Investors are requested to invest rationally and pay attention to risks.

On the 19th, the main shares of Blue Shield stock one word limit, and failed to get on board Blue Shield shares of the capital, then turned to its convertible bonds.

At 10:00 on the same day, the trading of Blue Shield convertible bonds resumed, and the increase continued to expand to nearly 30%, temporarily returning to stable. In the afternoon, the increase expanded again, as it touched the 30% fuse line, which led to the second move of Shenzhen Stock Exchange, and the trading of Blue Shield convertible bonds was suspended for another half an hour.

After two fusions, the rise is no longer limited. The Blue Shield convertible bond took the opportunity to expand the results, with the highest transaction price rising by 74%. It broke through the 300 yuan mark for the first time since it was listed, and closed up 64.1% to 283 yuan, setting a new closing record.

On the 20th, that is, today, funds continue to speculate in Blue Shield convertible bonds. By the end of the day, the Blue Shield convertible bonds were temporarily suspended for two times, with an intraday maximum of 65%, and a surge of 170% in two trading days. At the end of the day, the increase dropped a lot, only 12.72% and the turnover reached 12.5 billion. If you buy Blue Shield convertible bonds at the highest point, you can lose 30% at the end of the day!

In terms of Blue Shield shares, it rose to 7.98 yuan in the early trading, with an increase of more than 14%. As of the end of the day, it only rose 1.72%. If the investors buy at the highest point, they will lose 10%!

Be careful of these risks

Market participants believe that yesterdays Blue Shield convertible bond rose 64% to make money, all kinds of funds have turned to convertible bonds, which has triggered the phenomenon of convertible bond mania. At the same time, market participants remind investors that the convertible bond market is a T + 0 transaction, and it is easy for individual bonds to rise and fall in a single day. Investors should be careful of the risks involved and should not blindly follow suit.

According to market analysts, under t + 1, turnover rate can only reach 100% in theory, but t + 0, turnover rate can be unlimited. The turnover rate in front of todays convertible bond ranking is more than 1000%. Maybe in fact, hundreds of millions of funds are in it.

Wind data shows that the turnover of Blue Shield convertible bonds and Wanli convertible bonds is as high as 2000%, and that of Yokogawa convertible bonds is over 1500%

From the closing data point of view, this fusing tide shows the risk of speculation.

For example, Shenglu convertible bonds, the highest in the trading session, is 415 yuan, and the closing price is 336 yuan. The highest buying price may lose nearly 20%.

Lily convertible bonds, up to 312 yuan, closed down to 240.49 yuan, people who buy at the high may lose 22%.

Yokogawa convertible bonds, up to 603.9 yuan, closed at 468 yuan, people who buy at the high point may lose 22%

Convertible bond itself is a kind of bond, but it has the function of converting into stock, so it has both the security of bond and the high yield of stock. It is a convertible bond issued by listed companies. As a bond, it has the right to receive fixed annual interest at maturity. When converted into shares, they enjoy the same rights as shareholders. Convertible bonds are characterized by: 1. T + 0 trading, which can be bought and sold on the same day; 2. Similar to bonds, there is no limit on the rise and fall; 3. There is an additional source of income than ordinary bonds: it can be exchanged for stocks to earn the gains of stock gains; 4. Bull market, a bear market, can be held as a bond, which is defensive; a bull market can be converted into a stock sale, offensive Strong. Source: Zhong Qiming, editor in charge of China fund daily_ NF5619

Convertible bond itself is a kind of bond, but it has the function of converting into stock, so it has both the security of bond and the high yield of stock. It is a convertible bond issued by listed companies.

As a bond, it has the right to receive fixed annual interest at maturity. When converted into shares, they enjoy the same rights as shareholders.

The characteristics of convertible bonds are as follows:

1. T + 0 trading can be bought on the same day and sold on the same day;

2. Like bonds, there is no price limit;

3. Compared with ordinary bonds, it has a source of income: it can be converted into stocks and sold to earn stock gains;

4. Bull bear take it all - bear market can be held as a bond, which is defensive; a bull market can be turned into a stock market and is aggressive.