In the financial market, everyone is no stranger to the "daily limit". As a distinctive sector of the securities market, many investors will notice it, and many people will pay attention to the restrictions on the daily limit of GEM stocks and the significance of setting it. If you want to know the answer to this question, let's find out.

Growth Enterprise Market stock daily limit

China, Shanghai and Shenzhen stock exchanges implement a 1% increase limit. Since December 16, 1996, Shanghai and Shenzhen stock exchanges have imposed price limit on the trading of listed stocks (including A and B shares) and fund securities respectively, that is, the trading price of the above securities shall not exceed 1% relative to the closing price of the previous trading day except the securities listed on the first day. The calculation formula is: the closing price of the last trading day × (1 1%), and the calculation result is rounded to .1 yuan, which exceeds the price limit. The entrustment is invalid and the exchange will automatically cancel the order.

the highest price limit for the stock price to rise to this limit is the daily limit, and similarly, the lowest price limit for the stock price to fall to this limit is the daily limit. Price limit refers to the range of fluctuation of the stock exchange's daily trading price on the basis of the closing price of the previous trading day in order to curb excessive speculation and prevent excessive ups and downs in the market.