On Monday, chemical stocks set off a trend of daily limit. Recently, the leader Luxi Chemical (17.84 -9.99%) once again reached the daily limit. The increase since April has reached about 37%, which is a very rapid performance.
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Today... However, data from the Dragon and Tiger List show that Luxi Chemical became the stock with the largest net sales amount by institutions on Monday. Institutions occupied four of the top five selling positions, selling a total of 427 million yuan.
Tonight, Luxi Chemical and many other listed companies also disclosed their first quarterly reports this year.
The stock's huge trading volume in the past few days is only about a week away from the end of the first quarter. We can get some clues from the institutional holdings in the first quarter report.
Luxi Chemical was sold to four institutions for 427 million yuan. Xinhua News Agency reported on April 5 that Yancheng, Jiangsu Province will completely close the Xiangshui Chemical Industry Park. The industrial park is an important chemical industry base in Jiangsu. At the same time, various regions are also renovating the chemical industry.
Affected by the expected increase in chemical product prices, chemical stocks collectively staged a daily limit surge on Monday.
Boosted by the boost, Luxi Chemical continued to open at the daily limit on Monday and remained strong throughout the day. As of 3 p.m., the stock rose 9.99% and closed at 19.82 yuan.
The turnover rate of Luxi Chemical on Monday was 11.53%, the amplitude was 2.22%, and the transaction volume reached 3.341 billion yuan.
Luxi Chemical's recent trend has been relatively rapid, with three daily limits in five days, on April 1, April 4 and April 8.
From the beginning of April to now, Luxi Chemical has risen from around 14 or 15 yuan to 19.82 yuan, an increase of 37.26%.
How can such an increase not make institutions excited and start thinking about taking profits? Sure enough, the public trading information of the Shenzhen Stock Exchange on April 8, 2019 showed that Luxi Chemical Industry was one of the securities with an increase deviation of 7% on that day.
The closing price increase in the three trading days deviated by a cumulative 20% and was listed on the Dragon and Tiger list.
According to data from the Dragon and Tiger List, Luxi Chemical ranked among the top five companies with the largest sales amount on Monday, with a total sales amount of 564 million yuan.
The stock was mainly sold by institutions. Four institutional seats sold Luxi Chemical for a total of 427 million yuan, accounting for 12.79% of the total transaction ratio.
Among them, the sales amount of institutions selling first and second seats reached 178 million yuan and 130 million yuan respectively; if roughly estimated based on Monday's closing price, the sales volume reached 9.0048 million shares and 6.5576 million shares respectively.
Luxi Chemical became the stock with the most net selling by institutions on Monday.
Just last Thursday, April 4, Luxi Chemical also hit the daily limit.
It can be seen from the data on the after-hours dragon and tiger list that the sale of one seat was exclusively for Shenzhen-Hong Kong Stock Connect, that is, funds from the north, and the total sold was 121 million yuan, accounting for 4.07% of the total transaction ratio.
The first quarter report disclosed that these institutions were taking profits for reference.