according to the relevant regulations of the exchange, if the stock price of a listed company has reached the limit of ups and downs for three consecutive days, it should be temporarily suspended for announcement. For the meaning of "three-day continuous ups and downs suspension announcement", some investors understand it as "the closing price is a three-day continuous ups and downs suspension announcement". For example, a stock said in the suspension announcement that the company's stock has reached the daily limit for three consecutive days, but only one of the three consecutive days of the stock closed at the daily limit, and the other two days only touched the daily limit, and the closing was not the daily limit. Some investors have doubts about this.
according to the regulations, judging whether a stock has reached the limit of three consecutive days is based on the price it has reached every day for three days. No matter whether it has reached the upper limit price or the lower limit price, as long as it has reached this price, it is counted as the cumulative number of times. It touches the limit price on the other two days, so it is considered as "reaching the limit for three consecutive days" and should be temporarily suspended and announced according to the regulations.
In case of any of the following circumstances, the stock exchange will determine whether it is abnormal fluctuation of stock trading according to market conditions:
(1) The price of a stock has reached the limit of increase or decrease for three consecutive trading days;
(2) A stock has been listed as "public information of stocks and funds" for five consecutive trading days;
(3) The amplitude of a stock price reaches 15% for three consecutive trading days;
(4) The average daily turnover of a stock has increased by 5% for five consecutive trading days;
(5) Other circumstances that the stock exchange or the China Securities Regulatory Commission consider as abnormal fluctuations.
the calculation of the abnormal fluctuation of the stocks identified as abnormal fluctuation under any of the circumstances mentioned in items (1) to (4) of the preceding paragraph shall be restarted from the date of announcement. When a listed company suspends trading due to holding a general meeting of shareholders and publishing regular reports, the calculation of its abnormal fluctuation will start again from the date of stock resumption.
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