Let me introduce some relevant trading rules to you first:
1, refer to the stock trading rules:
Under any of the following circumstances, there is no limit on the price increase or decrease on the first trading day:
(1) Initial public offering of listed stocks and closed-end funds;
(2) Issuing listed stocks;
(3) Stocks that resume trading after suspension of listing;
2. According to the temporary suspension system on the first day of stock listing, the Shanghai Stock Exchange and Shenzhen Stock Exchange are slightly different. The following are some rules of Shenzhen Stock Exchange:
1. In case of any of the following circumstances on the first day of listing, the Exchange may temporarily suspend trading:
(1) If the intraday transaction price rises or falls by 10% for the first time compared with the opening price of the day, the temporary suspension time is 1 hour;
(2) If the intraday transaction price rises or falls by 20% or more for the first time compared with the opening price of the day, the trading will be temporarily suspended to14: 57;
(3) If the turnover rate reaches or exceeds 50% in a day, the temporary suspension time is 1 hour.
The specific time of temporary suspension in intraday trading shall be subject to the announcement of this exchange. If the temporary suspension time exceeds 14: 57, the Exchange will resume trading on 14: 57 after accepting the declaration, and then close call auction.
During the temporary suspension, investors can declare or cancel the declaration.
Two, after the suspension of listing, the first day of resumption of listing, such as the implementation of the intraday temporary suspension of shares without price limit, with reference to the provisions of the preceding article.
After reading the above, you should be able to understand the reason why 000863 Sanxiang shares were temporarily suspended twice this morning.
Good luck!