1. The price limit system originated from the early foreign securities market. It is a trading system that appropriately limits the price fluctuation of each stock on the same day in order to prevent the ups and downs of trading prices and curb excessive speculation. It is stipulated that the maximum fluctuation range of the trading price in a trading day is a few percent of the closing price of the previous trading day. That is, the highest price and lowest price of the day's transaction are stipulated.
Second, whether 9.97% is the daily limit depends on the situation. The so-called daily limit is the price calculated according to the closing price of the previous trading day, which is not necessarily 10%, but can be higher or lower than 10%. In other words, the official said that a stock will be suspended if it rises 10% or falls 10%, but sometimes it will be suspended if it rises 9.96% or 10.03%. This is mainly because the upper limit of China's share price is 10%, but it uses four houses and five profits. If a stock closed at 10. 16 yuan yesterday, then today's daily limit price is 1.02 yuan, which is more than 10%. If the closing price of a stock yesterday was 9.94 yuan, then the closing price of today's daily limit is 0.99 yuan, which is lower than 10%.
: If you want to buy call auction's stock, you can hang the price of the daily limit; If you want to sell, you can fill in the price limit. If you hang up the daily limit, you may not buy it at your own price. But if the price is high, the first order will definitely be sold. The same is true for sales. It may not be sold at the daily limit, but it will be sold in the first order. Because this is the regulation of the Shanghai Stock Exchange, the specific regulations are: price priority at the same time, price priority at the same time, price priority at the same time and quantity priority. Just complete the order before 9: 24. However, if it is opened at a daily limit or a daily limit, it may not be bought or sold. At the same time, the daily limit is linked with institutions. However, due to the large number of institutions, it is necessary to wait until the end of institutional transactions before it is possible to conduct retail transactions. There is time to queue between 9: 15 and 9: 25. If it is a ticket with continuous daily limit, the daily limit price should be determined in advance, which depends on the institution. Is it 9: 15 to be determined? If it is 9: 16 to be determined, it is a deal, because the price is the same and time takes priority. Pending orders before 9: 0015 are declared at 9: 0015, which has nothing to do with the business department of the exchange and depends on the matching system of the Shanghai Stock Exchange. You can buy at the daily limit, but the stock price has reached the highest point of the day. Whether the follow-up can maintain a high level of rise requires special attention from everyone. At the time of purchase, the transaction is prioritized according to time; Pay more and sell less at the daily limit. If you want to buy, you must place an order in advance.