Huafang Textile Was Challenged Insider Trading, Stock Price Volatility

Questioned by insider trading, Huafang textile (600273, stock bar) (600273) after the continuous trading, the stock price ushered in a big fluctuation.

August 7th

According to the announcement, according to the master plan of Zhangjiagang (2011 -2030), part of the land of the company may be bought and sold by the government.

It is worth noting that, on the day before the announcement, Huafang textile industry has been trading for three consecutive days, and the market has therefore questioned its alleged insider trading.

Affected by this, the price of Huafang textile was opened only two minutes yesterday, and then it was suspended. Until a huge sum of money was paid at 11:13, the share price rose rapidly from the limit. The single paction reached 53 million 490 thousand yuan, and the limit plate was pulled straight up after being opened. The highest increase was 7.55%.

At the close, the stock narrowed to 3.07%.

Statistics show that in August 3rd, Ningbo and Shanghai's hot money together bought 9 million 20 thousand yuan ahead of schedule.

In fact, this is not the first time that Huafang textile has been questioned.

As early as the middle of July, hot money was settled in advance, and Huafang textile shares suddenly closed for four consecutive trading days, breaking the low level of stock prices.

Since then, the company has announced that it does not exclude Future Ltd from having a new strategic management plan.

Huafang textile secretaries Zhao Jiangbo responded in an interview with the media that the date of government publicity is one thing. On the day the staff arrived, the company had already made a public announcement according to the circumstances. Moreover, the government publicized the town of Tong Qiao, which is not necessarily related to Huafang textile.

Although the company's doubts about the market have been denied, the continuous stock price movements have to be linked, and the signs of advance intervention before the announcement can not find a reasonable explanation.

Despite repeated emphasis on "zero tolerance" for insider trading, the Commission has repeatedly banned illegal practices.

Some analysts pointed out that in the current A share market, there is an endless stream of speculation about concepts and topics. The emergence of a company's information often leads to the rush of funds, and the role of information disclosure is self-evident.

The lag of some listed companies often leads to great losses to investors. What's more, the insider trading is delayed by information delay, and its behavior is not allowed by the capital market.