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Steel vanadium purchase right soared by 18% in 15 minutes

http://www.sina.com.cn    10:28, October 15, 2008    Yangzi Evening News

Compared with the rising and falling in the morning, the hot spot of the power market continued in the afternoon. Steel Vanadium GFC1 changed with Panzhihua Iron and Steel Co., Ltd., and the intraday instantaneous increase was more than 20%, and ZTE ZXC1's increase was also extended to more than 10%. However, in the late afternoon, each warrant launched a diving competition, and only two warrants ended up rising. The transaction volume in the stock market exceeded 50 billion yuan.

Steel Vanadium GFC1 was exceptionally stable before 14:00, and had been doing narrow shocks in the 3% increase range. At about 14:15, Panzhihua Iron and Steel Group's troika had a collective change, which hit the ceiling, making Steel Vanadium GFC1 wildly sought after by funds, and its growth soared. Within 15 minutes, it rose by 18%, the highest increase was more than 21%, and the trading volume was nearly four times the level of the previous day. The sudden change of Panzhihua Iron and Steel (Group) Co., Ltd. system yesterday cannot be ruled out to be related to the new progress in the restructuring of Anshan Iron and Steel (Group) Co., Ltd. Shengao CWB1 also regained its rise of more than 7% in the afternoon, but a straight dive occurred in the last half hour, and it rose 0.23% after several iterations. In the afternoon, ZTE ZXC1 also rose against the trend. The highest intraday increase reached 10.78%, but it failed to stabilize. Finally, it could not escape the fate of closing down, with a decline of 1.90%. However, the turnover rate and turnover were doubled from yesterday. Jiangxi Copper CWB1, which led the rise in the afternoon, showed a unilateral downward trend in the afternoon, closing at the lowest price of the day, down 2.64%.

Xu Jianhua

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