In the stock market, 9: 00 am15 to 9: 25 am is call auction time. In the meantime, you can bid where you want to buy and set the purchase price. From 9: 00, 15 to 25: 00 call auction time, the system sets the opening price for the purpose of maximum turnover. Assuming the opening price is 35.05, it is impossible to buy at a price lower than 35.05, because Zhuang or the main force has thousands or tens of thousands of orders at the price of 35.05, so if your order is lower than this price, it will not be concluded. Because they have the largest turnover, they can decide the opening price.
During the period of 9:25-9:30, the purchase and sale orders of 9:00- 15-9:25 will be matched, and the transaction will be made directly after the opening.
Trading in the stock market emphasizes the principles of price priority, quantity priority and time priority. Grasping these three points will help you to bid successfully in call auction stage.
Difference between issue price and opening price:
The issue price is the price when the new shares are issued and the shareholders buy them. The price is determined by the issuer according to the assets of the company and referring to the market price of similar companies in the market at the time of listing. At present, because there are many investors who subscribe for new shares, they subscribe for new shares by lottery. Lottery winners can buy them. Because the winning rate is low, and the funds you use for subscription will be frozen, the time cost of subscription is relatively high. The opening price on the day of listing is the price generated by the call auction method before the opening of the stock market on the day of listing. This price is the result of matching bidding between buyers and sellers in the market that day, which is determined by the relationship between supply and demand. The market situation is good. If this stock is sought after, there will be a lot of profit space. However, if the market environment is not good, this stock is not sought after, and the stock price may fall below the issue price. Therefore, the issuance of new shares should be cautious, depending on the market environment and your risk tolerance. Generally speaking, the higher the risk, the higher the income.