There is no price limit for convertible bonds after listing, but there is a temporary suspension system, that is, if the intraday trading price rises or falls by 20% or more for the first time compared with the previous closing price, the temporary suspension time is 30 minutes; If the price rises or falls by 30% or more, the company will temporarily suspend trading until 14:57 and 14:57, and then directly enter the late call auction.
That is to say, if the investor wins the lottery for convertible bonds 1 000 yuan, the income may be between 200 yuan and 300 yuan if there is a premium on the listing application date; And if it is discounted after listing, it may also lose about 20%.
After listing, investors can judge the trend of convertible bonds according to the trend of stock price. Generally, when the stock price rises, many people will turn to convertible bonds if they dare not buy them, so the price of convertible bonds may also rise and they can hold shares firmly; Otherwise, sell it.
Extended data:
New debt refers to convertible bonds, which can be traded on the day of listing after the lottery. The probability of new bonds rising on the first day of listing is high, with an average increase of about 10%-30%. Generally speaking, it is better to sell at 9:30~ 10:00 on the day of listing, which is also a relatively high income.
However, we should also pay attention to the risk of breaking new bonds on the first day of listing, that is, the price after listing is lower than the issue price 100 yuan, such as the expansion of convertible bonds, the cash withdrawal of major shareholders, and the adjustment of A-share market.
Then after this happens, if investors are not optimistic, they can continue to sell. The decline of convertible bonds is usually less than the increase, and the decline will generally not exceed 10%.
If investors are optimistic, they can choose to keep holding and then choose to sell at a high point. In layman's terms, it is to choose to convert into shares of listed companies when the stock price is higher than the conversion price, or to sell after the price of convertible bonds rebounds.
What needs to be noted is that although the capital occupied is not much, basically between 1000~3000, its liquidity is relatively poor. From subscription to listing, money has been frozen, usually for ten days to one month.
New debt subscription method:
Subscribing for newly issued convertible bonds is also called new bonds. The operation of new bonds is similar to buying convertible bonds. It is also operated through stock accounts. Investors find the intended bonds in the new debt sector, enter the code, price and quantity of the convertible bonds, and finally confirm.
However, after the new debt is purchased, you need to wait for the lottery, and then pay after winning the lottery. After the successful subscription of new bonds, you need to wait for the listing of new bonds before trading, and the listing time will generally be within one month.
In addition, the number of new bonds purchased has nothing to do with the market value of the account, so in order to improve the winning rate of new bonds, the top-level subscription is usually chosen, and the final winning result is generally at most 1-3 lots, that is, 1000 to 3000 yuan bonds.