"Prophet" of Zhongtong Bus Holding (000957.SZ) surfaces and faces trading restrictions by Shenzhen Stock Exchange.

On May 21, the Shenzhen Stock Exchange issued a decision to restrict trading against investor Chen Guo. It is reported that Chen Guo made predictions about the price fluctuations of Zhongtong Bus Holding (000957.SZ) stock on May 21 in advance on an online platform, and these predictions were highly consistent with the actual stock price trend, attracting market attention. At 12:46 on May 21, 2024, Chen Guo, using the pseudonym "Guo Er Bu Hui Chao Gu" posted on the Hithink RoyalFlush Information Network platform's "Zhongtong Bus Holding stock discussion" community, stating: "I am the one pushing up the stock to limit up by 1.20". From 13:12 to 13:20, the stock price of "Zhongtong Bus Holding" quickly rose to the limit up and maintained until closing. Meanwhile, the Shenzhen Stock Exchange closely monitored the stock trading situation and immediately initiated a trading investigation after observing the relevant online information about the stock price trend on that day. In addition, Zhongtong Bus Holding announced in the evening of May 21 that the company noticed user comments on the stock forum and the stock price hitting the limit up. The company's recent production and operation conditions are normal, and there have been no significant changes in the internal and external operating environment. According to the investigation by the Shenzhen Stock Exchange, Chen Guo held 700 shares of "Zhongtong Bus Holding" before May 21. At 10:29:25 on May 21, the investor placed a sell order for 700 shares of "Zhongtong Bus Holding" at a price close to the limit up price of 11.87 yuan per share, and canceled all orders at 13:17:17 during the rapid rise of the stock. Based on the decision to restrict trading, the investor fabricated and disseminated false information, misled other investors to trade, disrupted the order of the securities market, and fell into the fifth category of key monitoring items listed in Article 6.1 of the Shenzhen Stock Exchange Trading Rules, and the circumstances were serious. In accordance with Article 6.8 of the Shenzhen Stock Exchange Trading Rules, the Shenzhen Stock Exchange decided to impose trading restrictions on Chen Guo's securities account starting from May 22, 2024, to June 5, 2024, restricting the trading of all stocks listed on the exchange in the account during this period. The original text of the decision to restrict trading is as follows: It is worth noting that, today, the "divine prophecy" reappeared when Beijing LeiKe Defense Technology was also "divinely prophesied" after Nanjing Chemical Fibre and Zhongtong Bus Holding. Some investors mentioned in the Hithink RoyalFlush Information Network stock forum that it would perform at 10:00. On that day, the company hit the limit up around 10:00. At the close, the company's stock price closed at 4.6 yuan per share, with a closing increase of 10.05%. In response to the above, a staff member of the securities department of Beijing LeiKe Defense Technology said to reporters, "The company noticed the limit up. However, the company is not aware of the rumors in the stock forum. The company's production and operation are all normal, and there have been no major changes in the fundamentals." In these events, regulatory authorities have taken rapid action recently, showing a zero-tolerance attitude towards market manipulation. Securities Times today reported that due to the precise "timely floor prophecy" and the subsequent miraculous realization, two listed companies have come under regulatory scrutiny. On May 21, the Shanghai Stock Exchange and the Shenzhen Stock Exchange announced investigations into Nanjing Chemical Fibre and Zhongtong Bus Holding, respectively. Whether this is purely coincidental or a blatant manipulation of the market remains to be determined by the exchanges. If it is the latter, and if it severely disrupts the open, fair, and just order of the market, then strict punishment must be administered.