Shanghai-Shenzhen turnover passes 1 trillion by early afternoon on Oct 19, 20 and 21
In short
Outlets reported that combined turnover on the Shanghai and Shenzhen markets passed 1 trillion by about 13:00 on 19, 20 and 21 October, each time below the previous day's level at that hour. CLS also gave half-hour turnover and full-day projections for 19 to 22 October.
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Combined turnover on the Shanghai and Shenzhen markets passed 1 trillion in the early afternoon on 19, 20 and 21 October, according to CLS, Jiemian, 36Kr and Yicai. On 19 October, 36Kr reported it at 13:07, CLS at 13:08 and Jiemian at 13:22. The outlets differed on the shortfall against the previous day at that time: 36Kr said nearly 7 billion, Jiemian said nearly 10 billion yuan and CLS said over 10 billion. CLS projected full-day turnover above 1.5 trillion. [ 3 , 4 , 5 ]
On 20 October, 36Kr and Yicai reported turnover above 1 trillion yuan at 13:12, and Jiemian repeated it at 13:22. 36Kr and Jiemian said it was over 10 billion yuan below the previous trading day at that time. On 21 October, Jiemian and CLS reported the same 1 trillion mark, again over 10 billion below the previous day. CLS said full-day turnover was expected to be below 1.5 trillion. [ 8 , 9 , 10 , 12 , 13 ]
CLS also tracked the first half hour of trading. On 19 October it passed 470 billion, over 10 billion less than the day before, with a full-day projection above 1.4 trillion. On 20 October it passed 440 billion, nearly 40 billion lower, with a projection above 1.3 trillion. On 21 October it passed 500 billion, over 40 billion higher, with a projection above 1.5 trillion. On 22 October it passed 450 billion, nearly 50 billion lower, with a projection below 1.4 trillion. Jiemian said turnover passed 500 billion yuan by 10:22 on both 19 and 20 October. [ 1 , 2 , 6 , 7 , 11 , 14 ]
Why it matters
The documents are short market-watch items and give no cause or wider consequence. They show turnover running slightly below the prior day at midday on three straight days, with CLS projecting full-day totals of 1.3 to 1.5 trillion.
Key facts
- On 19 October, CLS said turnover on the Shanghai and Shenzhen markets passed 470 billion in the first half hour, over 10 billion less than the previous day at that time. [ 1 ]
- On 19 October, turnover passed 1 trillion in the early afternoon, according to 36Kr, CLS and Jiemian, each reporting it as below the previous day at that time. [ 3 , 4 , 5 ]
- On 20 October, 36Kr, Yicai and Jiemian reported turnover passing 1 trillion yuan around 13:12 to 13:22. [ 8 , 9 , 10 ]
- On 20 October, CLS said half-hour turnover passed 440 billion, down nearly 40 billion from the previous day, and projected a full-day total above 1.3 trillion. [ 6 ]
- On 21 October, CLS said half-hour turnover passed 500 billion, up over 40 billion from the previous day, and projected a full-day total above 1.5 trillion. [ 11 ]
- On 21 October, Jiemian and CLS reported turnover passing 1 trillion in the afternoon, over 10 billion below the previous day at that time; CLS then projected a full-day total below 1.5 trillion. [ 12 , 13 ]
- On 22 October, CLS said half-hour turnover passed 450 billion, down nearly 50 billion from the previous day, and projected a full-day total below 1.4 trillion. [ 14 ]
Confirmed by several sources
- Turnover on the Shanghai and Shenzhen markets passed 1 trillion in the early afternoon of 19 October and was below the previous day's level at that time. [ 3 , 4 , 5 ]
- Turnover passed 1 trillion yuan in the early afternoon of 20 October, with 36Kr and Jiemian putting the shortfall against the previous trading day at over 10 billion yuan. [ 8 , 9 , 10 ]
- Turnover passed 1 trillion in the early afternoon of 21 October, over 10 billion below the previous day at that time. [ 12 , 13 ]
Still unclear
- How far 19 October midday turnover was below the previous day's. 36Kr said nearly 7 billion, Jiemian said nearly 10 billion yuan and CLS said over 10 billion.
- Final full-day turnover for 19 to 22 October. The documents give only CLS projections, not closing totals.
- Why turnover moved as it did. None of the documents gives a cause.
What local media are saying
Timeline, local time
- 19 October: CLS reported half-hour turnover above 470 billion and projected over 1.4 trillion for the day. [ 1 ]
- 19 October: Jiemian reported turnover above 500 billion yuan, over 10 billion yuan below the previous day. [ 2 ]
- 19 October: CLS reported turnover above 1 trillion and projected over 1.5 trillion for the day. [ 4 ]
- 20 October: CLS reported half-hour turnover above 440 billion and projected over 1.3 trillion for the day. [ 6 ]
- 20 October: 36Kr and Yicai reported turnover above 1 trillion yuan. [ 8 , 9 ]
- 21 October: CLS reported half-hour turnover above 500 billion, up over 40 billion, and projected over 1.5 trillion. [ 11 ]
- 21 October: CLS reported turnover above 1 trillion and projected below 1.5 trillion for the day. [ 13 ]
- 22 October: CLS reported half-hour turnover above 450 billion and projected below 1.4 trillion for the day. [ 14 ]