Multiple A-share stocks with 'dragon' or 'phoenix' in their names rise, with several 'dragon-themed' concept stocks surging consecutively
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Tianlong Co., Ltd., which had previously achieved 10 consecutive limit-ups, opened with a limit-up on the 8th but then plummeted sharply. By the close, its stock price hit the limit-down, settling at 39.23 yuan with a turnover rate exceeding 28%. Next year is the Year of the Dragon in the lunar calendar, and as part of the year-end market trends, the market often speculates on zodiac-themed stocks before the new year.
Several 'dragon-themed' concept stocks remained active. By the close, Tianlong Group rose nearly 13%, with cumulative gains exceeding 60% this month. Other stocks like Tailong Pharmaceutical, Longxi Co., Ltd., Tenglong Co., Ltd., Longyu Co., Ltd., Longyun Co., Ltd., and Fenglong Co., Ltd. also hit the limit-up. The first 'dragon-themed' stock to rise was Shenglong Co., Ltd. From September 28 to October 25, Shenglong Co., Ltd. achieved 14 consecutive limit-ups, but its stock price has recently started to decline, with a peak increase of over 250%. On the 8th, it closed up 3.53% with a turnover rate exceeding 20%.
After Shenglong Co., Ltd. gained popularity, the market began to follow the 'dragon' concept, with Tianlong Co., Ltd. securing 10 consecutive limit-ups. Due to irrational price surges, Tianlong Co., Ltd. issued a risk warning, stating that its revenue scale is relatively small and profitability is limited.
Multiple stocks with 'dragon' in their names were simultaneously hyped, with many achieving consecutive limit-ups. Data shows that from October 1 to the close of November 8, 86 A-share listed companies with 'dragon' in their names saw 78 of them rise. Apart from Tianlong Co., Ltd.'s 10 consecutive limit-ups, Longyun Co., Ltd. and Longxi Co., Ltd. also achieved four consecutive limit-ups. During this period, the top gainers among 'dragon-themed' stocks were Shenglong Co., Ltd., Tianlong Co., Ltd., and Tianlong Group, with increases exceeding 100%. Nine other stocks rose by over 50%. These 'dragon' stocks belong to various industry sectors with little correlation, spanning materials, media, auto parts, and more.
Recently, the hype around 'dragon-themed' stocks seems to be spreading further, with 'phoenix-themed' stocks in the A-share market also rising collectively. On the 8th, Fenghuang Co., Ltd., Fenghuang Shipping, Fenghuang Media, Shanghai Fenghuang, and Fenghuang Optics all hit the limit-up.
Data reveals that among the top five buyers of 'dragon' stocks on the recent Dragon and Tiger List, retail investor hubs like CITIC Securities Xi'an Zhuque Street and 'Lhasa Group' were prominent.
Yang Delong, Chief Economist of Qianhai Kaiyuan Fund, noted that the recent zodiac-themed market speculation lacks substantive positive drivers and has weak logical foundations. He advised investors to be cautious of risks, warning of potential sharp declines in related stocks after the hype subsides.