A Turnover, Float, and Recent Top-Trader-List Stock Screen

Summary

This Chinese stock-screening post describes selecting shares with turnover between 3% and 12%, a circulating share count no greater than 5.5 billion, and an appearance on the previous day’s public top-trader list. It explains the list as a disclosure associated with unusually high trading activity or price deviations, and treats inclusion as a possible clue to institutional activity. The post’s final stated screen also requires circulating market value above 10 billion yuan, a condition absent from its initial summary of the rules.

The author cautions that a prior-day listing may reflect short-lived trading and does not establish lasting investment quality. The screen omits company fundamentals, so selection reliability is uncertain. Suggested refinements include checking net fund flows and fundamental measures, and applying a stop-loss. The post supplies indicator and Python examples but no backtest, performance evidence, or validation; some criteria differ across the description and examples.

Key ideas

• The screen combines a 3%–12% turnover band with a cap on circulating shares and a previous-day top-trader-list appearance.
• The final stated rules additionally require circulating market value above 10 billion yuan.
• A public trading list may indicate concentrated activity but does not prove durable institutional support.
• The post recommends adding fundamental and fund-flow filters, while providing no backtest evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.