Several Chinese A-share stocks saw a plunge across the year. Among them, Goldfish shares fell by more than 11%, evaporating more than 113 billion yuan in one day. The main factor for this decline was either the flight of profit taking funds from high levels.
On Jan. 11, the share price of Golden Dragonfish sank all the way down, opening with a sharp dive of over 13% in the afternoon and closing with a drop of 11.3%, with a net outflow of over 400 million yuan.
The Daily Economic News reported that for that day the stock dived sharply during the day, the stock bar netizens completely blew up. Some netizens said, “the stock price is crazy,” and investors left a message saying, “138 yuan to buy into the set to die.
Some industry insiders believe that for this decline, a combination of market factors, the main factor or profit-taking funds fled high.
The latest data shows that the number of A-shareholder households of Golden Dragonfish is as high as 195,100.
Public information shows that on October 15 last year, Golden Dragonfish listed in the Shenzhen Stock Exchange GEM. It is reported that Golden Dragonfish is one of the largest agricultural products and food processing enterprises in mainland China, whose main business is the research and development, production and sales of kitchen food, feed ingredients and oil and grease technology products.
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