Reported about 1 year ago
Shunde (2351) opened on June 11, 2024, with initial price fluctuations but quickly rose due to strong support from major players, hitting the daily limit up in just 45 minutes and closing at 163.5 yuan, up 14.5 yuan with a high trading volume of 9,217 shares, successfully holding above various moving averages. Despite selling pressure from foreign investors in the past few days, trust and proprietary traders have been buying, forming a positive atmosphere, with the three major institutional investors holding a 22.91% stake. The KD indicator is in the overbought zone trending upwards with a high buy queue and no sell orders, indicating a potential favorable price trend. The company reported a May consolidated revenue of 929 million yuan, down 2.17% annually, and a cumulative revenue of 4.23 billion yuan in the first five months, down 7.38% annually. In other news, the Energy Minister's clear policies can drive the industry's necessary electricity production, and Kin Chyu is set to achieve Q4 profits by focusing on 5G private networks and smart factories.
Source: YAHOO