Large Price Swings in Radium Group! Leading to Day Trading Chaos and Negative Impact on Kun Ying and Yao Hua

Reported about 1 year ago

FTNN News Network reported on July 9, 2024, that Taiwan's stock market saw a slight increase of 21.93 points, closing at 23,900.08 points, with a 0.09% rise. Radium (2349) has been actively transforming its business from optical discs to new industries like energy, media, panels, and culture, causing a surge in stock prices linked to solar energy. Its subsidiaries, Rui Bao (8104) and Yu De (3050), have also seen significant increases. However, Yu De's stock price, after a recent surge, plummeted, hitting the limit-down at 24.8 yuan. Heavy day trading activities have labeled it as the king of day trading chaos. Other concept stocks like Kun Ying, network stocks like Xun Zhou, and PCB manufacturer Yao Hua also faced negative impacts from day trading. Radium group's stocks experienced extreme volatility today. According to Mega International Securities statistics, there were 5 stocks with over 50% day trading volume, including Yu De (3050) at 52.29%. Radium shares were down today.

Source: YAHOO

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