Popular Stock - Emperor Boa Upheld by Foreign and Domestic Capital to Stand Firmly on Moving Averages

Reported 7 months ago

Emperor Boa (6605) saw its stock price open high on June 12, 2024, driven by foreign and proprietary traders' strong buying, eventually closing at 242 yuan with a 7.56% increase and a trading volume of 2,848 shares, successfully surpassing various moving averages. The consecutive buying of foreign and proprietary traders propelled the stock price up, with the exception of zero transactions from institutional investors. Despite the KD indicator trending upwards in the mid-high range, if foreign capital continues to dominate the buying side, it will likely benefit the stock price movement for the week. The company's self-reported consolidated revenue for May reached 1.717 billion yuan, a year-on-year increase of 5.95%, and a total of 8.159 billion yuan for the first five months, a year-on-year increase of 8.28%.

Source: YAHOO

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