Reported 12 months ago
Xu Ruwei | Yahoo Finance special correspondent June 30, 2024, 10:58 PM Xunzhou (3047) lit up with an upward limit move in less than half an hour after the market opened today, with about 16,000 buy orders hitting the limit. Analysts point out two major positives driving the stock price surge. Xunzhou opened at 28.70 yuan today and quickly rose to the limit of 31.35 yuan within the first half hour of trading, with a trading volume of approximately 40,000 shares and about 15,000 limit buy orders accumulated. Analysts attributed the positive momentum to Xunzhou's improved performance and strong revenue growth in April and May, along with favorable market demand in key regions like India, China, and North America.
Source: YAHOO