Movement Alert｜DAJIN Intraday Rise 5.68% in Regular Trading, Rebound Follows Clarification of Unusual A-share Volatility and No Undisclosed Matters

Market Focus10-16

On October 16, DAJIN rose 5.68% in regular trading, trading at HK$24.26, with turnover of HK$51.58 million.

The most recent company update said its A-share stock was flagged for unusual trading volatility after the cumulative deviation in closing-price declines exceeded 20% over three trading days from October 13 to October 15. The company said operations are normal and that there is no material information that should have been disclosed but was not.

Recent pressure on the stock had been linked to market disruption from a false rumor about potential EU anti-dumping and anti-subsidy action on wind power equipment. The company had already stated that such claims were untrue, while prior market data showed heavy selling, including three-day northbound net selling of RMB33.03 million in A-shares, helping explain the sharp earlier drawdown and the current rebound.

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