Shandong Molong Issues Latest Market Announcement

Deep News03-08

On March 8, Shandong Molong Petroleum Machinery Company Limited, a popular oil and gas equipment stock, announced that its closing price over three consecutive trading days (March 4, March 5, and March 6) had recorded a cumulative deviation exceeding 20%. According to the Shenzhen Stock Exchange trading rules, this constitutes an abnormal stock price fluctuation. Since March 2, 2026, the company's stock has seen its closing price rise by a cumulative deviation of 52.37% over five consecutive trading days (March 2 to March 6), indicating potential market overheating and irrational speculation risks. Currently, the company's production and operational activities remain normal. Short-term fluctuations in international crude oil prices have not yet provided any substantive positive impact on the company's performance. Investors are advised to make rational decisions, invest prudently, and be aware of risks associated with secondary market trading. As of the close on March 6, Shandong Molong's A-share rose 3.94% to 13.2 yuan per share, while its Hong Kong-listed shares fell 4.6% to 8.3 Hong Kong dollars per share.

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