On June 11, Guoxia Tech rose 7.4% in regular trading, trading at 19.53 HKD/share, with trading volume of 71.32 million HKD.
On the news front, the stock staged a technical rebound after plunging to a record low of 17.36 HKD in the previous session. Since announcing on May 22 a 200 million yuan commitment to co-establish the 5 billion yuan Kaibo Chuangchuang industrial fund (first tranche of 1.6 billion yuan) targeting the new energy battery supply chain, market participants have remained divided over the company's assumption of substantial capital commitments under its asset-light business model. The stock had corrected from 25.3 HKD, breaking below its prior 52-week low, before today's rebound. Notably, the rebound came against broad sector weakness, with Dongfang Electric down 7.7%, Shanghai Electric down 4.11%, Dajin down 3.75%, Goldwind down 1.62%, and Harbin Electric down 1.27%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments