Understanding the Market | After its listing, CIG has continued to decline, dropping over 8% this afternoon, only 10% higher than the offering price
I'm PortAI, I can summarize articles.
After going public, CIG's stock price has continued to decline, hitting a intraday low of HKD 76.45 today, which is only an increase of over 10% compared to the offering price of HKD 68.88. As of the time of writing, the stock price has dropped by 7.07%, reported at HKD 77.6, with a trading volume of HKD 89.6526 million. The third-quarter report shows that the overall performance of the optical communication sector is lackluster, as the industry is in a period of technological generational transition, leading to short-term performance fluctuations. Guosheng Securities expects the industry to enter a new growth cycle in the fourth quarter
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments