According to a special report from Economic Information Daily on the 24th, Xinhua Wenxuan (00811) (Shanghai: 601811) announced that its A-share trading prices on Tuesday (22nd) and yesterday rose cumulatively by 21.33% over two consecutive trading days, exceeding the deviation threshold, which constitutes an abnormal fluctuation in stock trading.
The group stated that from last Friday (18th) to yesterday, its stock hit the daily trading limit for four consecutive trading days. From last Thursday (17th) to yesterday, the stock price surged 53.53% cumulatively. The short-term price increase has been significant, indicating potential overheating of market sentiment and risks of irrational speculation. After self-inspection and written confirmation sent to its controlling shareholder, the group confirmed that there are no significant matters that should have been disclosed but were not. The group's operations remain normal, and there have been no major adjustments in market conditions or industry policies. (wh)
The group stated that from last Friday (18th) to yesterday, its stock hit the daily trading limit for four consecutive trading days. From last Thursday (17th) to yesterday, the stock price surged 53.53% cumulatively. The short-term price increase has been significant, indicating potential overheating of market sentiment and risks of irrational speculation. After self-inspection and written confirmation sent to its controlling shareholder, the group confirmed that there are no significant matters that should have been disclosed but were not. The group's operations remain normal, and there have been no major adjustments in market conditions or industry policies. (wh)
