Home Business The stock price of China’s GEM company “Ningde Times” plummeted 8.3% | New Energy | Lithium Battery | Kweichow Moutai

The stock price of China’s GEM company “Ningde Times” plummeted 8.3% | New Energy | Lithium Battery | Kweichow Moutai

by news dir

[Epoch Times July 27, 2021](Epoch Times reporter Li Bing comprehensive report) On July 27, the three major A-share indexes collectively dived. Affected by the large afternoon dive of weights such as the “one brother of the ChiNext” Ningde Times, the ChiNext index fell by more than 4%. After two trading days, the total market value of A shares has evaporated by RMB 4.3 trillion.

As of the close of the 27th, the Shanghai Composite Index fell 2.49%, the Shenzhen Component Index fell 3.67%, and the ChiNext Index fell 4.11%; individual stocks in the two cities fell more and more, with more than 3100 stocks falling.

Leading the decline in the two cities was the strongest main-line new energy vehicle concept in the early market. Lithium batteries plunged in the afternoon, and more than ten stocks such as Fluoride, Oak shares, and Tianji shares fell to the limit. Yiwei Lithium fell about 13%.

As a weather vane in the new energy industry, CATL once moved higher after opening slightly higher that day. The stock price fluctuated and weakened after peaking, and the trend collapsed in the late trading session. As of the close, Ningde Times reported 495 yuan (RMB, the same below) per share, a drop of 8.3%.

As a Chinese battery manufacturer, CATL has risen from a low of 280.05 yuan per share in March to a high of 579.6 yuan per share in July.

After the opening of the market at noon on the 27th, the chairman of CATL, Zeng Yuqun, briefly surpassed Ma Yun and Ma Huateng with a net worth of US$47.7 billion, becoming China’s second-richest person, second only to the chairman of Nongfu Spring. However, the Ningde Times stock price plummeted afterwards. Forbes’ latest data showed that Zeng Yuqun ranked behind Ma Huateng and Ma Yun with a net worth of $43.9 billion.

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Before the stock price of the Ningde era rose, Kweichow Moutai, as a representative of high-end liquor, dominated the A-share market and was another important indicator of the market. As of the closing on the 27th, Kweichow Moutai reported 1712.89 yuan per share, a drop of 5.06%.

The day before yesterday, the three major A-share indexes fell collectively. Among them, Kweichow Moutai fell more than 5%, and its market value evaporated by 124.9 billion yuan.

After two trading days of adjustment, the total market value of A shares has fallen from 86 trillion yuan last Friday (23rd) to 81.7 trillion yuan, and 4.3 trillion yuan has evaporated in two trading days. If calculated based on the total closing market value of Kweichow Moutai on July 27, two trading days are equivalent to evaporating the market value of 2 Kweichow Moutai.

If calculated according to the 175 million A-share natural person investors officially reported this year, the market value of each investor has shrunk by more than 22,000 yuan.

Editor in charge: Sun Yun#

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