Did you find the reason why the share price of Tianrui Cement plummeted 99%?

2024-04-10 16:05:08

The price of Tianrui Cement plummeted because of the thunderstorm of Ping An Trust, the liquidation of securities firms, the selling of Tianrui shares, and the poor liquidity of the Hong Kong stock market, which led to no one taking over for a short time, and the price continued to fall. According to the analysis, Tianrui's share price should rise later.

On April 9, when China Tianrui Cement was in shock, its share price suddenly "dived" at the end of the day, eventually plunging 99.04% to HK $0.048. The total market value evaporated by more than HK $14 billion, leaving only HK $141 million.

It is reported that the share price of Tianrui Cement plummeted because of the thunderstorm of Ping An Trust, the liquidation of securities firms, the selling of Tianrui shares, and the poor liquidity of the Hong Kong stock market, which led to no one taking over for a short time, and the price continued to fall. Analysts say Tianrui's share price should rise later.

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Did you find the reason why the share price of Tianrui Cement plummeted 99%?

The price of Tianrui Cement plummeted because of the thunderstorm of Ping An Trust, the liquidation of securities firms, the selling of Tianrui shares, and the poor liquidity of the Hong Kong stock market, which led to no one taking over for a short time, and the price continued to fall. According to the analysis, Tianrui's share price should rise later.

2024-04-10 16:05:08

CEMPI

102.72

+0.2 +0.2%

CONCPI

86.76

+0.11 +0.13%

CLKPI

106.22

+0.35 +0.33%

SPPI

42.11

+0.13 +0.31%

MORPI

71.86

+0.03 +0.04%

Including 14 cement enterprises, Jiangsu Province issued a list of key units in the carbon emissions trading market in 2027.

Recently, the Department of Ecology and Environment of Jiangsu Province announced the list of key emission units in the national carbon emission trading market in Jiangsu Province in 2027. A total of 262 subjects were included in the control, of which 14 were selected from the cement sub-industry, distributed in Nanjing, Wuxi, Xuzhou, Changzhou, Yancheng and Zhenjiang, including Nanjing Zhonglian Cement, Jiangsu Xinning New Building Materials, China Cement Plant, etc. The announcement of the list means that the relevant cement enterprises will be included in the quota management and performance scope of the national carbon market in 2027.