With its shares closing lower on Monday, Cambricon yields ‘China’s most expensive stock’ bragging rights back to Kweichow Moutai
Cambricon’s shares closed down 2.95 per cent to 1,448.39 yuan on Monday. Still, that marked the day’s largest turnover on the mainland, which recorded 25 billion yuan worth of trades. The stock has more than doubled in price as of August and surged fivefold in the previous 12 months.
Notwithstanding that bullish forecast, Cambricon’s share price has declined for two consecutive trading days, which reflected a high divergence of sentiment on the stock.
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