Zhongwu High-Tech Block Trade at 17% Discount, Shares Hit Daily Limit, Main Inflow RMB 587 Million
Zhongwu High-Tech Materials Co. , Ltd. executed a block trade of 330,000 shares at RMB 43.20 each, a 17.26% discount to the day’s closing price, for RMB 14.256 million. The stock hit the daily limit intraday and closed up 8.79% at RMB 52.21, with main capital net inflow of RMB 587 million. Over five days, the stock fell 3.28% while main capital net inflow totaled RMB 475 million. The company’s margin financing balance was RMB 2.193 billion, down 4.51% in five days.
On August 4, Zhongwu High-Tech recorded a block trade of 330,000 shares at a price of RMB 43.20 per share, totaling RMB 14.256 million, a 17.26% discount to the stock’s closing price that day. The buyer was the Changsha Jiefang West Road securities department of China CICC Wealth Securities Co. , Ltd. , and the seller was the Beijing Anli Road securities department of Orient Securities Co. Over the past three months, the stock has seen five block trades with a combined value of RMB 70.9803 million.
During the session, the stock hit the daily limit, rising 10%, with turnover exceeding RMB 3.2 billion. Closing data showed the stock at RMB 52.21, up 8.79%, with a daily turnover rate of 5.57% and turnover of RMB 4.148 billion. Main capital net inflow for the day was RMB 587 million. Over the past five days, the stock fell 3.28%, while main capital saw a net inflow of RMB 475 million. In margin trading, the latest margin financing balance was RMB 2.193 billion, down RMB 103 million or 4.51% over five days.
Zhongwu High-Tech Materials Co. was established on March 18, 1993, with a registered capital of RMB 2,278.6044 million.