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Back to the Red: 'China's Nasdaq' Surges Again
Back to the Red: 'China's Nasdaq' Surges Again
A screenshot of STAR board page in Choice terminal, captured at 11:43:00, July 24, 2019
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EqualOcean EqualOcean

24 of 25 STAR-listed companies saw their stocks growing 6.23% on average this morning. CRSC's (688009:SH) share price remained the same;

The sci-tech board market cap hit CNY 517.18 billion (USD 75.15 billion) by the midday break;

As the initial craze shrivels, number of transactions dropped 25%, compared to the yesterday morning session. As for the total transaction volume, it slumped by 45%.


In the bullish afternoon all the 25 companies eventually found themselves in the red, the stocks grew 7.92% on average from yesterday's final numbers;

Market cap of the 25 made another leap, now it is CNY 533.66 billion (USD 77.61 billion);

Chipmakers Anji Technology (688019:SH) and AMEC (688012:SH) are priced 162.12 and 450.28 times their last year earnings respectively. 

Enterprise Information

EqualOcean is a leading industry tech media and an investment research company.
CATEGORIES: AI, Research
Last Funding Type
Series C
Number of Employees
200
Number of Funding Rounds
6
Total Funding Amount
26.79M

Enterprise Information

EqualOcean
EqualOcean is a leading industry tech media and an investment research company.
CATEGORIES: AI, Research
Last Funding Type
Series C
Number of Employees
200
Number of Funding Rounds
6
Total Funding Amount
26.79M

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EqualOcean is a leading industrial tech media and investment research company that focuses on technological and industrial innovation in China.

We aim to assist Chinese entrepreneurial enterprises to break into the global market and provide overseas investors, VCs, and enterprises with a deeper understanding of China's business environment and to seize opportunities in China.

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