Stocks News
- 310 firms exempted from trading suspension
Date: 5-Jun-2007 Sources: (Shenzhen Daily)
THE two stock exchanges yesterday exempted 310 listed firms from a rule which requires an hour's suspension of trading in shares that have risen or fallen 20 percent in three consecutive sessions.
The companies, which account for around one-fifth of all listed firms on the Shanghai and Shenzhen stock exchanges, have posted statements to inform investors of sharp falls in their share prices over the past three sessions and the risk of a trading halt. But a statement from the Shanghai Stock Exchange said yesterday the 310 companies could all trade as usual. A statement on the Shenzhen bourse's Web site said yesterday the trading suspension rule would still apply to a small number of companies whose recent share-price movements have been too sharp, without elaborating.
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