Little-known Company Smashes Record On China’s Stock Markets

 

Via scmp.com

Jiangsu Protruly Technology drops by the daily limit for 21 straight days, the longest run of such declines among all mainland-listed companies

Jiangsu Protruly Technology Group, a Shanghai-listed company rarely on investors’ radar, is now in the limelight. This time, the little-known firm is setting an inglorious record on China’s stock markets.

Shares of the video products manufacturer have tumbled by the daily limit for 21 straight days on Friday, the longest streak of such declines among the 3,000-plus companies on the Shanghai and Shenzhen exchanges. The stock fell 5 per cent to 3.72 yuan at the close.

 

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