The Chinese stock market witnessed notable volatility during mid-day trading on 23rd December. As of 1:35 PM local time, Doushen (Beijing) E-Commerce, Shanghai Phoenix Enterprise, and Youcare Pharmaceutical Group were among the most volatile stocks.
Doushen (Beijing) E-Commerce leads declines
Doushen (Beijing) E-Commerce experienced a sharp decline, with its stock plummeting 19.95% to 6.78 CNY. The drop reflects significant selling pressure, highlighting cautious investor sentiment.
Shanghai Phoenix Enterprise gains 7.29%
On the positive side, Shanghai Phoenix Enterprise rose 7.29% to 20.17 CNY, driven by robust interest in the consumer goods sector, particularly bicycles and related products.
Youcare Pharmaceutical Group falls 17.46%
Youcare Pharmaceutical Group also faced a steep loss, with its stock decreasing 17.46% to 16.21 CNY, amid mixed performance in the healthcare and pharmaceutical sector.
Other notable movements
- Zhongbai Holdings advanced 4.87% to 8.83 CNY, reflecting steady gains in retail and consumer staples.
- KraussMaffei Company Limited climbed 4.03% to 11.36 CNY, showcasing resilience in the industrial manufacturing segment.
- Ji Yao Holding Group dropped 14.44% to 1.60 CNY, marking it as another significant decliner during the session.
Disclaimer: This article is for informational purposes only. Please consult a financial expert for professional advice.