CHINA UNICOM MET WITH STOCK PIRCE SLUMP
AsiaInfo Services, March, 2005
AsiaInfo Services 03-14-2005 China Unicom Met with Stock Pirce Slump CHINA, Mar 14, 2005 (SinoCast via COMTEX) -- Stock price of China Unicom (SSE: 600050) closed on March 9 with 3.38 percent down, the largest daily drop since November 1, 2004. The trading volume extended to 237.1992 million shares, the largest transaction volume since November 10, 2004. The reason for the slump is that the company is performing flatly.
Besides, it could be relevant to some market rumors, pointed out market experts. China Unicom has a weak increase in user base, said industrial researcher Chen Liang at Guotai Junan Securities. The performance in the fourth quarter of 2004 is far inferior to the third quarter of 2004, and the newly increased users of thecompany fell...
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