Xinxing Electric Stock Plunges Midday, Then Surges Near Upper Limit; Netizens Exclaim: 'Unbelievable!'

Xinxing Electric (6173), a PCB materials manufacturer, saw its stock price undergo a dramatic reversal on July 27, moving from a midday plunge to the lower limit to a near-full recovery by the market's close. The stock opened at 159.5 yuan, down from the previous day, and faced persistent selling pressure, eventually hitting the lower limit of 148.5 yuan.

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This is unbelievable

However, in the final trading session, a sudden influx of buying orders propelled the stock upward. It surged dramatically, reaching a high of 181 yuan, just shy of the upper limit. This volatile trading day, likened to a "sauna" experience by investors, generated significant buzz on online forums.

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What kind of market is this, a sudden surge?

Many netizens expressed astonishment at the rapid turnaround, with comments like "This is unbelievable," "What kind of market is this, a sudden surge?" and "It's like a dragon rising from the depths." Some speculated about the reasons behind the late surge, with one user suggesting, "There's something fishy about this rapid rise," while another speculated, "Perhaps it's confirmed they've entered the supply chain; institutional investors must have seen something and bought it up."

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It's like a dragon rising from the depths.