After six consecutive days of increases, Youbao Online (02429.HK) experienced a pullback. This morning's opening price was up 1.47%, reaching a new high of 29.4 yuan in the early stages, but then it turned sharply and fell to a low of 18.8 yuan, once dropping by 31%. It is now reporting 19.9 yuan, down 26.97%, with a trading volume of 5.6515 million shares, involving 136 million yuan.
The company operates vending machines in mainland China and went public in November last year. Compared to the closing price of 13.42 yuan on Tuesday the 11th, the closing price of 27.25 yuan yesterday (the 19th) was an increase of 1.03 times in six days. (cy/k)
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