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M&A terminates the violent fluctuation of Foshan lighting
Foshan Lighting, which was suspended on August 26, resumed trading yesterday. However, due to the company’s termination of planned mergers and acquisitions and the A-share general increase, the stock’s amplitude reached 17.89% yesterday, and finally closed at 11.48 yuan, a slight decrease of 0.78% throughout the day. Yesterday's collection bidding stage, Foshan Lighting experienced the trend of stock price from daily limit to down limit; during the continuous bidding period, it was driven by the strong upside of the market. In the morning, the stock opened lower and then recovered and lost ground. After the red, it continued to go up and touched before 11:00 am. The highest price of 12.63 yuan throughout the day. However, on the news front, Foshan Lighting announced yesterday that the major mergers and acquisitions planned by the company and Bain Capital (Hong Kong) Co., Ltd., due to the complicated situation, failed to reach an agreement and finally decided to terminate. With the news fermentation, Foshan Lighting continued to dive in the intraday trading yesterday, hitting 10.56 yuan at the lowest, but the gains in the late stage narrowed, eventually only slightly down 0.78%. Analysts believe that, considering Foshan Lighting's suspension period, the market as a whole sideways, the change is not large, the stock does not have the burden of replenishment after the resumption of trading, and the stock fell yesterday, the transaction volume was significantly increased, reaching 1.249 billion yuan, investment The cautious sentiment was quickly burst out, and the market outlook is expected to stabilize quickly. It is recommended that investors not blindly kill. (Ye Tao)