Film and media stocks extend gains, more than ten hit daily limit up
In short
Film, TV and media stocks extended their gains during trading on October 9, with more than ten stocks hitting their daily limit up, CLS and Yicai reported. Zhongwen Zaixian (中文在线) rose by its 20% limit, and Longban Chuanmei (龙版传媒) also hit limit up, according to CLS and Jiemian.
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Film, TV and media stocks extended their gains during trading on October 9, CLS reported, with Zhongwen Zaixian (中文在线) rising by its 20% daily limit. Before that, Shanghai Dianying (上海电影), Longban Chuanmei (龙版传媒), Jishi Chuanmei (吉视传媒), Xin Jingdian (新经典) and Zhangyue Keji (掌阅科技) had hit limit up, while Liujin Keji (流金科技), Xinmei Gufen (新媒股份) and Mangguo Chaomei (芒果超媒) each rose more than 10%, according to CLS. Yicai also reported the media sector climbing, with more than ten stocks at limit up. [ 1 , 2 ]
Jiemian described the culture and media sector as rising amid fluctuations, with Longban Chuanmei at limit up and Xinmei Gufen, Xinhua Wenxuan (新华文轩), Diansheng Gufen (电声股份) and Mangguo Chaomei following higher. [ 3 ]
Why it matters
Three business outlets reported the sector's rise within minutes of each other, each naming several stocks. The documents do not give a reason for the gains.
Key facts
- Media stocks rose during trading on October 9. [ 1 , 2 , 3 ]
- More than ten stocks in the sector hit their daily limit up. [ 1 , 2 ]
- Zhongwen Zaixian (中文在线) hit its 20% daily limit, CLS reported. [ 1 ]
- Shanghai Dianying (上海电影), Longban Chuanmei (龙版传媒), Jishi Chuanmei (吉视传媒), Xin Jingdian (新经典) and Zhangyue Keji (掌阅科技) had earlier hit limit up, according to CLS. [ 1 ]
- Liujin Keji (流金科技), Xinmei Gufen (新媒股份) and Mangguo Chaomei (芒果超媒) each rose more than 10%, CLS reported. [ 1 ]
- Jiemian reported that Xinhua Wenxuan (新华文轩) and Diansheng Gufen (电声股份) also rose. [ 3 ]
Confirmed by several sources
Still unclear
- What drove the rally. None of the documents gives a reason for the gains.
- How much Xinhua Wenxuan (新华文轩) and Diansheng Gufen (电声股份) rose. Only Jiemian mentions them, without giving figures.
What local media are saying
Timeline, local time
- CLS reports film and media stocks widening gains, with Zhongwen Zaixian (中文在线) hitting its 20% limit and more than ten stocks at limit up. [ 1 ]
- Yicai reports the media sector continuing to climb, with more than ten stocks at limit up. [ 2 ]
- Jiemian reports the culture and media sector rising amid fluctuations, with Longban Chuanmei (龙版传媒) at limit up. [ 3 ]