A number of penny stocks plummeted this morning (6th). Huasheng International Holdings (01323.HK), after plunging nearly 30 per cent the day before last, opened nearly 3 per cent lower at 1.31 yuan this morning, then plummeted and suspended trading halfway from 10:12. Before suspending trading, it fell 95% to a record low of 0.067 yuan, trading 1.246 billion shares, involving 99.159 million yuan.
After Singapore demolition service provider BENG SOON MACH (01987.HK) opened 1.4% higher at 2.13 yuan this morning, the initial stage rose 13.3% to 2.38 yuan, then fell as much as 95%, as low as 0.1 yuan, listed as low as 0.111 yuan, down 94.7%, and the turnover surged to 55.972 million shares, involving more than 26 million yuan.
In addition, 00176.HK fell by about 83% to a record low of 0.032 yuan. 00554.HK, which also invested in the parent enterprises of NWFB and Citybus, fell by 71.1% to a low of 0.14 yuan in nearly eight years. It is now trading at 0.219 yuan, down nearly 55%, and its market value has shrunk to nearly 870 million yuan.
The Chinese catering brand "Huangfu" parent company Capital Holdings (01703.HK), which changed hands earlier, lost 51.5% as low as 0.50 yuan this morning to 0.60 yuan, a drop of 41.8%, and the market capitalization shrank to 690 million yuan.
On the GEM board, after Capital Financial Holdings (08239.HK) opened nearly 6.5% lower this morning at 0.203 yuan, the morning market plummeted, falling 91.7% to a record low of 0.018 yuan, and the transaction surged to 89.29 million shares, involving 3.093 million yuan, with a market capitalization of only about 19 million yuan. Xing Ming Holdings (08425.HK) is down more than 40 per cent.