On April 9, when China Tianrui Cement was in shock, its share price suddenly "dived" at the end of the day, eventually plunging 99.04% to HK $0.048. The total market value evaporated by more than HK $14 billion, leaving only HK $141 million.
It is reported that the share price of Tianrui Cement plummeted because of the thunderstorm of Ping An Trust, the liquidation of securities firms, the selling of Tianrui shares, and the poor liquidity of the Hong Kong stock market, which led to no one taking over for a short time, and the price continued to fall. Analysts say Tianrui's share price should rise later.
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