SenseTime continued to plummet by more than 10% today, with a market value of less than 100 billion Hong Kong dollars – yqqlm

On July 4th, the Hong Kong stock market of Shangtang continued to fall sharply after the opening of the market today. As of press time, it fell by more than 10% to HK$2.81, continuing to hit a new low;The market value fell below the 100 billion mark, leaving only 93.8 billion Hong Kong dollars (about 80.105 billion yuan).

On the previous trading day (June 30), the closing share price of Shangtang fell 46.77% to HK$3.13, which fell below the issue price of HK$3.85; the market value evaporated more than HK$92.1 billion on that day, and the latest market value was HK$104.9 billion, less than its peak period. one-third.

Data Display,On June 30, the circulation of more than 23.3 billion Class B shares held by investors and Cornerstone investors before the listing of SenseTime ushered in the lifting of the ban. Many investors believe that the slump of SenseTime directly induced the lifting of the ban on huge stocks, but such a violent bearish reflection in the market actually shows investors’ concerns about SenseTime’s future expectations.

On December 30 last year, SenseTime was listed in Hong Kong, becoming the first AI stock in China since the tide of artificial intelligence entrepreneurship. On the first day of trading, SenseTime’s intraday share price soared 23%, and its market value hit HK$150 billion. In the next few trading days, SenseTime continued to soar, with its share price doubling and once approaching HK$10.The market value is also as high as nearly 325 billion Hong Kong dollars (about 277.55 billion yuan).

Afterwards, the stock price of SenseTime fell all the way, especially after the release of the annual report of SenseTime’s huge loss at the end of March this year, coupled with the overall market adjustment, the share price of SenseTime intensified. With the recent market recovery, SenseTime’s share price rebounded slightly, but as the lifting of the ban approached, SenseTime’s share price plummeted under pressure, and erased the gains since its listing, with a cumulative decline of 27%.