Core Viewpoint - The stock of Oriental Selection experienced significant volatility, initially surging nearly 24% before plummeting over 20%, attributed to rumors regarding the CEO of New Oriental Education Technology Group [11][13]. Market Overview - A-shares saw a decline in the afternoon session, with all three major indices turning negative by the close. The Shanghai Composite Index fell by 0.02% to 3727.29 points, while the Shenzhen Component and ChiNext Index dropped by 0.12% and 0.17%, respectively [2]. - The North Stock 50 Index, however, increased by 1.27%, with total trading volume across the Shanghai, Shenzhen, and North exchanges amounting to 26,413 billion yuan, a decrease of nearly 1,700 billion yuan from the previous day [2]. Sector Performance - Consumer stocks collectively rose, with notable gains in the liquor sector, including stocks like JiuGuiJiu and LiZiYuan hitting the daily limit [3][4]. - The automotive supply chain stocks also saw significant increases, with companies like NanFangJingGong and TuoPu Group reaching their daily limits [3]. - The AI industry chain continued its strong performance, with Industrial Fulian hitting the daily limit and surpassing a market capitalization of 970 billion yuan [3]. Oriental Selection Specifics - Oriental Selection's stock reached a peak of 53.7 HKD per share, marking a new high since February 2023, before closing down 20.89% at 34.32 HKD, resulting in a market capitalization of 35.9 billion HKD [11][13]. - The company is set to release its full-year results for the fiscal year ending May 31, 2025, on August 22. Recent earnings reports indicated a projected revenue of 150 million USD for Q4 of fiscal year 2025, reflecting a year-on-year decline of approximately 30% [16]. - Despite the challenges, the company is transitioning from a host-driven model to a product-driven approach, which may enhance its profitability moving forward [16].
涨近24%→跌超20%！东方甄选，尾盘突变！