Core Viewpoint - Shanghai Construction (600170.SH) experienced a significant drop in stock price, closing at 3.49 CNY, a decrease of 10.05% after previously achieving five consecutive trading gains and reaching a price of 3.88 CNY per share [2] Company Summary - The stock price decline occurred on September 19, following a period of positive performance where the stock had gained attention from investors, particularly a notable investor referred to as "Construction Grandpa" [2] - "Construction Grandpa," an 82-year-old investor, managed to lower his holding cost from 6 CNY per share to 3.8 CNY per share over ten years by consistently purchasing shares monthly [2] - The investment journey of "Construction Grandpa" sparked a wave of support from online investors, leading to a temporary boost in market sentiment surrounding Shanghai Construction [2]
“建工爷叔”刚解套,上海建工就被砸盘