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Guangdong Fenghua Advanced Technology's Stock Fluctuates More Than 200% for 30 Straight Trading Sessions

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Guangdong Fenghua Advanced Technology's (SHE:000636) stock fluctuated by more than 200% over the past 30 trading days from May 18 to June 29, according to a Tuesday disclosure to the Shanghai bourse.

Since May, the company' stock price rose 219.93% cumulatively due to high market sentiment amid the construction of its resistor technology and inductor technology upgrade/expansion projects.

The company also noted media reports regarding the suspension of orders for its chip resistors and multilayer ceramic capacitors, among other factors leading to its stock price surge.

Shares closed 10% lower on Tuesday.

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