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Yunsheng Says Unaware of Reason for Abnormal Stock Movement

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Ningbo Yunsheng (SHA:600366) experienced an unusual stock price movement for three consecutive trading days, but it found that there was no significant matter that could have affected its stock, according to a Shanghai bourse filing on Friday.

The Chinese rare earth permanent magnet material manufacturer's closing stock price between June 30 and July 2 recorded a cumulative deviation exceeding 20%.

The company conducted an internal inspection and found that it has no material matters that have not yet been disclosed.

The company's shares rose 1% at the close.

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