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A-shares unusual movement | Large-scale unlock, Shengke Nano drops over 6%, market capitalization falls below 10 billion yuan
Shengke Nano (688757.SH) continues to decline by over 6%, with a total drop of more than 18% over the past five days. The stock price has hit a new low for the phase, and the total market value has fallen below 10 billion yuan. According to news, 146 million shares of Shengke Nano’s restricted shares are being released for trading today, accounting for 36.24% of the company’s total issued share capital. The restricted shares include initial shareholders’ restricted shares and strategic placement shares. Generally, when restricted shares are unlocked, some shares enter the market, increasing supply and often leading to a decline in the stock price.