STOCKWATCH: Shenyang Public Utility continues to go soft

Shenyang Public Utility Holdings (0747) declined sharply again today with the price re-hitting recent new low and technical shape worsening. It once witnessed swelling turnover at the high stance around HK$2.5 and HK$3 in May and June, which is believed that major investors took profit at high. Currently, with turnover becoming quiet and price dropping, the stock is expected to continued the weakness in the late trading due to lack of active buying. Not to make investment for the time being.

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