BYD, a major Chinese electric vehicle manufacturer (002594-CN) The stock price of H shares plummeted by 13% in early trading on Wednesday (31st), and the stock price of A shares also fell by more than 11%, highlighting the impact of the “stock god” Buffett’s stock selling.
21 Economic Net reported that a BYD source said, “We only knew when we saw the disclosure, and we didn’t know it beforehand.” Regarding the various speculations in the market, the above-mentioned people said that there are many opinions in the market.
According to the Hong Kong Stock Exchange document, Buffett sold 1.33 million BYD H shares on August 24 at a price of HK$277.1 per share, cashing in HK$369 million, and his shareholding ratio dropped to 19.92%. This is Buffett’s first reduction in BYD in 14 years.
Yan Zhaojun, a strategic analyst at Zhongtai International, said: “Warren Buffett’s reduction will put pressure on BYD’s stock price in the short term, and it will also bring psychological pressure to the market, especially for stocks that are also in the new energy vehicle sector. “
The rumor that Buffett intends to clear BYD’s shares has sparked market discussions and caused BYD’s A-share stock price to fall belowRMB 300 yuan mark.
