Tuesday, September 3, 2013

Everbright Securities' share price drops

The share price of Everbright Securities plunged to its lowest during Monday's trading in Shanghai after the mainland's securities regulator imposed a record fine of more than 500 million yuan on the brokerage for insider trading.
The price slumped by the 10-percent daily limit before closing 8.5 percent lower.

Last week, the regulator said the brokerage had given misleading information after a technical glitch that accidentally caused a sudden spike in the Shanghai benchmark index about two weeks ago.