Shandong Linglong Tyre Co.,Ltd. (601966) Plunges -0.13% on Jun 25

Shares of Shandong Linglong Tyre Co.,Ltd. (SHA:601966) last traded at 15.33, representing a move of -0.13%, or -0.02 per share, on volume of 780,676 shares. After opening the trading day at 15.36, shares of Shandong Linglong Tyre Co.,Ltd. traded in a close range. Shandong Linglong Tyre Co.,Ltd. currently has a total float of 1.20 billion shares and on average sees 4.05M shares exchange hands each day. The stock now has a 52-week low of 14.84 and high of 23.39.

SSE Composite Index: Driving Chinese Economy

SSE Composite Index is the index of all stocks traded on the Shanghai Stock Exchange (SSE).SSE is one of China’s two largest stock exchanges. The other is Shenzhen Stock Exchange. SSE is the second-largest stock exchange in Asia and fifth-largest in the world by market capitalization. Shandong Linglong Tyre Co.,Ltd. is one of companies included in SSE lists. The exchange is run as a nonprofit organization overseen by China Securities Regulatory Commission (CSRC).

The platform is used for trading equities, bonds and funds. Stocks on SSE are grouped into two categories as A Shares and B shares. The major distinction between the two types of shares today is that B shares are priced in U.S. dollar (USD) while A Shares are priced in Yuan (RMB). However, before 2002 A Shares were only available for trading by Chinese citizens, but today the shares are accessible by foreign investors as well and the move to remove the restriction in trading of A Shares partly explains why SEE has become a thriving stock exchange in Asia and beyond. Public availability of company information is one of the reasons why Shandong Linglong Tyre Co.,Ltd. is still on demand at the market.