20 stocks on GEB suspended on second trading day

After the second day of trading on China's Nasdaq-style Growth Enterprises Board (GEB), 20 of the 28 stocks slumped below the decline limit and were suspended Monday.

After the meteoric rise last Friday, 25 of the 28 stocks slumped and suffered from suspension when trading opened Monday. They tried to rally, but 20 of them still closed below the decline limit.

Sichuan Jifeng Agricultural Machinery Chain Co., Ltd.became the glamour stock with its 10 percent growth and withstood the first round of tests from the market.

On Friday, the first trading day, all 28 new stocks listed on GEB were heated and suspended from trading at least once by 11.20 am after trading began at 9:30 am. In the end, all 28 stocks closed 75 percent higher.

Analysts believe that the erratic rise and fall in the first and second trading days embody GEB’s feature of “high fluctuation”. All the 28 stocks have different situations, but were all speculated on the first trading day, and they will back to their worthy value in the following days and weeks.

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