Shares of China Construction Bank Co. (OTCMKTS:CICHF – Get Free Report) dropped 9.5% on Monday . The stock traded as low as $0.95 and last traded at $0.95. Approximately 18,401 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 69,717 shares. The stock had previously closed at $1.05.
China Construction Bank Stock Performance
The firm has a 50-day moving average of $0.99 and a 200 day moving average of $0.99.
China Construction Bank Company Profile
China Construction Bank Corporation (OTCMKTS:CICHF) is one of the largest commercial banks in China, offering a comprehensive range of financial products and services. Its core business activities include corporate banking, personal banking, and treasury operations. The bank provides lending solutions, deposit accounts, trade financing, cash management, and foreign exchange services to meet the needs of governments, state-owned enterprises, multinational corporations, small and medium-sized enterprises, and individual customers.
Founded in 1954 and restructured as a joint-stock commercial bank in 1996, China Construction Bank has grown into a key player in China’s banking sector, ranking among the country’s “Big Four” state-owned banks.
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