Avic chengdu shares: China’s defense company Avic Chengdu declined by 5 percent on Thursday. Earlier on Wednesday, there was a jump of 10 percent in its stocks after the news of a meeting between Field Marshal Asim Munir and US President Donald Trump at the White House on Wednesday, but there was a 10 percent jump in its stocks, but when there was no special announcement after this meeting, the shares were rejoined. Let us know that this was the first meeting of Trump and Munir after the war between Iran-Israel and India’s ‘Operation Sindoor’.

Three out of five business sessions declines

On Thursday, the stock of Avic Chengdu aircraft opened at 86.59 yuan, which is less than the previous closed price 88.93 yuan. With this, the share came to the lowest level of the day at 84.26 yuan, which shows a decline of 5.25 percent in the previous closed price. Out of the last five trading sessions, three of this company shares declined. However, despite this, the stocks also gained up to 9 percent during this time. In the month of May, the stock has increased by 31 percent and 11 percent in June so far.

Pakistan used J-10 fighter jet

Let us know that during ‘Operation Sindoor’, Pakistan used fighter jet made in China. These included Avic Chengdu J-10 fighter jet. During this time, Pakistan claimed that the Chinese fighter jet J-10 had completely destroyed an airbase of the Indian Army. After this news, Avic Chengdu shares got a sharp jump.

The price of its stock increased from 58.75 yuan to 95.86 Chinese yuan between the Pahalgam terror attack and Operation Sindoor, ie between April 30 and May 12, which shows a jump of up to 64 % in just two weeks. However, when India exposed Pakistan’s claim as a lie, its shares declined by more than 17 percent.

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