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Anonymous Posted 19 years ago
Grammar
confused about a sentence
I saw two sentences that I don't really get in an article saying:
Today, Imagi's shares are down 47% for the year, compared with a 40% increase in the benchmark Hang Seng index. From a high of HK$4.87 in January, the stock has lost 60% of its value.
In the first sentence, does it mean Imagi's shares are going down 47% while in HK, its shares are going up 40%? seems doesn't make any sense. Could someone help me with this?
Thank you in advance
Today, Imagi's shares are down 47% for the year, compared with a 40% increase in the benchmark Hang Seng index. From a high of HK$4.87 in January, the stock has lost 60% of its value.
In the first sentence, does it mean Imagi's shares are going down 47% while in HK, its shares are going up 40%? seems doesn't make any sense. Could someone help me with this?
Thank you in advance
Top answer
Imagi's share price decreased 47%, while at the same time, the Hang Seng Index (a grouped selection of 40 of the largest listed HK companies) increased 40%. The other companies did well, but Imagi did poorly-- and both happened in the Hong Kong stock market.
- Imagi's share price decreased 47%, while at the same time, the Hang Seng Index (a grouped selection of 40 of the largest listed HK companies) increased 40%.
- The other companies did well, but Imagi did poorly-- and both happened in the Hong Kong stock market.
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1 Answers
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Imagi's share price decreased 47%, while at the same time, the Hang Seng Index (a grouped selection of 40 of the largest listed HK companies) increased 40%. The other companies did well, but Imagi did poorly-- and both happened in the Hong Kong stock market.
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