Monday Close Net Qin shares rose 17%

View latest Market Monday Close Net Qin price rose 17%

Beijing time December 31 Morning News, U.S. stocks closed in Monday, Net Qin (NYSE:NQ) shares rose 17.22%, reported 13.9 U.S. dollars, because Morgan Stanley disclosed that the bank held 5.2% of the Net Qin shares.

Shares in the NYSE traded on the New York Stock Exchange in Monday, hitting a 14.80 dollar high, the highest rise since October 31. In the past 52 weeks, NetQin has the highest price of 25.90 U.S. dollars, the lowest price of 5.77 U.S. dollars.

Morgan Stanley submitted 13G documents to the Securities and Exchange Commission (SEC), saying it held about 7.92 million shares in the market as of December 20, with a stake of 5.2% per cent. Muddy Waters, the shorting agency, released a report on October 24 alleging that it had manipulated a "major scam", pointing out that its share price should be less than $1 trillion, followed by a denial of the alleged muddy Waters, but its share price has been fluctuating. NetQin's share price has fallen nearly 37% since the report date.