Electronic Cigarette Sector Drops 2% on March 14th

Mar.14.2023

Electronic Cigarette Sector Drops 2% on March 14th

The e-cigarette index dropped by 2% on March 14, with a turnover of 53.36 billion yuan. The top 5 stocks fell by over 3.9%.

On March 14th at 10:46 am, the electronic cigarette sector index reported at 1505.206 points, indicating a 2% decline. The total volume of trades was 53.36 billion yuan, with a turnover rate of 0.62%.

In the sector of individual stocks, the top 5 with the largest drops are as follows: Hongxin Electronics at 11.45 yuan, a decrease of 4.74%; Gionee Sound Electronics at 11.94 yuan, a decrease of 4.33%; Penghui Energy at 58.78 yuan, a decrease of 4.25%; Wog Light Power at 20.58 yuan, a decrease of 4.10%; and Xunwei Communications at 19.97 yuan, a decrease of 3.94%.

#Asia #Market #Japan

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Authorities in Almaty have uncovered a large illegal vape distribution scheme, seizing and destroying more than 180,000 vapes. Prosecutors said potential revenue from sales could have exceeded 1 billion tenge. Suspects allegedly sold the banned products through Telegram channels and social media, storing inventory in warehouses and covert locations.

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BAT says a U.S. import block on some disposable vapes could cut illegal sales by about a third

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Reuters reported that British American Tobacco (BAT) CEO Tadeu Marroco said a potential U.S. move to block imports of some disposable vapes could reduce the market for unregulated e-cigarettes by as much as a third, though any impact is unlikely before 2027.

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According to Malay Mail and Bernama, Malaysia’s maritime enforcement agency intercepted a suspicious lorry at a jetty in Kedah’s Kuala Sanglang and seized nearly 16,500 vape devices worth more than RM500,000 (about US$125,000). Three men were detained for investigation, and the case is being probed under Malaysia’s Customs Act 1967.

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