Fidelity China Special (LON:FCSS) Hits New 12-Month High – Here’s Why

Shares of Fidelity China Special (LON:FCSS) reached a new 52-week high on Tuesday . The stock traded as high as GBX 286.78 ($3.72) and last traded at GBX 286 ($3.71), with a volume of 1252980 shares traded. The stock had previously closed at GBX 280.50 ($3.64).

Fidelity China Special Stock Performance

The business has a 50 day moving average price of GBX 244.19 and a 200-day moving average price of GBX 220.53. The company has a market capitalization of £1.42 billion and a price-to-earnings ratio of 1.42.

About Fidelity China Special

As the world’s second-largest economy, China is shifting from export-led growth towards an economy driven by domestic consumption. With expanding middle classes, rising incomes and technological innovations driving this change and creating a solid backdrop for companies to thrive, investors seeking an effective globally diversified portfolio may want to consider allocating some of their portfolio to China.

Fidelity China Special Situations PLC provides focused exposure to companies benefiting from this growth opportunity.