OLED manufacturers' shares shine on foldable phone moves

New tech key for companies to expand market presence, gain more customers

Share prices of organic light-emitting diode (OLED) manufacturers have skyrocketed for two consecutive days, after major smartphone vendors announced their plans to unveil foldable phones during the Mobile World Congress 2019, set to be held in Barcelona in late February.

The share price of BOE Technology Group Co Ltd, a Beijing-based supplier of display products and solutions, surged by the 10 percent daily limit to close at 3.31 yuan (50 US cents) on Wednesday, with trading volume surpassing 6 billion yuan on a single day.