[ET Net News Agency, 16 April 2024] CIFI HOLD GP (00884) rose 17.1% to HK$0.26. It
recorded a turnover of 89 million shares of HK$19.2m. It hits an intra-day high of
HK$0.26, and an intra-day low of HK$0.208, rewriting a new 1-month low. It triggered the
Volatility Control Mechanism (VCM) at 1:35p.m., putting it on a 5-minute cooling-off
period, with trading price range limiting between HK$0.175 and HK$0.26. The cooling-off
period ends at 1:40p.m.
CIFI HOLD GP is a constituent of the Hang Seng Composite SmallCap Index. When its share
price fluctuates more than 20% compared to the last trading price five minutes ago, the
VCM is triggered. VCM offers a cooling-off period of 5 minutes for the market and limits
the trading price range. It then resumes normal trading. VCM is only applicable to the
continuous trading session (CTS), excluding the first 15 minutes of the morning and
afternoon trading session, and the last 15 minutes of the afternoon trading session. (ed)