[ET Net News Agency, 29 May 2024] HIGHTIDE-B (02511) rose 18.1% to HK$6.2. It recorded
a turnover of 726,500 shares of HK$4.12m. It hits an intra-day high of HK$6.19, and an
intra-day low of HK$5.07. It triggered the Volatility Control Mechanism (VCM) at
10:50a.m., putting it on a 5-minute cooling-off period, with trading price range limiting
between HK$4.16 and HK$6.24. The cooling-off period ends at 10:55a.m.
HIGHTIDE-B 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)