[ET Net News Agency, 29 December 2023] STAR CM (06698) fell 39.6% to HK$11.5. It
recorded a turnover of 5.1 million shares of HK$73.54m. It hits an intra-day low of
HK$11.5, rewriting a new historical low, and an intra-day high of HK$18.96. It triggered
the Volatility Control Mechanism (VCM) at 10:12a.m., putting it on a 5-minute cooling-off
period, with trading price range limiting between HK$11.5 and HK$15.54. The cooling-off
period ends at 10:17a.m.
STAR CM is a constituent of the Hang Seng Composite MidCap Index. When its share price
fluctuates more than 15% 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)