[ET Net News Agency, 12 March 2024] LI NING-R (82331) rose 18.7% to RMB22.25. It
recorded a turnover of 70,000 shares of RMB1.46m. It hits an intra-day high of RMB22.25,
rewriting a new 1-month high, and an intra-day low of RMB19. It triggered the Volatility
Control Mechanism (VCM) at 1:47p.m., putting it on a 5-minute cooling-off period, with
trading price range limiting between RMB18.24 and RMB22.25. The cooling-off period ends at
1:52p.m.
LI NING-R When its share price fluctuates more than 10% 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)