[ET Net News Agency, 12 March 2024] LI NING (02331) rose 20% to HK$24.55. It recorded a
turnover of 68.05 million shares of HK$1.5b. It hits an intra-day high of HK$24.55,
rewriting a new 1-month high, and an intra-day low of HK$20.25. 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 HK$20.15 and HK$24.55. The cooling-off
period ends at 1:52p.m.
LI NING is a constituent of the Hang Seng Composite LargeCap Index. 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.
The Hang Seng Index now rose 424 points, or 2.6% to 17,012; the Hang Seng China
Enterprises Index now rose 181 points, or 3.2% to 5,930. (ed)