Movement Alert|Jingwei Tiandi New Rises 8.2% in Regular Trading, Oversold Recovery Continues After May 21 Flash Crash

Market Focus05-28

On May 28, Jingwei Tiandi (New) (02477.HK) rose 8.2% in regular trading, trading at HK$0.72/share, with trading volume of HK$319 million.

The stock continues its volatile oversold recovery following a cliff-like flash crash on May 21, when it plunged 83.16% in a single session from approximately HK$5 to HK$0.83, with extraordinary turnover of HK$4.625 billion and a turnover rate exceeding 105%. Southbound capital bought a net HK$1.241 billion on the crash day despite the overall net outflow. Since then, the stock has entered a phase of extreme oscillation, rebounding 10.84% on May 22, gaining 8.33% on May 26, and dropping 8.57% on May 27. The current price remains deep within the post-crash recovery zone, with significant divergence between bulls and bears.

Within the IT Consulting and Other Services sector, individual stocks showed mixed performance: LX Technology up 0.17%, Ruihe Data down 0.87%, Xunce down 1.88%, ChinaSoft International down 2.24%, and Voicecomm down 3.18%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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