Movement Alert｜Jingwei Tiandi (New) Rises 10.84% in Regular Trading, Southbound Funds Buying the Dip After Previous Sessions 80%+ Crash

Market Focus05-22

On May 22, Jingwei Tiandi (New) rose 10.84% in regular trading, trading at HK$0.88/share, with trading volume of HK$459 million.

On the news front, the stock experienced a cliff-like crash of over 80% in the previous trading session on May 21, plunging from approximately HK$4.9 to around HK$0.83, with daily turnover surging to over HK$4.6 billion. Notably, southbound funds via Stock Connect moved aggressively to buy the dip during the crash, with net purchases of Jingwei Tiandi (New) reaching HK$1.241 billion on May 21, topping the Stock Connect net buy list. This substantial capital inflow is providing support for today's technical rebound.

The stock had previously surged on AI computing power concept speculation after the company announced an artificial intelligence strategy upgrade covering GPU computing rental platforms, computing scheduling and optimization, and Token aggregation APIs. However, the company had warned that related businesses remain at an early stage subject to significant uncertainties.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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