On June 8, Jingwei Tiandi (New) declined 8.33% in regular trading, trading at 0.56 HKD/share, with trading volume of 111 million HKD.
The decline represents a continuation of the extreme post-crash volatility pattern. On May 21, the stock suffered a catastrophic flash crash, plunging 83.16% in a single day from approximately 5 HKD to 0.83 HKD, with turnover reaching 4.625 billion HKD and a turnover rate exceeding 105%. Southbound capital net purchased 1.241 billion HKD on the crash day, while major shareholder Hengfeng International and the second-largest shareholder issued no reduction notices. Since then, the stock has entered a phase of violent oscillation with repeated daily swings of over 8% in both directions.
Additionally, the Shanghai Stock Exchange has removed the old shares from Stock Connect eligibility. The current price represents a decline of over 89% from pre-crash highs, reflecting significant bull-bear divergence as the wide-range oscillation within the deeply oversold recovery zone continues.
(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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