[ET Net News Agency, 8 February 2024] RADIANCE HLDGS (09993) rose 32.2% to HK$3.24. It
recorded a turnover of 645,000 shares of HK$2.24m. It hits an intra-day high of HK$4.2,
rewriting a new 1-month high, and an intra-day low of HK$2.68. It triggered the Volatility
Control Mechanism (VCM) at 9:45a.m., putting it on a 5-minute cooling-off period, with
trading price range limiting between HK$3.02 and HK$4.52. The cooling-off period ends at
9:50a.m.
RADIANCE HLDGS is a constituent of the Hang Seng Composite SmallCap Index. When its
share price fluctuates more than 20% 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)