[ET Net News Agency, 30 April 2024] BEKE-W (02423) rose 7% to HK$43.3, or 8.1% higher
than its ADR close. It recorded a turnover of 692,000 shares of HK$27.96m. It hits an
intra-day high of HK$43.3, rewriting a new 1-month high, and an intra-day low of HK$39.75.
It triggered the Volatility Control Mechanism (VCM) at 1:28p.m., putting it on a 5-minute
cooling-off period, with trading price range limiting between HK$35.8 and HK$43.7. The
cooling-off period ends at 1:33p.m.
BEKE-W 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. (ed)