SHIMAO GROUP (00813) rose 35.6% to HK$0.61. It recorded a turnover of 54.29 million shares of HK$28.24m. It hits an intra-day high of HK$0.61, and an intra-day low of HK$0.45. It triggered the Volatility Control Mechanism (VCM) at 11:21a.m., putting it on a 5-minute cooling-off period, with trading price range limiting between HK$0.41 and HK$0.61. The cooling-off period ends at 11:26a.m.
SHIMAO GROUP 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.
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