[ET Net News Agency, 20 March 2024] COSMOPOL INT'L (00120) rose 14.5% to HK$1.26. It
recorded a turnover of 1.91 million shares of HK$2.18m. It hits an intra-day high of
HK$1.26, and an intra-day low of HK$1.05, rewriting a new 52-week low. 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$0.84 and HK$1.26. The cooling-off
period ends at 9:50a.m.
COSMOPOL INT'L 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)