[ET Net News Agency, 14 November 2023] UNITEDENERGY GP (00467) fell 46.3% to HK$0.66.
It recorded a turnover of 468.41 million shares of HK$408.76m. It hits an intra-day low of
HK$0.51, rewriting a new 52-week low, and an intra-day high of HK$1.24. It triggered the
Volatility Control Mechanism (VCM) at 10:40a.m., putting it on a 5-minute cooling-off
period, with trading price range limiting between HK$0.495 and HK$0.66. The cooling-off
period ends at 10:45a.m.
UNITEDENERGY GP is a constituent of the Hang Seng Composite MidCap Index. When its share
price fluctuates more than 15% 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)