[ET Net News Agency, 28 May 2024] STAR CM (06698) rose 17.3% to HK$5.01. It recorded a
turnover of 12.3 million shares of HK$56.33m. It hits an intra-day high of HK$5.02, and an
intra-day low of HK$4.25. It triggered the Volatility Control Mechanism (VCM) at 1:50p.m.,
putting it on a 5-minute cooling-off period, with trading price range limiting between
HK$3.82 and HK$5.16. The cooling-off period ends at 1:55p.m.
STAR CM 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)