In the past few weeks, the most attractive stock in the Hong Kong stock market has been China Tobacco International (06055.HK), which price rise like a rocket. T+0 in the Hong Kong stock market, it’s stock price rising is even more shocking.
Since its listing on June 12, China Tobacco International HK has witnessed a drastic rise and fall which has climbed from the issue price of HK$4.88 to the peak of HK$28.5, with a nearly 5 folds increment.
Four days ago, the stock price of China Tobacco HK had been “urgently rushed”, and the amplitude in a single day reached 70%. On July 2, its price rose more than 50% in a single day to close at HK$19.86; on July 3, the intraday price rose to HK$28.5, the highest daily increase of more than 40%, the cumulative increase of two consecutive trading days was more than 90%, but then the stock price plummeted, closed at HK$16.66 falling more than 20%.