Maoji Kwai Chung rose nearly 20% today, and Jingwei Tiandi also surged significantly. Both are extremely small-cap stocks in the Hong Kong market. No announcement was seen for Maoji Kwai Chung, and Jingwei Tiandi is a surveying instrument company, with no clear new news either.
My judgment on this type of small-cap Hong Kong stock is: more than 80% of such magnitude of gains are driven purely by sentiment or retail chasing, but occasionally there really are news of restructuring or asset injection that gets reflected in the price first. For these two today, I can't say which possibility is more likely.
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