HK Stock Market Move | WELLCALL HOLD (02940) soared significantly then fell back, with a total daily fluctuation exceeding 111%. The company conducted a stock split based on a 1-for-4 ratio.
After soaring more than 90% in the early trading session, the stock price of Jingwei Textile Machinery (02940) plunged by over 18% at one point. As of the time of publication, it was down 12.44% at 6.09 Hong Kong dollars, with a trading volume of 8.19 billion Hong Kong dollars.
WELLCELL HOLD (02940) surged more than 90% in early trading before falling back, with the stock price dropping more than 18% at one point. As of the time of writing, it was down 12.44% at HK$6.09, with a trading volume of HK$8.19 billion.
On the news front, WELLCELL HOLD previously announced a specific timetable for its share split. The company will implement a one-for-four share split, meaning each existing share will be split into four new shares to adjust its share price and liquidity. The share split is expected to take effect on April 21, 2026, with the split shares trading on the Stock Exchange on the same day. This share split will involve the introduction of a temporary share code 02940 to facilitate parallel trading.
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