Hong Kong stock market anomaly | Sunshine Oil Sand (02012.HK) rises more than 35% and reaches a strategic cooperation agreement with Bitcruiser for the development of a bitcoin mining site.

date
15/09/2025
According to the Securities Times app, SUNSHINE OILSANDS (02012.HK) rose by over 35%, with a peak increase of over 50% in the morning session. As of the time of writing, it is up 35.35% to 0.67 Hong Kong dollars, with a trading volume of 9.9919 million Hong Kong dollars.
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In the morning session, the three major stock indexes in Hong Kong showed a trend of opening lower and then rising. The Hang Seng Tech Index led the gains with a 1.11% increase at midday, hitting a new high. The Hang Seng Index rose by 0.29% and the state-owned enterprise index rose by 0.34%, indicating continued bullish sentiment in the market. On the market front, large technology stocks, seen as market indicators, collectively rose, with Alibaba up by about 3%, NetEase and Xiaomi up by over 1%, and companies like Kuaishou, JD.com, Meituan, and Tencent also posting gains. However, Baidu fell by nearly 2%. Lithium battery stocks saw significant increases driven by multiple positive factors, causing Ningde Times to soar by over 7% and reach a new high. Ganfeng Lithium, AVIC Lithium, and BYD Company followed suit. The Ministry of Industry and Information Technology (MIIT) released a plan to stabilize growth in the automobile industry, while also announcing ongoing optimizations to consumer promotion policies. As a result, automotive stocks collectively rose, with NIO and Ideal Car leading the gains with over 5% increases. Biomedical stocks, coal stocks, brain-computer interface concept stocks, and semiconductor stocks showed mostly active performance. On the other hand, in August, national real estate development investment dropped by 12.9% year-on-year, with personal mortgage loans falling by 10.5%. Real estate stocks collectively weakened, while shares in the film and television industry, heavy machinery, catering, Chinese securities firms, and Macau gambling companies mostly underperformed.
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