STOCKS | MiniMax Surges 15% To Break Above 50-Day Line

MiniMax (00100) rose as much as 15.2% to HK$346 and broke above its 50-day moving average of HK$308.882, according to ETNet. The stock hit a high of HK$346.4 and a low of HK$296, with turnover of 14.82 million shares worth HK$4.787 billion. The active buy-sell ratio was 63:37, with net active buying of HK$1.245 billion. Morgan Stanley was the largest net passive buyer at HK$103 million, while China Investment Information was the largest net passive seller at HK$283 million. The Hang Seng Tech Index was down 0.3% at 4,591.