STOCKS | Haidilao Rises 3% As It Breaks Above 50-Day Moving Average

Haidilao (06862) rose as much as 3.1% to HK$11.72, moving above its 50-day moving average of HK$11.456, according to ETNet. The stock was last up 2.99% at HK$11.71, after trading between HK$11.40 and HK$11.72. Turnover reached 3.7661 million shares worth HK$43.7 million, with an active buy-sell ratio of 81:19 and net active buying of HK$25.85 million. UBS was the largest net passive buyer at HK$739,900, while Daiwa Capital Markets Hong Kong was the largest net passive seller at HK$4.4711 million. The Hang Seng Index was up 539 points, or 2.1%, at 25,752.