1293.HK Grand Baoxin down 35.82% to HKD 0.09 on 02 Feb 2026: oversold bounce

The 1293.HK stock (Grand Baoxin Auto Group Limited, HKSE) plunged -35.82% intraday to HKD 0.086 on 02 Feb 2026, driven by heavy selling and a surge in turnover. Volume hit 9,008,500 shares versus an average of 1,011,683, a near 9.00x jump. The move left the share well below its 50-day and 200-day averages near HKD 0.15, creating a classic oversold bounce setup for short-term traders and value seekers in Hong Kong’s consumer cyclical space.