0346.HK Yanchang Petroleum HKSE jumps 56.63% to HK$0.65 on 03 Mar 2026: watch HK$0.78 resistance

A sharp intraday volume spike pushed 0346.HK stock (Yanchang Petroleum International Limited, HKSE) to HK$0.65 on 03 Mar 2026, up 56.63% from yesterday. Volume reached 18,647,500 shares versus an average of 250,000, giving a relative volume of 145.76. The move tested intraday highs near HK$0.78 and closed well above the 50-day average of HK$0.39. We cover why the surge matters for traders, how fundamentals hold up, and where short-term targets and risks lie for this Hong Kong energy name.