What caused the 24.51% intraday drop in 6128.HK stock?

The decline on 09 Feb 2026 followed heavy selling and high volume of 83.78M shares. Market participants flagged weak cash conversion, high receivables and liquidity-driven selling rather than a single corporate announcement.

What are the immediate support and resistance levels for 6128.HK stock?

Immediate support is the year low at HK$0.07. Near-term resistance includes the 50-day average at HK$0.25 and the 200-day average at HK$0.24. Watch volume for conviction on any reversal.

How does Meyka AI rate 6128.HK and what does the model forecast?

Meyka AI rates 6128.HK **57.58 out of 100**, Grade C+, suggestion HOLD. Meyka AI's forecast model projects a yearly level of HK$0.34. Forecasts are model-based projections and not guarantees.

Is 6128.HK stock a buy after this dip?

Given weak cash flow metrics, long DSO and negative operating margins, the stock carries elevated risk. Investors should wait for improved receivables collection and clearer revenue recovery before buying.

HK Stocks

09 Feb 2026 Intraday: 6128.HK Graphex Group HKSE -24.51% to HK$0.077 on 83.78M vol: watch support

ByHuzaifa Zahoor February 9, 2026February 9, 2026

The 6128.HK stock dropped 24.51% intraday on 09 Feb 2026, sliding to HK$0.077 on unusually heavy volume of 83,780,000 shares. This move puts Graphex Group Limited (6128.HK) on the top losers list on the HKSE as the price tests its year low of HK$0.07. Investors cited weak near-term sentiment and outsized selling against a low float. We examine drivers, valuation, technical levels and model forecasts to show where risk and recovery could lie.