1428.HK Bright Smart HK$15.38 on heavy volume at HKSE 17 Mar 2026: Ant deal

1428.HK stock surged to HK$15.38 intraday on 17 Mar 2026, driven by record volume and takeover headlines. Volume hit 375,213,193 shares, versus an average of 18,604,347 shares, marking a strong high-volume mover on the HKSE in Hong Kong. The spike follows Reuters reporting that Ant Group cleared approvals to acquire a controlling stake in Bright Smart. Traders should weigh the deal news against a stretched valuation and thin free cash flow metrics.