Why did 2349.HK stock spike pre-market today?

2349.HK stock rose on 24 Feb 2026 due to heavy volume and short-term momentum. The move pushed price above the 50-day and 200-day averages; no single public filing explains the spike immediately, so traders cite liquidity and speculative flows.

What are the main financial risks for 2349.HK?

Major risks include a negative EPS of **-0.02**, weak operating margins and a current ratio of **0.52**, which point to short-term liquidity pressure and refinancing risk for China City Infrastructure.

What price targets and forecasts exist for 2349.HK?

Meyka AI's forecast model projects monthly **HK$0.09**, quarterly **HK$0.07** and yearly **HK$0.06574**. These are model projections compared with the current price **HKD 0.167** and are not guarantees.

How should traders treat the current momentum in 2349.HK stock?

Short-term traders can consider momentum strategies toward the day and year high near **HK$0.20**, but should use tight stops because RSI and MFI signal overbought conditions and volatility is elevated.

HK Stocks

2349.HK China City Infrastructure HKSE +33.60% pre-mkt 24 Feb 2026: watch

ByHuzaifa Zahoor February 24, 2026

China City Infrastructure Group Limited (2349.HK) jumps 33.60% pre-market to HK$0.17 on 24 Feb 2026, driven by unusually heavy volume of 4,052,400 shares versus an average of 1,062,550. This rally pushes the stock well above its 50-day average of HK$0.08 and 200-day average of HK$0.07, showing strong short-term momentum for this Hong Kong (HKSE) listed property and hotel operator. Traders should note the high relative volume and overbought technicals even as fundamentals show mixed recovery signs.