What caused the 9689.HK stock volume spike today?

The spike was driven by a large block of trades that pushed **77,400,000** shares through. Heavy buying above **HK$0.55** produced momentum. No public earnings release was posted, so trade flow and liquidity demand appear to be the primary drivers.

How should I interpret Meyka AI's forecast for 9689.HK stock?

Meyka AI's forecast model projects **HK$0.84** (monthly) and **HK$1.75** (quarterly). These are statistical model outputs, not guarantees. Use them with risk management, as small-cap energy stocks can move sharply on volume events.

Is 9689.HK stock fairly valued after the move?

Valuation is mixed: price-to-sales **0.32** and price-to-book **1.17** suggest value, while EPS timing creates a quoted negative PE. Check cash flow yields and balance sheet strength before positioning.

What short-term signals should traders watch for 9689.HK stock?

Watch follow-through volume, whether daily turnover stays above average, and price holding above **HK$0.50–0.55** support. A drop back below the 50-day average (**HK$0.41**) would weaken the short-term case.

HK Stocks

9689.HK stock jumps 11.11% on HKSE (Market closed): volume spike flags liquidity

ByHuzaifa Zahoor February 4, 2026February 4, 2026

A heavy intraday volume spike pushed 9689.HK stock to HK$0.60, up 11.11%, as the Hong Kong market closed on 04 Feb 2026. Trading hit a day high of HK$0.66 and a low of HK$0.50 on unusually large turnover of 77,400,000 shares versus an average of 1,013,774 shares. The move occurred on the HKSE and sent market-cap estimates to about HK$558,000,000.00. We examine what the spike means for liquidity, valuation, and short-term price forecasts using company metrics and sector context.