China's AMTD Digital surges 500% in 2 days; shares on retail investors' radar

AMTD Digital

29/07/2022 19:05

** Shares of Chinese fintech AMTD Digital Inc  HKD.N  last
up 115.6% at $388.00 after multiple trading halts on Fri
    ** Shares hit session high of $467.16, up ~510% from Weds
close of $76.69
    ** HKD is #1 trending stock on retail investor focused
social media forum Stocktwits.com, with message volume up ~120%
    ** Shares closed at $16.21 on Jul 15 in their U.S. debut
after 16 mln ADS IPO priced at $7.80  urn:newsml:reuters.com:*:nL1N2YZ1HF
    ** Hong Kong-based firm was spun out of NYSE-listed AMTD
Idea Group  AMTD.N , which remains controlling shareholder with
~99% voting power

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))