Shandong Molong’s Gains in Hong Kong Stocks Expand to 100%

Shandong Molong’s stock price ​​doubled to HK$4.6​​ during Hong Kong trading, marking a ​​100% intraday gain​​. The dramatic rally follows the oil equipment maker’s recent ​​70% surge​​, driven by speculative buying amid rising crude oil prices and sector-wide momentum.

The extreme volatility highlights ​​retail investor enthusiasm for small-cap energy stocks​​, though fundamental drivers remain unclear. Traders should note the stock’s ​​thin liquidity and high risk​​, as such moves often attract regulatory scrutiny.

With oil prices stabilizing near multi-month highs, Shandong Molong’s trajectory may depend on whether ​​broader energy stocks sustain their uptrend​​. However, profit-taking risks loom after the parabolic rise.

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