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2 Major Optical Communication Stocks Break Ceiling on High Turnover; CIG Rockets 23%, YOFC Soars 17%
With the market awaiting developments in the geopolitical situation in Iran, the HSI last shed 325 points or 1.2% to 26,162 after midday today (22nd), with a turnover of $203.707 b...
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2 Major Optical Communication Stocks Break Ceiling on High Turnover; CIG Rockets 23%, YOFC Soars 17%
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With the market awaiting developments in the geopolitical situation in Iran, the HSI last shed 325 points or 1.2% to 26,162 after midday today (22nd), with a turnover of $203.707 billion.

Two major optical communication concept stocks were speculated against the market trend, both ranking among the top 10 most active Hong Kong stocks by turnover.

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CIG (06166.HK)  -8.400 (-5.426%)    Short selling $285.58M; Ratio 11.075%   opened 1.5% lower before hiking, and once ascended to an all-time high of $157.8 after midday. It rocketed 23.31% to last at $155, with 20.7474 million shares traded, involving $2.897 billion. CIG's A-shares closed up 6.8% at RMB172.18.

YOFC (06869.HK)  +17.400 (+8.294%)    Short selling $1.06B; Ratio 13.950%   opened 0.6% higher before its gain expanded, and peaked at $248, a historical high, after midday. The stock last printed at $247.4, soaring 17.25%, with 27.3965 million shares traded, involving $6.374 billion. Its A-share, YANGTZE OPTICAL FIBRE (601869.SH)  +32.260 (+8.706%)   , shot up 8% to close at RMB412.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-29 16:25.) (A Shares quote is delayed for at least 15 mins.)

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