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AMTD Digital Shares Soar in Move Reminiscent of Wild Trading Debut

  • Volatile ride on Wednesday triggered multiple trading halts
  • The sudden rally added $27 billion in AMTD’s market value
Updated on

The Hong Kong-based financial services firm that soared more than 32,000% following its initial public offering in July just saw another wave of mysterious frenzied buying.

US-listed shares of AMTD Digital Inc. soared a record 312% on Wednesday, triggering multiple volatility-related trading halts along the way. The move came alongside a flurry of buying activity, with roughly 1.5 million shares trading hands, more than 5,500% higher than its daily average over the last 10 days. On paper, the surge added nearly $27 billion in market value to the stock.