Bull&Bear | Agora Leads Bullish Surge with 79.64% Gain; AGBA and ZenaTech Face Steep Declines

In the bullish stock sector, the performance was notable this week with some significant gains. Agora (API) surged by 79.64%, marking its ninth consecutive day of gains and an impressive increase of 150.76% over nine days. This substantial jump in Agora's stock price represents a record-breaking rise driven by strong data discussions.

Meanwhile, Zhongyang Financial Group (TOP) witnessed a 61.58% increase. The People's Bank of China recently announced that it would accelerate the implementation of financial increment policy measures, with each policy to be systematically applied. This strategic move may positively impact Zhongyang Financial Group by boosting market liquidity and enhancing the growth outlook for the financial sector.

NetEase Youdao (DAO) experienced a rise of 37.73%, maintaining an upward trajectory for five consecutive days, and achieving an 84.21% growth over the past five days. This surge benefited both the publicly-listed company holding a 57% stake and its insiders, who enjoyed simultaneous gains.

Quantum Song Group (QSG) appreciated by 29.63%, continuing its upward trend for three days with an overall increase of 109.24% during this period. The announcement of a special dividend of $0.201 per share by Quantum Song Group is a key driver behind this robust performance.

In contrast, AGBA Group Holding (AGBA) saw a significant decline of 33.18%, marking two consecutive days of losses, with a total decrease of 37.13% over the two days. After receiving new Nasdaq listing approval for Triller Group Inc., AGBA Group Holding announced a merger that involves re-establishing in Delaware and approving forward and reverse stock splits.

Conversely, in the bearish stock sector, several companies faced challenges. ZenaTech (ZENA) plummeted by 27.84% over two consecutive days and a combined 36.50% in the last two days. The release of its 2024 fiscal year audited report fell short of expectations, unsettling investor confidence.

Huapu Group (HPH) dropped by 15.00% following announcements of changes in the company's board members, affecting investor sentiment negatively. Laser Photonics (LASE) also experienced a decline of 12.83% over two days, totaling a 23.79% drop. A short-sell report by Capybara Research contributed significantly to the downward pressure on Laser Photonics’ stock.

Resources Connection (RGP) decreased by 11.83% after Morgan Stanley reduced its target price from $11 to $9.5. This downgrade exacerbated the company's stock performance, leading to consecutive days of losses. Furthermore, Humana (HUM) fell by 11.79%, with a cumulative three-day decline of 22.87%, following a ratings downgrade by Bank of America Merrill Lynch due to delayed profit recovery.