Pop Mart shares surge over 10% to record high on Hong Kong exchange, surpassing HKD 190

Pop Mart shares surge over 10% to record high on Hong Kong exchange, surpassing HKD 190

Pop Mart International Group Limited (9992.HK) shares have surged over 10% to a record high on the Hong Kong exchange, surpassing HKD 190. The stock price climbed from HK$172.30 to HK$190.00 on Friday, April 25, 2025, marking a significant increase of 10.33% in a single day.

The stock's performance was driven by a mix of short-term and long-term signals, according to trading analysis tools. The stock price has been in a strong rising trend, with the price rising in 8 out of the last 10 days and a 25.22% increase over the past two weeks. The stock is expected to rise by 75.75% during the next three months, with a 90% probability of holding a price between HK$251.47 and HK$318.90 at the end of this period [2].

The stock's volatility has been high, with daily average volatility of 7.59% over the last week. The stock is considered high risk due to its large prediction interval from the Bollinger Band. The recommended stop-loss is at HK$164.43, indicating a 4.57% decrease from the current price [2].

Pop Mart International Group Limited is a retail brokerage that focuses on the digital brokerage sector. The company's recent expansion and strategic investments have contributed to its strong performance. In April 2025, Ant Group agreed to buy a controlling stake in Bright Smart Securities & Commodities Group, a Hong Kong-listed brokerage, for HK$2.81 billion ($362 million) [3].

The stock's performance is expected to continue its upward trajectory, with the predicted fair opening price on April 28, 2025, being HK$175.43 [2]. However, the stock is closer to the resistance level at HK$175.90 than the support level at HK$153.70, making the trading risk/reward intra-day unattractive [2].

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L4N3R600M:0-two-hong-kong-listings-to-raise-up-to-270-million-launch-on-monday/
[2] https://stockinvest.us/stock/9992.HK
[3] https://www.bloomberg.com/news/articles/2025-04-25/ant-group-to-take-control-of-hong-kong-retail-broker-for-362m