BiyaPay analyst: HashKey new stock enthusiasm cools, continuous decline after listing

TechFlow news, December 21 — Share price volatility intensified for HashKey Holdings (03887) on the Hong Kong stock exchange following its listing, with temporary weakness and consecutive pullbacks during trading; On 12/19, the share price closed at HK$5.81, up 3.2% intraday, rebounding from the previous close of HK$5.63, yet still significantly below the IPO price of HK$6.68.
BiyaPay analyst commentary: Intense capital speculation typically occurs in the early stages of new listings, leading to wide spreads and high volatility. Investors are advised to monitor trading volume and news developments, participate gradually, set take-profit and stop-loss levels, and avoid chasing rising or falling prices. BiyaPay supports Hong Kong stock trading and enables USDT-denominated trading of U.S. stocks, Hong Kong stocks, and futures, while also offering zero-fee cryptocurrency spot and derivatives contracts, facilitating flexible multi-asset allocation and risk management.