Core Viewpoint - The Hong Kong stock market has seen extreme gains in micro-cap stocks, with notable examples including Elephant Holdings Group, which surged by 6852.38%, highlighting a phenomenon of "survivorship bias" in the market [1]. Group 1: Stock Performance - Elephant Holdings Group (08635) experienced a price increase of 23.73% with a year-to-date gain of 6852.38% [1] - Base Champion Group (08460) saw a 4.63% rise, accumulating a year-to-date increase of 4164.15% [1] - Other significant gainers include Guangdong-Hong Kong Holdings (01396) with a 3305.59% increase, and Junyu Foundation (01757) with a 2665.77% rise [1] Group 2: Market Characteristics - The extreme percentage gains are attributed to a very low base price at the beginning of the year, allowing small amounts of capital to double stock prices, resulting in inflated percentage increases [2] - The price increases are primarily driven by trading factors such as speculative news, technical short squeezes, and concentrated shareholding rather than fundamental performance [2] - These stocks carry high risks due to low liquidity, making them susceptible to sharp declines after rapid increases, and the lack of transparency complicates investment decisions for ordinary investors [2]
港股25年收官：细价股引领涨跌幅榜，其中大象控股集团暴涨6852.38%高居首位