Hanergy: The 10-minute trade and unusual trading patterns over the past two years

http://www.ft.com/intl/cms/s/0/9e87ba44-d20e-11e4-a1a0-00144feab7de.html#axzz3VMdmNnHz

March 24, 2015 10:00 pm

Hanergy: The 10-minute trade

Miles Johnson and Gavin Jackson

FT analysis highlights unusual trading patterns over the past two years

HanergyHanergy_HFT

For the past two years, 3.50pm in Hong Kong has been a golden moment in the soaring fortunes of Hanergy Thin Film Power Group, the $35.5bn solar company that has transformed its owner into China’s richest man. A Financial Times analysis of two years of trading data of Hanergy Thin Film stock — more than 800,000 individual trades on the Hong Kong Stock Exchange — shows that shares consistently surged late in the day, about 10 minutes before the exchange’s close, from the start of 2013 until February this year. Continue reading

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