EAST BUY (01797.HK) Cascades 5% to Dip Below 250MA

Despite Daiwa recently raising its target price to $41, the share price of $EAST BUY (01797.HK)$ tumbled for the sixth day from its peak in more than five months and slumped below the 250MA today.

The stock last stood at $36.1, eroding by 5% and becoming the worst-performing $Hang Seng TECH Index (800700.HK)$ constituent stock. The trading volume was merely 9.78 million shares, with a turnover of $360 million.