Morning Trend | XXF Group experiences a volume contraction during trading, can low-priced stocks bring new vitality to the themes?

On January 12th, XXF (2473.HK) experienced a weak trading day with reduced volume, in line with the recent trend of small-cap stocks losing momentum collectively. There was a divergence among the main players in the market, and short-term sentiment dropped significantly, leading to a new low in trading volume. With no new orders, no business breakthroughs, and a decrease in thematic heat; the stock price fluctuated in the range of 1.14-1.30, with operations primarily focused on existing stock games. The technical indicators MACD and trading volume both suppressed rebounds, making it difficult to see any improvement in short-term momentum. The market is highly concerned about the liquidity of small stocks and short-term stimuli, with operational funds remaining cautious. Theoretically, if low-priced stocks start to rally strongly, it could ignite overall sentiment, but without substantial incremental catalysts, the activity level in the sector is hard to rise. Only with favorable policies, sudden large orders, or news of industry mergers and acquisitions can the market see short-term impacts; otherwise, it will continue to grind at the bottom. Practical advice: control positions to avoid passive declines, and pay attention to sudden volume spikes and event-driven opportunities. Short-term trading should rely on thematic events, and stocks with low liquidity or no news should be avoided to mitigate the risk of sudden "flash crashes."