SINO Land's hotel listing deal propelled the stock to a 17 per cent gain yesterday, making it the best performer of the day.
Analysts said retail investors flocked to the property counter, trading 9.8 million shares and pushing its share price up 80 cents to $5.45.
Investors were apparently keen to take advantage of a four-for-one share offering in Sino Hotels.
From the summer of 1990 to the end of last year the stock outperformed the Hang Seng Index by 22 per cent, rising 177 per cent in price terms and 239.5 per cent, including the dividend.
In the last six months the stock has under-performed the index by 18 per cent, falling 49 per cent in price terms.
Analysts were keen yesterday on the listing of the hotel deal announced on Tuesday night.