New York, Jan 31, 2026, 08:53 (EST) — Market closed.
- Shares ended Friday’s session at $133.12 following a sharp rally, before pulling back in after-hours trading.
- Exchange data highlighted volatility pauses in the stock amid Friday’s surge.
- U.S. markets are closed for the weekend, so traders are eyeing Monday for follow-through, additional halts, and any fresh company updates.
Phoenix Asia Holdings Limited (PHOE) shares ended Friday at $133.12, soaring 997.4%, before slipping to $49.00 in after-hours trading, data from Stock Analysis shows. Roughly 124,000 shares changed hands during the regular session, giving the Nasdaq-listed microcap a market cap near $2.9 billion heading into the weekend. (StockAnalysis)
The size of the move isn’t as important as the setup. U.S. markets are closed Saturday, yet Monday’s open often proves tricky when a lightly traded stock has already demonstrated sharp swings within minutes.
Nasdaq’s trading-halt log recorded a limit up-limit down pause for Phoenix Asia on Friday morning. It started at 10:22:53 a.m. Eastern and lasted exactly five minutes, according to the log. (NASDAQ Trader)
Limit up-limit down, known as LULD, acts as a volatility control that can pause trading when prices stray beyond certain limits. On Nasdaq, the halt code “LUDP” identifies this as a volatility trading pause. (NASDAQ Trader)
According to Investing.com data, the stock climbed to a record peak, gaining 120.99 points to close at $133.12. The day’s trading ranged from $12.35 up to $133.12, compared with a prior close of $12.13. (Investing)
The surge happened despite no clear headline tied to company news. In microcap stocks, liquidity often vanishes fast, letting just a few trades send prices careening well beyond their starting point.
Based in Hong Kong, Phoenix Asia offers substructure services like site formation, ground investigation, and foundation works, according to its company profile. (Reuters)
According to a Nasdaq notice, the company went public on Nasdaq’s Capital Market in April 2025, offering 1.6 million shares priced at $4 apiece in its IPO. (Nasdaq)
Yet the after-hours drop highlights the danger. Stocks with big percentage jumps on light volume can reverse just as quickly, especially with wide bid-ask spreads and more volatility halts if prices gap.
Markets reopen Monday, Feb. 2. Traders will be watching to see if Phoenix Asia can maintain any of Friday’s gains, and if an exchange notice or company statement appears explaining the price moves.
