Stocks feel the highs and lows

The share prices of brokerages listed in Hong Kong and Shanghai fluctuated widely on Tuesday, after hitting record levels on Monday, on profit-taking from the ongoing rally.

Hong Kong-listed Emperor Capital Group Ltd's share price, for instance, almost doubled on Monday from HK$0.56 (7.2 cents) to HK$1.09, but it slumped 9.17 percent on Tuesday to HK$0.99. CITIC Securities Co sank 7.56 percent on Tuesday, after it had rallied 12.79 percent on Monday. And Hong Kong-listed Haitong Securities Co tumbled 11.97 percent after it had rocketed 16.01 percent on Monday.

Brokerage listings in Shanghai, on the other hand, soared 10 percent, the maximum allowed on the A-share market. Shanghai-listed Southwest Securities Co Ltd gained 10 percent to 14.03 yuan ($2.27) per share on Tuesday.