Key Highlights

  • Five financial stocks are trading between 15.41% and 29.14% lower on Thursday, October 29, 2026.
  • Averaged together, the five declines come to 20.14% (calculated), and 13.73 points separate the steepest from the mildest.
  • One name is falling in its first session after a 1-for-200 reverse split, and another after a smaller third-quarter profit.
  • Three of the five have no dated company release on the day of the move.
  • Share prices across the group run from $0.1697 to $13.91.

Which Financial Stocks Are Falling on October 29, and What Is Behind It?

Solowin Holdings (NASDAQ:AXG) is trading 29.14% lower at $4.03 in its first session following a 1-for-200 reverse split. Magic Empire Global (NASDAQ:MEGL) is down 21.44% at $0.1697 with no new release. GBank Financial Holdings (NASDAQ:GBFH) is down 18.46% at $13.91 after a smaller third-quarter profit. Melar Acquisition I (NASDAQ:MACI) is down 16.27% at USD 7.05, a week after shareholders approved its Everli merger, and Chaince Digital Holdings (NASDAQ:CD) is down 15.41% at $7.74 with no dated release.

Positions in the ranking follow the size of the percentage drop on Thursday, October 29, 2026. Every move is measured from its own implied prior close, and prices vary widely, so the order reflects percentage change alone and says nothing about dollar change or trading volume.

1. Solowin Holdings: What Drove the 29.14% Slide After the 1-for-200 Reverse Split?

Solowin trades at $4.03, down from an implied prior close of roughly $5.69 (calculated). The session is the first since a 1-for-200 reverse split announced on Tuesday, October 27, 2026. The announcement says nothing about how the price reacted, so tying the split to the drop is an inference.

The count of Class A shares went from 201,529,461 to about 1,007,648. For the year ended March 31, 2026, the company posted revenue of $28.05 million, up about 895%, alongside a net loss of $13.29 million. Its AXG Digital unit is aiming for more than 100 MW of AI-ready data centre capacity by 2028.

2. Magic Empire Global: Why Is the Penny Stock Off 21.44% After the Timber Letter of Intent?

Magic Empire Global trades at $0.1697, down from an implied prior close of about $0.2160 (calculated). No fresh release came with the drop, which follows an October 27 announcement of a timber supply letter of intent aiming for $500 million of cumulative trade across five years. The Hong Kong firm, which offers corporate finance advisory and IPO sponsorship, stated that the target does not guarantee performance.

The current price sits about 84.8% under the $1.12 unit price of a September 28 offering (calculated), which sold 2,678,572 units for roughly $3 million gross. Net operating cash outflow in 2025 was HKD 6,781,871, and the annual report notes a share consolidation could be required to satisfy the Nasdaq minimum bid price. No new deficiency notice is described.

3. GBank Financial Holdings: What Pushed Shares 18.46% Lower After Third-Quarter Results?

GBank trades at $13.91, down from an implied prior close of about $17.06 (calculated). Third-quarter net income came to $3.9 million, or $0.27 per diluted share, compared with $5.5 million and $0.38 in the second quarter. Net interchange fees fell 84.6% to $0.3 million once several large sports betting operators ceased using credit cards for funding. GBank is a Las Vegas bank holding company with two branches.

Net interest margin improved to 3.95% from 3.78%, yet non-performing assets stood at $54.2 million, or 3.72% of total assets. Stockholders' equity reached $175.4 million, or $12.08 per share, which puts the price near 1.15 times book value (calculated).

4. Melar Acquisition I: Why Is the Stock Off 16.27% Even After Merger Approval?

Melar trades at USD 7.05, down from an implied prior close of roughly USD 8.42 (calculated). No company release dated October 29 came with the drop. On Thursday, October 22, 2026, shareholders of the Cayman Islands special purpose acquisition company approved the business combination with Everli Global, an Italian e-grocery marketplace valued at $180 million when the deal was signed.

A news summary says holders of 3,852,564 Class A shares redeemed before the vote, although the company's own release gives no redemption numbers. Shares change hands about 29.5% under the USD 10.00 unit price (calculated). Everli posted 900,000 completed orders and $81 million of gross transaction volume for 2024.

5. Chaince Digital Holdings: Why Are Shares Off 15.41% Without a Dated Release?

Chaince Digital trades at $7.74, down from an implied prior close of about $9.15 (calculated). No dated release came with the move. The New York company, previously called Mercurity Fintech Holding, offers advisory, private placement, brokerage and escrow services and is developing a tokenized finance product.

Revenue for the first half of 2026 was roughly $971,000, up 275%, with a single customer accounting for 55%, and the net loss was about $2.5 million. An August registered direct offering brought in approximately $16.2 million, and cash was around $31 million on June 30, 2026. Market capitalization was close to $352 million at the latest reading.

Financial Fallers Side by Side: How Wide Is the Gap Between the Five Declines?

Solowin's 29.14% drop is 13.73 percentage points steeper than Chaince Digital's 15.41%, the mildest of the group (calculated). It is also 7.70 points steeper than Magic Empire Global's, while Melar's 16.27% fall is 5.17 points smaller than Magic Empire's 21.44% (both calculated). The simple average of the five declines is 20.14% (calculated).

In price terms, Solowin at $4.03 is about 23.7 times Magic Empire's $0.1697 (calculated). GBank's implied slide from $17.06 to $13.91 amounts to $3.15 per share (calculated). Against reference prices in their own filings, Magic Empire sits roughly 84.8% under its offering price and Melar roughly 29.5% under its unit price, a difference of 55.3 percentage points (calculated).

What to Watch Next: BoltBetz Rollout, Everli Closing and Post-Split Trading

GBank plans a BoltBetz rollout at three sites in early November, an integration due by the end of 2026 and a LuckyLoads prepaid card expected in the second quarter of 2027. Melar expects to complete the Everli combination promptly and will file a Form 8-K with the full voting results. Chaince Digital's next update covers the period ended September 30, 2026, while Magic Empire put out interim results on October 30 in 2024, and Solowin's coming sessions will show how the market prices about 1,007,648 Class A shares.