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Hong Kong stock market anomaly | Dining stocks generally fell in early trading, with the growth rate of dining income in the third quarter falling compared to the previous quarter. Institutions say industry competition is intensifying and differentiating.
Dining stocks fell across the board in the morning session. As of the time of publication, Café de Coral H (09869) fell by 7.01%, to HK$2.92; jiumaojiu (09922) fell by 6.39%, to HK$3.81; xiabuxiabu (00520) fell by 4.35%, to HK$1.1; Cafe de Coral H (00341) fell by 2.86%, to HK$7.47.
Express News | Dining sector experiences a significant surge in the Hong Kong market, with JIUMAOJIU climbing 12% and HELENS jumping 10%.
HK Stock Market News | Dining sector showing strong upward movement. The Ministry of Commerce will introduce a new set of policies in the consumer sector, benefiting both fundamentally and emotionally.
Dining stocks surged, as of the time of publication, Helen's (09869) rose by 16.04% to HK$3.4; jiumaojiu (09922) rose by 12.98% to HK$4.09; xiabuxiabu (00520) rose by 9.17% to HK$1.19; haidilao (06862) rose by 6.46% to HK$17.46.
Dining stocks surged in the short term. Helen Group (09869) rose by 20.52%. The Ministry of Commerce stated that new policies in the consumer sector will be introduced.
Jingu Wealth News | Short-term surge in dining stocks, as of press time, Helen's Company (09869) rose by 20.52%, Xiabuxiabu (00520) rose by 6%, Best Food Hldg (01488) rose by 5.26%, Tang Palace China (01181) rose by 4%, Jiumaojiu (09922) rose by 3.27%. On the news front, Sheng Qiuping, Deputy Minister of Commerce, said that the Ministry of Commerce will work with relevant departments to introduce a batch of new policies in the consumer sector. For example, it will soon study and introduce policies to promote the first launch economy, promote the high-quality development of the wholesale and retail trade, and support the pilot of modern commercial circulation systems in 20 cities including shanghai and tianjin.
Hong Kong stocks fluctuate | Dining stocks strengthen in the afternoon, xiabuxiabu (00520) surged more than 11% at one point, incremental policies are expected to help improve consumer expectations
Dining stocks rallied in the afternoon. As of the time of publication, xiabuxiabu (00520) rose by 9.38%, closing at 1.05 Hong Kong dollars; jiumaojiu (09922) rose by 7.76%, closing at 3.47 Hong Kong dollars; Helen's (09869) rose by 6.05%, closing at 2.28 Hong Kong dollars.
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