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Hong Kong stocks unusual | Cement stocks rose in midday trading, cr bldg mat tec (01313) rose more than 5% again, cement welcomed the first upward adjustment in the second half of the year.
Cement stocks rose in early trading. As of the time of writing, CR Building Materials Technology (01313) rose 5.56%, to HKD 1.52; Conch Cement (00914) rose 3.37%, to HKD 19.62; China National Building Material (03323) rose 2.78%, to HKD 2.97; and West China Cement (02233) rose 1.89%, to HKD 1.08.
HK stocks surge | Cement stocks collectively rise, with CR Building Materials Technology (01313) up more than 5%, continuing staggered production expected to support cement prices.
Cement stocks rose collectively. As of the time of publication, Dongwu Cement (00695) rose 5.63%, closing at HKD 1.69; CR Building Materials Technology (01313) rose 5.07%, closing at HKD 1.45; West China Cement (02233) rose 4.85%, closing at HKD 1.08.
HK Stocks News | Conch Cement (00914) falls more than 3%, leading the decline in cement stocks. Lack of demand support during the off-season and a significant slowdown in the upward trend of cement prices.
Zhongtong Caijing APP learned that cement stocks generally fell. As of press time, Conch Cement (00914) fell 3.27% to HKD18.36, CR Building Materials Technology (01313) fell 2.78% to HKD1.4, CNBM (03323) fell 2.13% to HKD2.75, and Huaxin Cement (06655) fell 1.64% to HKD7.82. On the news front, downstream demand for building materials has been weak this year, and the national cement average price has dropped 17.56% year-on-year from January to May 2024. Debon Securities said that although cement prices in the country are still rising, the momentum of the rise has clearly slowed down.
CICC: The price increase in the two Guangdong provinces is expected to lead to further success. The profit expectation of the building materials sector is trending positively.
According to Zhuochuang, local cement companies in Guangdong are still able to make shipments, and leading companies still intend to raise prices to reduce losses. They plan to push for the second round of price increases for cement in the Pearl River Delta on June 26th.
These 4 Measures Indicate That Anhui Conch Cement (HKG:914) Is Using Debt Reasonably Well
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HK stocks unusual | Conch Venture (00586) rose more than 6% in early trading, Conch Cement profit bottoming out plus main business providing cash flow, the company is expected to welcome revaluation of its value.
Conch Venture (00586) rose more than 6% in early trading. As of press time, it has risen by 5.1%, to HKD 6.59, with a trading volume of 66.7157 million Hong Kong dollars.
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