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HK stocks anomaly: Topsports (06110) drop over 7%, with weak short-term revenue and pressure on offline customer flow.
Topsports (06110) fell more than 7%, as of press time, it fell 7.4%, at HKD 3.13, with a turnover of 24.4033 million HKD.
HK Stock News | Topsports (06110) drops over 9% in the afternoon, Citigroup takes a cautious attitude towards the growth prospects of sporting goods industry.
Topsports (06110) fell more than 9% in the afternoon. As of press time, it fell 9.2%, at HKD 3.16, with a turnover of HKD 61.3942 million.
Hong Kong stock abnormality | Today, sporting goods stocks have rebounded, and the Olympic economy continues to heat up, with China's sports brands accelerating their overseas expansion.
Sporting goods stocks rebounded today. As of press time, Topsports (06110) rose 3.73% to HKD 3.34; 361 Degrees (01361) rose 3.68% to HKD 3.38; Yue Yuen Ind (00551) rose 2.01% to HKD 12.2; Xtep Int'l (01368) rose 1.9% to HKD 4.82.
Private Equity Firms Among Topsports International Holdings Limited's (HKG:6110) Largest Stockholders and Were Hit After Last Week's 7.7% Price Drop
HK stocks are volatile | Sporting goods stocks are under pressure as Citigroup expects weak retail sales data in July and holds a cautious outlook for the industry's future.
Sporting goods stocks are generally under pressure. As of press time, Yue Yuen Ind (00551) fell 3.61% to HKD 12.3; Topsports (06110) fell 3.27% to HKD 3.17; Xtep Int'l (01368) fell 1.7% to HKD 3.62.
With the opening of the Paris Olympics imminent, the sporting goods sector as a whole is doing well. Topsports (06110) is up 3.11%.
Jingu Financial News | The overall performance of the sporting goods sector is good. Topsports (06110) rose 3.11%, 361 degrees (01361) rose 1.72%, Pou Sheng Int'l (03813) rose 1.67%, Li Ning (02331) rose 1.37%, Xtep Int'l (01368) and Anta Sports (02020) followed the trend. In terms of news, the opening ceremony of the 33rd Summer Olympics will be held on the Seine River at 7:30 pm local time on the 26th (1:30 am Beijing time on the 27th), officially opening the 2024 Paris Olympics. According to the announcement by the General Administration of Sport of China, Paris Olympics
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