Hong Kong stock movement: I.CENTURY HLDG rises 17.86%

Hong Kong Stock Movement

I.CENTURY HLDG rose 17.86% based on recent key news:

1. On September 24, I.CENTURY HLDG's stock price surged over 80% after resuming trading, and as of the time of writing, it rose 57.61%. Reports indicate that the offeror, San Ge Ping Guo Industrial Holdings, acquired 70% of the issued share capital and made a mandatory unconditional cash offer. This news triggered a strong market reaction, driving the stock price significantly higher.

2. On September 23, I.CENTURY HLDG and the offeror San Ge Ping Guo Industrial Holdings Group jointly announced that the offeror completed the acquisition of 280 million shares from Giant Treasure Development Limited, accounting for 70% of the company's issued share capital. This announcement further confirmed the acquisition news and boosted market confidence.

3. On September 24, I.CENTURY HLDG announced the resumption of trading, but investment banks showed low interest in the stock, with no ratings given in the past 90 days. The resumption news made market trading active, pushing the stock price up. It ranks 63rd in the apparel and home textile industry, with a market capitalization of HKD 73.6 million.

Stocks with High Trading Volume in the Industry

Anta Sports fell 2.32%. Based on recent important news:

1. On September 24, Anta Sports repurchased 2.003 million shares at a price between HKD 93.1 and 94.8, costing approximately HKD 188 million. This move aims to stabilize the stock price and enhance market confidence.

2. On September 23, Dongfang Securities released a report giving Anta Sports a "Buy" rating with a target price of HKD 114, expecting a sales rebound in the fourth quarter. This rating raised market expectations for the company's future performance.

3. On September 23, Anta Sports' brand "Arc'teryx" raised ecological concerns during an event in Tibet, which may exert short-term pressure on the stock price. The sports goods industry has favorable policies, and capital inflow is evident.

Lao Pu Gold fell 2.48%. Based on recent important news:

1. On September 23, Lao Pu Gold became a key brand in the competition for high-end malls, entering the first floor of Beijing SKP, marking a structural shift in the luxury goods market and driving stock price fluctuations. Source: News 1

2. On September 24, the company has entered 9 out of the top 10 domestic commercial centers, expanding its consumer base, increasing membership, and improving profitability, although the gross profit margin has declined due to rising gold prices. Source: News 3

3. On September 23, the trend of cultural consumption has made Lao Pu Gold an exception in the luxury goods market, attracting attention from high-end malls and increasing market competitiveness. Source: News 2 Fluctuations in gold prices affect profitability.

Li Ning fell 1.63%. Based on recent key news:

1. On September 23, Li Ning Group signed a cooperation agreement with Guizhou Province to promote the development of the textile industry and sports. This move may enhance market confidence in the Li Ning brand, but it has not significantly boosted the stock price in the short term. Data source: Viewpoint Network. Cooperation in the textile industry and sports Stocks Ranked Among the Top in Market Capitalization

Prada fell by 2.20%. According to recent key news:

1. On September 26, Prada attracted significant attention at the fashion show, particularly with the appearance of the K-pop group Enhypen, which sparked widespread media coverage and social media discussions. This exposure increased brand awareness but failed to directly drive up the stock price.

2. On September 25, market analysts advised investors to focus on five other stocks, with Prada not included in the recommendation list, which may have led to a decline in investor interest in Prada, affecting its stock performance.

3. On September 24, Prada's market capitalization reached HKD 115.9 billion. Despite the increase in market capitalization, the stock price still fell, indicating market concerns about its future growth. The Hong Kong market is volatile, with attention on fashion industry trends