---
title: "Hong Kong Stock Movement: KELFRED plummets 10.67% after resuming trading, with equity changes causing market turbulence"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/267099399.md"
description: "KELFRED fell 10.67%; Weigao Group fell 0.75%, with a transaction amount reaching HKD 11.31 million; Kangnai Optical rose 1.44%, with a transaction amount reaching HKD 11.16 million; Huakang Biomedical plummeted 21.57%, with a transaction amount reaching HKD 1.54 million; China National Nuclear Corporation fell 0.47%, with a market value of HKD 6.73 billion"
datetime: "2025-11-24T02:12:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/267099399.md)
  - [en](https://longbridge.com/en/news/267099399.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/267099399.md)
---

# Hong Kong Stock Movement: KELFRED plummets 10.67% after resuming trading, with equity changes causing market turbulence

**Hong Kong Stock Movement**

KELFRED fell by 10.67%. Based on recent key news:

1.  On November 21, KELFRED's stock price fluctuated significantly after resuming trading. The company's controlling shareholder is in discussions with potential buyers regarding the sale of shares, involving 54.19% of the company's issued capital. This news has attracted market attention, leading to stock price volatility.
    
2.  On November 21, KELFRED's stock price rose by as much as 35.38% after resuming trading. The market has expectations for a potential comprehensive offer from buyers, driving the stock price up significantly in the short term.
    
3.  On November 21, KELFRED's trading volume reached HKD 2.8626 million after resuming trading. The active trading reflects the market's high attention to the company's equity changes, further exacerbating stock price fluctuations. The household light industry has seen significant volatility recently.
    

**Stocks with High Trading Volume in the Industry**

Weigao Group fell by 0.75%. Based on recent key news:

1.  On November 21, Weigao Group announced the repurchase of 348,400 shares, costing approximately HKD 1.8321 million. This move aims to enhance market confidence, but the stock price still fell by 0.93%, with trading volume significantly increasing to 18.5026 million shares. Source: Zhitong Finance
    
2.  On November 21, investment banks primarily rated Weigao Group as "buy," with a target average price of HKD 7.03. Zhongtai International gave a "buy" rating with a target price of HKD 5.94, indicating a positive market outlook for its future performance. Source: Zhitong Finance
    
3.  No other significant news recently. The medical device industry is experiencing increased volatility and requires attention.
    

Kangnai Optical rose by 1.44%, with a trading volume of HKD 11.16 million, and there has been no significant news recently. Trading is active, with clear capital flow. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation.

Huakang Biomedical fell sharply by 21.57%, with a trading volume of HKD 1.54 million, and there has been no significant news recently. Trading is active, with clear capital flow. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation.

**Stocks with High Market Capitalization in the Industry**

China Tongfu fell by 0.47%, with a market capitalization of HKD 6.73 billion, and there has been no significant news recently. Trading is active, with clear capital flow. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation

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