---
title: "Hong Kong stock movement: CHINA CBM plummets 20.63%, with no news support, is capital flow causing market fluctuations?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/271298061.md"
description: "China Coalbed Methane fell 20.63%; China National Offshore Oil Corporation rose 2.25%, with a transaction amount of HKD 173 million; United Energy Group rose 2.27%, with a transaction amount of HKD 2.24 million; Sinopec rose 0.55%, with a transaction amount of HKD 562,500; China Energy Holdings' market value reached HKD 707 million"
datetime: "2026-01-02T03:01:39.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/271298061.md)
  - [en](https://longbridge.com/en/news/271298061.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/271298061.md)
---

# Hong Kong stock movement: CHINA CBM plummets 20.63%, with no news support, is capital flow causing market fluctuations?

**Hong Kong Stock Movement**

China Coalbed Methane fell 20.63%, with no significant news recently. Trading is active, and capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation.

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

CNOOC rose 2.25%. Based on recent key news:

1.  On December 30, CNOOC announced that the cumulative production of oil and gas equivalent from the offshore gas field group around Hainan Island will exceed 10 million tons by 2025, setting a historical record. This news indicates a significant increase in the company's production capacity, driving the stock price up. Data source: Xinhua News Agency.
    
2.  On December 30, Jinshi Data reported that the "Deep Sea No. 1" Phase II has been fully put into production, effectively boosting the overall capacity of the gas field group, further expanding the scale of natural gas production clusters and enhancing market confidence in the company's future growth. Data source: Jinshi Data.
    
3.  On December 30, Huigang Communications reported that CNOOC collaborated with CBL International Limited to complete the first liquefied natural gas refueling at Xiaomo Port in Shenzhen, marking the company's strategic expansion in the sustainable fuel supply sector and enhancing market recognition of the company's innovation capabilities. Data source: Huigang Communications. The energy industry has performed strongly recently, with attention to policy changes.
    

United Energy Group rose 2.27%, with a trading volume of HKD 2.24 million, and no significant news recently. Trading is active, and capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation.

Zhonggang Petroleum rose 0.55%, with a trading volume of HKD 562,500, and no significant news recently. Trading is active, and capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation.

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

Zhongneng Holdings has a market capitalization of HKD 707 million, with no significant news recently. Trading is active, and capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation

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- [08270.HK](https://longbridge.com/en/quote/08270.HK.md)

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