--- title: "Hong Kong Stock Movement: RISECOMM GP fell 13.85%, with no significant news but showing volatility. What is driving the market sentiment?" type: "News" locale: "en" url: "https://longbridge.com/en/news/273661768.md" description: "RISECOMM GP fell 13.85%; Semiconductor Manufacturing International Corporation (SMIC) fell 3.46%, with a transaction volume of HKD 3.672 billion; JunDa Co., Ltd. fell 5.59%, with a transaction volume of HKD 2.503 billion; InnoCare Pharma fell 4.34%, with a transaction volume of HKD 2.375 billion; GigaDevice Semiconductor fell 2.34%, with a market value of HKD 214.9 billion" datetime: "2026-01-26T07:16:30.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/273661768.md) - [en](https://longbridge.com/en/news/273661768.md) - [zh-HK](https://longbridge.com/zh-HK/news/273661768.md) --- # Hong Kong Stock Movement: RISECOMM GP fell 13.85%, with no significant news but showing volatility. What is driving the market sentiment? **Hong Kong Stock Movement** RISECOMM GP, down 13.85%, with no significant news recently. Trading is active, and capital flows are 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** SMIC, down 3.46%. Based on recent key news: 1. On January 23, SMIC experienced large transactions involving over HKD 22.18 million. Such large trades typically reflect increased market attention on the stock, potentially leading to price volatility. Source: Zhitong Finance 2. The semiconductor industry is currently facing challenges from weak global demand, affecting SMIC's market performance. The overall decline in industry demand has weakened investor confidence in semiconductor companies. Source: Wall Street Insight 3. Analysts have lowered their earnings expectations for SMIC, predicting a slowdown in earnings growth over the next few quarters. This adjustment in expectations has further intensified the selling pressure on the stock. Source: Jinshi Data, weak demand in the semiconductor industry increases risks. Junda Co., Ltd., down 5.59%. Based on recent key news: 1. On January 23, Junda Co., Ltd. announced plans to place 18.682 million new H shares, raising funds for the research and development of space photovoltaic batteries and commercial aerospace investments. This move marks the company's strategic extension into the aerospace new energy sector, driving stock price volatility. 2. On January 23, Junda Co., Ltd. announced the subscription of equity in Xingyi Xinneng, facing uncertainties in technology validation and market development. The company has no mature accumulation in the space photovoltaic field, and investment risk warnings affect market sentiment. 3. On January 22, the market rebounded, with the CSI Photovoltaic Industry Index rising 1.33%, and Junda Co., Ltd. hitting the daily limit. Expectations for transformation in the photovoltaic industry drive valuation reconstruction in the sector, activating interest in related industry chain targets. Expectations for transformation in the photovoltaic industry drive valuation reconstruction. InnoCare Pharma, down 4.34%. Based on recent key news: 1. On January 26, InnoCare Pharma recorded large trades in pre-market trading, with a transaction price 4.58% lower than the previous close. This transaction involved 32.44 million shares, totaling HKD 1.959 billion, indicating selling pressure on the stock. 2. On January 26, overall market sentiment was cautious, with investors taking a wait-and-see attitude towards the future performance of tech stocks, leading to pressure on InnoCare Pharma's stock price. 3. Recent macroeconomic data has performed poorly, affecting investor confidence and further exacerbating the volatility of InnoCare Pharma's stock price. Recent volatility in tech stocks requires attention to risks. **Stocks with High Market Capitalization in the Industry** GigaDevice Semiconductor, down 2.34%. Based on recent key news: 1. On January 23, some directors and senior management of GigaDevice Semiconductor completed a share reduction plan, collectively reducing 244,500 shares, accounting for 0.0366% of the company's current A-share common stock. This move may lead to a decline in market confidence in the company's management, affecting the stock price 2. On January 22, Zhaoyi Innovation released a profit warning announcement, expecting a 46% increase in net profit in 2025, with a 38% increase in net profit after deducting non-recurring gains and losses. Despite the positive performance expectations, the stock price still experienced a pullback, indicating market concerns about high valuations. 3. On January 23, the memory chip industry entered a super cycle, and Zhaoyi Innovation intensified its DRAM business, with market expectations that its future performance will further improve. However, the stock price is at a high level, and investors need to be cautious of short-term pullback risks. 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