--- title: "Hong Kong stock movement: THELLOY DEV surged 20.90%, with clear capital flow, market sentiment is high but volatility should be monitored" type: "News" locale: "en" url: "https://longbridge.com/en/news/274456778.md" description: "THELLOY DEV surged 20.90%; China Railway fell 3.99%, with a transaction amount of HKD 186 million; China Railway Construction fell 2.35%, with a transaction amount of HKD 43.2 million; China Metallurgical Group fell 1.62%, with a transaction amount of HKD 37.2 million; China Communications Construction fell 0.98%, with a market value of HKD 82 billion" datetime: "2026-02-02T03:37:43.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/274456778.md) - [en](https://longbridge.com/en/news/274456778.md) - [zh-HK](https://longbridge.com/zh-HK/news/274456778.md) --- # Hong Kong stock movement: THELLOY DEV surged 20.90%, with clear capital flow, market sentiment is high but volatility should be monitored **Hong Kong Stock Movement** THELLOY DEV surged 20.90%, 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 Ranked by Industry Transaction Volume** China Railway Group fell 3.99%. Based on recent news, 1. On January 30, China Railway Group announced winning bids for 12 major projects recently, with a total bid amount of approximately CNY 43.29 billion, accounting for 3.74% of its 2024 revenue. This news should have boosted the stock price, but the market reaction was below expectations, leading to a decline in stock price. 2. On January 29, brokerages set a target price increase of 53.99% for China Railway Group, but the market reacted lukewarmly to this rating, failing to effectively support the stock price. 3. On January 31, during the Spring Festival travel season, the national railway passenger volume is expected to reach 540 million, and although transportation demand has increased, it did not significantly boost China Railway Group's stock price. The increase in railway transportation demand during the Spring Festival did not significantly lift the stock price. China Railway Construction fell 2.35%. Based on recent key news: 1. On January 30, China Railway Construction announced that the total amount of new contracts signed in the fourth quarter of 2025 remained basically flat, with a 31% decline in the real estate business contract amount, raising market concerns about its real estate business performance, affecting the stock price decline. Source: Economic Information Daily 2. On February 2, China Railway Construction Real Estate Group issued a bond repurchase announcement, clarifying the repurchase arrangement, which may raise investor concerns about its financial condition, further impacting the stock price. Source: Viewpoint Network 3. On January 31, during the Spring Festival travel season, the railway passenger volume is expected to reach 540 million, and although the railway department has increased transportation capacity, it did not directly alleviate the pressure on China Railway Construction's stock price. Source: CCTV News The real estate market is weak, and the bond repurchase has an impact. China Metallurgical Group fell 1.62%. Based on recent key news: 1. On January 30, China Metallurgical Group spent HKD 3.1269 million to repurchase 1.652 million shares, with a repurchase price of HKD 1.87-1.94 per share. This move shows the company's confidence in its own stock but failed to stop the stock price decline. 2. On January 30, China Minmetals Corporation and China Reform Holdings established a new company with a registered capital of CNY 1 billion, focusing on metal mineral resources. This industry dynamic may affect the market competitive environment for China Metallurgical Group. 3. No other significant news recently. Industry competition is intensifying, and market volatility is evident. **Stocks Ranked by Industry Market Capitalization** China Communications Construction fell 0.98%. Based on recent key news: 1. On January 30, China Communications Construction announced adjustments to its board members, with Mr. Song Hailiang re-elected as chairman and Mr. Zhang Bingnan reappointed as president. This move stabilizes the company's management and may have a positive impact on the stock price. Source: Zhitong Finance 2. On January 30, the company spent CNY 10.2365 million to repurchase 1.2499 million A shares, showing confidence in the company's future development, which may support the stock price Source: Zhitong Finance On February 2, the company announced its operating plan for 2026, expecting new contract amounts to grow by no less than 2.6% and operating revenue to grow by no less than 6.8%, indicating a positive business growth outlook. Source: Economic News Agency, industry policies are stable, and macroeconomic impacts are limited ### Related Stocks - [01546.HK](https://longbridge.com/en/quote/01546.HK.md) ## Related News & Research - [Central China Real Estate's Contracted Sales Climb 18% in March](https://longbridge.com/en/news/282836288.md) - [Voicecomm Technology Enters HK$94 Million Share Sale Agreement](https://longbridge.com/en/news/282482425.md) - [Moody Law Group Marks 20 Years of Trusted Real Estate Counsel](https://longbridge.com/en/news/282881628.md) - [Realty Income Earnings Preview: What to Expect](https://longbridge.com/en/news/282412701.md) - [CENTURY 21 REAL ESTATE INDUCTS TWO NEW MEMBERS INTO CENTURY 21 DICK LOUGHLIN INTERNATIONAL HALL OF FAME | COMP Stock News](https://longbridge.com/en/news/282860954.md)