---
title: "Hong Kong stock movement: MOBVISTA fell 10.87%, with no significant news but showing volatility. What is causing such market sentiment?"
description: "MOBVISTA fell 10.87%; China Literature Group fell 4.33%, with a transaction volume of HKD 55.08 million; Qutoutiao fell 3.79%, with a transaction volume of HKD 15.6 million; Jihong Co., Ltd. fell 1.85"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/274741475.md"
published_at: "2026-02-04T02:02:29.000Z"
---

# Hong Kong stock movement: MOBVISTA fell 10.87%, with no significant news but showing volatility. What is causing such market sentiment?

> MOBVISTA fell 10.87%; China Literature Group fell 4.33%, with a transaction volume of HKD 55.08 million; Qutoutiao fell 3.79%, with a transaction volume of HKD 15.6 million; Jihong Co., Ltd. fell 1.85%, with a transaction volume of HKD 2.86 million; Xinhua Wenhui fell 0.65%, with a market value of HKD 13.2 billion

**Hong Kong Stock Movement**

MOBVISTA, down 10.87%, 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**

China Literature Group, down 4.33%. Recent news:

1.  On February 2, China Literature Group collaborated with Shenzhen Publishing Group and Shenzhen Broadcasting Group to establish "China Literature Book Garden," the first immersive social experience space in the country centered around IP. This initiative aims to promote digital reading into urban cultural life and attract more young people to participate in cultural activities. Although this innovative move may enhance the company's long-term value, it has not significantly boosted the stock price in the short term.
    
2.  On February 2, China Literature Group continued to promote the "Warm Reading" public welfare initiative, collaborating with various resources to provide reading support for rural children and visually impaired individuals. While these charitable activities have enhanced the company's social responsibility image, they have not directly impacted the stock price trend.
    
3.  The digital reading industry is accelerating innovation, and risks need to be monitored.
    

Qutoutiao Group, down 3.79%, with a trading volume of HKD 15.6 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.

Jihong Co., down 1.85%. Based on recent news,

1.  On February 2, Jihong Co.'s controlling shareholder and its concerted parties prematurely terminated the share reduction plan. The controlling shareholder, Zhuang Hao, and its concerted parties reduced their holdings by approximately 9.905 million shares from December 22 last year to last Thursday, accounting for about 2.2% of the equity, with a reduction price range of HKD 14.78 to 18 per share, averaging HKD 17.19 per share, cashing out approximately HKD 170 million. The shareholding of the reducing parties decreased from 24.92% to 22.67%. This news raised market concerns about the company's future stock price, leading to a decline in stock price. The market reacted negatively to the termination of the reduction plan, resulting in a drop in stock price.

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

Xinhua Wenhui, down 0.65%. Based on recent news,

1.  On February 3, Yabo Xuan released a performance report, showing a 58.73% year-on-year increase in operating revenue for 2025 and a 34.16% year-on-year increase in net profit. Despite strong performance, the market remains skeptical about the sustainability of future growth, leading to stock price fluctuations. Data source: Jinshi Data
    
2.  On February 3, Yabo Xuan's performance report mentioned a 47.06% year-on-year increase in net profit after deducting non-recurring gains and losses, with basic earnings per share increasing by 35.00%. However, investors are cautious about the impact of non-recurring gains and losses, affecting stock price trends. Data source: Jinshi Data
    
3.  No other significant news recently. The Hong Kong stock market has seen increased volatility recently, which needs attention

### Related Stocks

- [01860.HK - MOBVISTA](https://longbridge.com/en/quote/01860.HK.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.