--- title: "Hong Kong stock movement: GLORY FLAME fell by 11.54%, with no significant news but showing volatility. What is causing such market sentiment?" type: "News" locale: "en" url: "https://longbridge.com/en/news/274759543.md" description: "GLORY FLAME fell 11.54%; China Railway rose 1.59%, with a transaction volume of HKD 109 million; China Metallurgical Group rose 2.75%, with a transaction volume of HKD 50.18 million; China State Construction International rose 3.58%, with a transaction volume of HKD 43.26 million; China Communications Construction rose 0.99%, with a market value of HKD 82.8 billion" datetime: "2026-02-04T05:41:32.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/274759543.md) - [en](https://longbridge.com/en/news/274759543.md) - [zh-HK](https://longbridge.com/zh-HK/news/274759543.md) --- # Hong Kong stock movement: GLORY FLAME fell by 11.54%, with no significant news but showing volatility. What is causing such market sentiment? **Hong Kong Stock Movement** GLORY FLAME, down 11.54%, 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 Railway Group rose 1.59%. Based on recent key news: 1. On February 2, China Railway Group announced a share repurchase, totaling 28.812 million shares, accounting for 0.1167% of the total share capital, with a transaction amount of 160 million yuan. This move has enhanced market confidence in the company's stock, driving the share price up. Source: Zhitong Finance 2. On February 3, in a land auction in Beijing, China Metallurgical Group successfully acquired residential land in Shunyi District, marking its first entry into the Beijing commodity residential land market, increasing market attention on China Railway Group. Source: Xinhua News Agency 3. On February 2, during the Spring Festival travel season, railway passenger traffic increased, with the China National Railway Shenyang Bureau expecting to send 24 million passengers, a year-on-year increase of 3.7%, reflecting the growth in railway transportation demand, which is favorable for China Railway Group. Source: Xinhua News Agency China Metallurgical Group rose 2.75%. Based on recent key news: 1. On February 3, China Metallurgical Group announced the repurchase of a total of 53.357 million A and H shares, accounting for approximately 0.26% of the equity. This move has enhanced market confidence in the company's stock, driving the share price up. Source: Economic Information Daily 2. On February 2, the company announced the repurchase of 12.772 million H shares, accounting for 0.0616% of the total share capital, with a total transaction amount of 24.0216 million Hong Kong dollars. The repurchase activity shows the company's recognition of its own value, boosting the share price. Source: Zhitong Finance 3. On February 3, the company continued to repurchase 1.366 million H shares, spending 2.4883 million Hong Kong dollars, further supporting the rise in share price. Source: Zhitong Finance. The Hong Kong stock market has seen frequent repurchase activities recently, with significant capital inflow. China State Construction International rose 3.58%, with a transaction amount reaching 43.26 million Hong Kong dollars, 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** China Communications Construction rose 0.99%. Based on recent news: 1. On February 2, China Communications Construction announced its operating plan for 2026, planning to increase new contract amounts by no less than 2.6% and operating income by no less than 6.8%. This positive growth expectation has boosted market confidence, driving the share price up. 2. On February 2, China Communications Construction spent 9.7969 million yuan to repurchase 1.2079 million A shares, with a repurchase price of 8.00-8.18 yuan per share. The repurchase action shows the company's confidence in its own value, further supporting the share price On February 3rd, China Communications Construction Company spent CNY 10.1487 million to repurchase 1.2603 million A shares. The continuous repurchase actions have strengthened investors' confidence in the company's future performance, driving the stock price to continue rising. 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