---
title: "Hong Kong Stock Movement: China Star Group falls 17.84%, with clear capital flow, market sentiment fluctuations attract attention"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286023906.md"
description: "CHINA STAR ENT - Erqian fell 17.84%; Tencent Music - SW fell 0.87%, with a transaction amount reaching HKD 23.22 million; Damai Entertainment fell 1.67%, with a transaction amount reaching HKD 15.63 million; Zhongguo Ruyi had a transaction amount reaching HKD 12.9 million; NetEase Cloud Music fell 1.01%, with a market value of HKD 27 billion"
datetime: "2026-05-12T02:22:13.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286023906.md)
  - [en](https://longbridge.com/en/news/286023906.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286023906.md)
---

# Hong Kong Stock Movement: China Star Group falls 17.84%, with clear capital flow, market sentiment fluctuations attract attention

**Hong Kong Stock Movement**

China Star Group - 2000, down 17.84%, 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**

Tencent Music - SW, down 0.87%, with a trading volume of HKD 23.22 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.

Damai Entertainment, down 1.67%. Based on recent key news:

1.  On May 11, Damai Entertainment announced a positive profit alert, expecting annual net profit not to be less than RMB 700 million, a 92% increase from last year. The asset structure is robust, investment portfolio risks are reduced, and investment losses have narrowed. This news failed to boost the stock price, which instead fell due to market expectations not being met.
    
2.  On May 11, analysts pointed out that Damai Entertainment's net profit might not meet market expectations, with full-year profits expected to be close to the lower guidance, below market consensus and Citigroup estimates. Poor performance in ticketing and live entertainment business affected the stock price.
    
3.  On May 12, Citigroup maintained a buy rating on Damai Entertainment, with a target price of HKD 1.00. The market generally gives a moderate buy rating, with an average target price of HKD 0.95. Analyst ratings failed to effectively support the stock price. The entertainment industry faces pressure from market expectations.
    

China Ruyi, with a trading volume of HKD 12.9 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.

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

NetEase Cloud Music, down 1.01%. Based on recent key news:

1.  On May 11, NetEase Cloud Music announced the repurchase of 57,900 shares, spending HKD 7.2745 million, with a repurchase price of HKD 123.8-127.4 per share. This move aims to enhance market confidence but failed to stop the stock price from falling.
    
2.  On May 11, NetEase Zhiqi launched the CodeWave platform to improve project delivery efficiency and help ISVs reduce costs and increase efficiency. Although this innovation may benefit the company's long-term development, it has not had a positive impact on the stock price in the short term. The technology industry is accelerating innovation and intensifying competition

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