---
title: "Hong Kong stocks movement: China Star Group plummets 20.15%, with clear capital flow, volatility attracts market attention"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286024807.md"
description: "CHINA STAR ENT - 2000 fell 20.15%; Tencent Music - SW dropped 1.03%, with a transaction volume of HKD 25.05 million; Damai Entertainment fell 3.33%, with a transaction volume of HKD 16.45 million; China Ruyi rose 0.71%, with a transaction volume of HKD 14.26 million; NetEase Cloud Music dropped 0.62%, with a market value of HKD 27.1 billion"
datetime: "2026-05-12T02:32:23.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286024807.md)
  - [en](https://longbridge.com/en/news/286024807.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286024807.md)
---

# Hong Kong stocks movement: China Star Group plummets 20.15%, with clear capital flow, volatility attracts market attention

**Hong Kong Stock Movement**

China Star Group - CHINA STAR ENT, dropped 20.15%, 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 1.03%, with a trading volume of HKD 25.05 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 dropped 3.33%. Based on recent key news:

1.  On May 11, Damai Entertainment issued a profit warning, expecting annual net profit to be no less than RMB 700 million, a 92% increase from last year. However, analysts believe its ticketing and live entertainment business performed poorly, leading to a decline in stock price. Source: Economic Information Daily
    
2.  On May 11, Citigroup analysts pointed out that Damai Entertainment's net profit may not meet market expectations, forecasting annual profit close to the lower guidance, below market consensus. Source: WSJ
    
3.  On May 9, Damai Entertainment announced a positive profit alert, with net profit increase mainly attributed to a robust asset structure and narrowing investment losses, but the market reaction was poor. Source: Caihua News. The entertainment industry is facing profit pressure, with evident capital outflow.
    

China Ru Yi, up 0.71%, with a trading volume of HKD 14.26 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 0.62%. 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 shows the company's confidence in its own value and may provide support for the stock price. Source: Zhitong Finance
    
2.  On May 11, NetEase Zhiqi launched the CodeWave platform to enhance project delivery efficiency and help ISVs reduce costs and increase efficiency. This technological innovation may enhance the company's competitiveness and attract more investor attention. Source: Zhitong Finance. The technology industry is accelerating innovation, with evident capital inflow

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