--- title: "Hong Kong Stock Movement: China Star Group fell 17.81%, with clear capital flow, and increased volatility attracting market attention" type: "News" locale: "en" url: "https://longbridge.com/en/news/286178394.md" description: "CHINA STAR ENT - 2000 fell 17.81%; Damai Entertainment rose 1.72%, with a transaction volume of HKD 8.49 million; Tencent Music - SW fell 0.11%, with a transaction volume of HKD 6.35 million; NetEase Cloud Music fell 2.04%, with a transaction volume of HKD 1.94 million; China Ruyi rose 0.73%, with a market value of HKD 23.2 billion" datetime: "2026-05-13T01:32:43.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286178394.md) - [en](https://longbridge.com/en/news/286178394.md) - [zh-HK](https://longbridge.com/zh-HK/news/286178394.md) --- # Hong Kong Stock Movement: China Star Group fell 17.81%, with clear capital flow, and increased volatility attracting market attention **Hong Kong Stock Movement** China Star Group - 2000, down 17.81%, 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** Damai Entertainment up 1.72%. Based on recent key news: 1. On May 11, Damai Entertainment announced a profit warning, expecting annual net profit attributable to shareholders to be no less than RMB 700 million, a 92% increase compared to the same period last year. This news boosted market confidence and drove the stock price up. 2. On May 11, Economic Information Daily reported that Damai Entertainment's asset structure is becoming more robust, with further reduction in investment portfolio risk exposure and a year-on-year narrowing of investment losses. These positive factors further supported the rise in stock price. 3. On May 12, Citigroup released a report maintaining a buy rating on Damai Entertainment, with a target price of HKD 1.00. Analysts unanimously believe the company has good growth potential, further driving up the stock price. The entertainment industry is performing well overall, with significant capital inflow. Tencent Music - SW down 0.11%. Based on recent key news: 1. On May 12, Tencent Music announced its Q1 2026 financial report, showing total revenue of RMB 7.9 billion, a year-on-year increase of 7.3%. Despite revenue growth, net profit fell 51.3% year-on-year due to the recognition of a deemed disposal gain from an associate in the same period last year. This financial performance raised market concerns about its profitability, affecting the stock price. 2. On May 12, Tencent Music announced that its music-related non-member service revenue increased by 28% year-on-year, reaching RMB 1.94 billion. This growth shows the company's diversified development in music IP consumption scenarios, but the market remains cautious about its ability to continuously create new consumption scenarios. 3. On May 12, the State Administration for Market Regulation approved Tencent's acquisition of a stake in Himalaya with additional restrictive conditions, requiring no increase in service prices or reduction in service levels. This regulatory measure may limit Tencent Music's market expansion capabilities and affect its future growth expectations. The industry is entering a mature phase, with intensified competition. NetEase Cloud Music down 2.04%. 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 stabilize the stock price but failed to prevent the decline. 2. On May 12, NetEase Cloud Music further integrated DeepSeek-V4 to enhance the music service experience. However, the market response was tepid, failing to boost the stock price. 3. On May 13, the quarterly adjustment results of the MSCI China Index were announced, with NetEase Cloud Music being removed, leading to a decline in investor confidence and a drop in stock price. The MSCI adjustment affected market sentiment, with significant capital outflow **Stocks Ranked Among the Top in Market Capitalization in the Industry** China Ruyi, up 0.73%, with a market capitalization of HKD 23.2 billion, has no significant news recently. The trading is active, and the capital flow is evident. 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