Hong Kong stock movement: CHI SCI&EDU IND fell 10.75%
CHI SCI&EDU IND fell 10.75%; Zhongjiao Holdings fell 7.42%, with a transaction volume of HKD 356 million; New Oriental-S fell 3.26%, with a transaction volume of HKD 116 million; Tianli International Holdings fell 3.01%, with a transaction volume of HKD 76.66 million; China Oriental Education fell 1.10%, with a market value of HKD 15.9 billion
Hong Kong Stock Movement
Stocks with High Trading Volume in the Industry
Tianli International Holdings fell 3.01%. According to recent important news:
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On September 16, Tianli International Holdings announced the repurchase of 3.13 million shares in the open market, accounting for approximately 0.15% of the total issued shares. This move led to an increase in market demand for the company's stock, but the stock price still fell.
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On September 16, the company had cumulatively repurchased 9.816 million shares since August 28, accounting for 0.47% of the total share capital, with a total amount of HKD 35 million. Despite the significant repurchase effort, it failed to effectively boost the stock price.
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On September 16, investment banks primarily rated Tianli International Holdings as "buy," with Guotai Junan Securities giving a "buy" rating, but the market reaction was tepid, and the stock price continued to decline. The cultural media industry is volatile, and risks need to be monitored
