Guming plunges more than 11% in Hong Kong trading to HK$19.29

Guming (1364.HK) plunged more than 11% in Hong Kong trading to HK$19.29, marking its lowest level since listing five years ago. The stock opened lower and continued to weaken throughout the session, touching an intraday low of HK$18.80. Trading volume reached 5.53 million shares with turnover of approximately HK$109 million.

No company-specific news drove the move; shares fell in line with broader weakness in the consumer discretionary sector.