--- title: "Hong Kong stock movement: CCTC fell 14.63%, with active capital and increased volatility, reasons to be determined" type: "News" locale: "en" url: "https://longbridge.com/en/news/294029226.md" description: "CCTC fell 14.63%; Kingboard Laminates fell 16.43%, with a transaction amount of HKD 3.516 billion; Kingboard Group fell 12.29%, with a transaction amount of HKD 1.9 billion; Shenghong Technology fell 14.75%, with a transaction amount of HKD 859 million; Luxshare Precision fell 11.23%, with a market value of HKD 433.8 billion" datetime: "2026-07-28T07:56:53.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294029226.md) - [en](https://longbridge.com/en/news/294029226.md) - [zh-HK](https://longbridge.com/zh-HK/news/294029226.md) --- # Hong Kong stock movement: CCTC fell 14.63%, with active capital and increased volatility, reasons to be determined **Hong Kong Stock Movement** CCTC, down 14.63%, 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** Kingboard Laminates fell 16.43%. Based on recent key news: 1. On July 28, the PCB industry suffered a sharp decline, with Kingboard Laminates' stock price dropping 13.64%. NVIDIA's advancement in a new round of AI infrastructure deals heightened market concerns over cyclical financing risks, leading to a general decline in PCB concept stocks. Zhitong Finance 2. On July 28, the expansion wave in the PCB industry caused market differentiation, with high-end capacity being less than 20% and low-end capacity being oversupplied. The phenomenon of industry speculation was evident, undermining investor confidence. Securities Times 3. On July 28, Google's free cash flow for the second quarter was negative, prompting the market to adjust its capital expenditure expectations for tech stocks, affecting overall market sentiment. Zhitong Finance The expansion wave in the PCB industry exacerbates market differentiation and poses significant risks. Kingboard Group fell 12.29%. Based on recent key news: 1. On July 28, the PCB industry suffered a sharp decline, with Kingboard Group's stock price dropping 9.75%. The industry's expansion wave raised market concerns over high-end capacity, impacting stock prices. Zhitong Finance 2. On July 27, trading volume in Hong Kong stocks decreased, with market buying being unenthusiastic, leading to Kingboard Group being listed as a short-term speculative reference, affecting stock prices. Economic Information 3. On July 28, NVIDIA's advancement in AI infrastructure deals raised market concerns over cyclical financing risks, affecting the overall performance of the PCB industry. Zhitong Finance The expansion wave in the PCB industry exacerbates market differentiation. Shenghong Technology fell 14.75%, with a trading volume of HKD 859 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** Luxshare Precision fell 11.23%. Based on recent key news: 1. On July 28, Bank of New York Mellon significantly reduced its holdings in Luxshare Precision H shares, with the shareholding ratio dropping from 11.28% to 3.36%, leading to a stock price decline of over 8%. This move raised market concerns about the company's future development, although China International Capital Corporation gave it a "Buy" rating. 2. On July 27, China International Capital Corporation released a research report, initiating coverage of Luxshare Precision H shares with a "Buy" rating and a target price of HKD 78.3. The firm pointed out that the company's business expansion in AI communications, data centers, and automotive electronics will bring significant growth opportunities, with expectations of high growth in revenue and net profit in the coming years. 3. Recently, Luxshare Precision has received orders from several overseas cloud service giants for its products in the AI data center and automotive electronics fields, demonstrating the company's competitiveness in emerging technology areas, although rising memory prices pose pressure on its consumer electronics business. 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