Hong Kong Stock Movement: JIANGSU HORIZON's placement of new shares attracts market enthusiasm, with stock price soaring 16.62%

Hong Kong Stock Movement

JIANGSU HORIZON rose 16.62%. Based on recent key news:

1. On November 12, JIANGSU HORIZON announced the signing of a placement agreement with the placement agent to place up to 21.425 million new H shares at HKD 2.9 per share, raising a maximum of HKD 62.13 million. This move led to a 16.62% increase in stock price. Source: Economic Information Daily

2. On November 11, JIANGSU HORIZON announced the placement of up to 21.4246 million new shares, equivalent to a 9.09% increase in post-expansion share capital, with the placement price at a 13.95% discount to the closing price. This news attracted market attention and pushed the stock price up. Source: Company announcement

3. On November 11, JIANGSU HORIZON operates in the retail industry, focusing on supermarket chain management. Despite strong sell signals in technical sentiment, the market reacted positively to its placement plan, resulting in a rise in stock price. Source: TipRanks The retail industry has recently shown active performance with significant capital inflow.

Stocks with High Trading Volume in the Industry

Dongfang Zhenxuan fell 3.36%. Based on recent news,

1. On November 10, Dongfang Zhenxuan announced the departure of Sun Dongxu, raising concerns in the market about the stability of the company's management, leading to a decline in stock price. Sun Dongxu's departure is seen as part of the company's strategy to de-IP, but it also brought about a lack of execution capability. Source: Eastmoney

2. On November 10, Dongfang Zhenxuan was reported to have failed to declare and announce two financial product transactions as required, violating listing rules, which raised doubts about the company's internal controls and compliance, putting pressure on the stock price. Source: Economic Information Daily

3. On November 10, the live e-commerce industry as a whole is facing a turning point in development, with Dongfang Zhenxuan's traffic momentum declining, leading to market concerns about the sustainability of its future growth model. Source: Zhito Finance The live e-commerce industry is entering an adjustment period, with a clear trend towards brand autonomy.

Guoquan rose 5.06%. Based on recent news,

1. On November 9, Guoquan Food announced that the cumulative number of registered members exceeded 60 million, achieving the annual target 50 days ahead of schedule. This news boosted market confidence and pushed the stock price up.

2. On November 11, Changjiang Securities pointed out that Guoquan added a net of 361 stores in the third quarter of 2025, an increase of 98% year-on-year, and expects the net increase in stores in the fourth quarter to continue at a rapid growth pace. The firm also expects the company's revenue in the third quarter to grow by 13.6% to 25.8% year-on-year, continuing the revenue growth trend from the first half of the year, further driving up the stock price.

3. On November 11, Xinhua News reported that the core market size of China's camping economy reached 133.4 billion yuan in 2024, and is expected to exceed 248.32 billion yuan in 2025. Guoquan's "ingredients + tools" one-stop solution further expands the company's scenario coverage and enhances market expectations for its future growth. The camping economy has become an emerging consumption field with huge market potential Baiguoyuan Group rose 2.02%. Based on recent key news:

4. On November 10, Baiguoyuan announced a deep cooperation with the Chilean Cherry Association to strengthen the full-chain quality control system. This move is expected to enhance product quality and market competitiveness, driving up stock prices. According to data from the General Administration of Customs, the import volume of Chilean cherries increased by 15%, further supporting market demand. Source: Cover News

5. On November 9, Baiguoyuan's suppliers adopted professional post-harvest processing technology to ensure the freshness of cherries. This technology improved product quality, enhanced consumer confidence, and promoted sales growth. Source: Cover News

6. On November 8, Chilean cherries gradually transitioned from "premium fruit" to common household items, with market prices becoming more approachable. The ample supply and declining logistics costs created a double benefit, driving up Baiguoyuan's stock price. Source: Cover News. The market demand for Chilean cherries is strong, and logistics costs are decreasing.

Stocks ranked among the top in industry market capitalization

Youbao Online rose 2.16%, with a market capitalization of HKD 2.809 billion, and there has been no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation