Hong Kong Stock Market Close: Hang Seng Index Falls 0.98%, Gold and Jewelry Sector Declines

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On March 13, the Hong Kong Hang Seng Index closed down 0.98%, and the Hang Seng Tech Index fell 0.99%.

The cultural media sector rose, with HuiLiang Technology and LvQi Culture each gaining over 12%.

The GEO sector declined, with XunCe dropping over 20%, QuZhi Group falling more than 8%, and MINIMAX-WP down over 6%.

The gold and jewelry sector declined, with Long Resources dropping over 8%, Zijin Gold International falling more than 7%, and Zhufeng Gold down over 5%.

Superstar Legend surged more than 24% in the afternoon. As of press time, it increased 18.98% to HKD 8.4, with a trading volume of HKD 754 million. In news, Superstar Legend issued a profit warning, expecting a comprehensive loss of no more than RMB 52 million in 2025, compared to a comprehensive profit of RMB 50.2 million in the same period last year, turning from profit to loss year-on-year.

HuiLiang Technology’s gains further expanded today, reaching nearly 22% intraday to HKD 18.2, marking the fourth consecutive day of gains and hitting a new high since January 16. In news, the company recently announced its annual results ending last year, with a attributable profit to shareholders of USD 61.62 million, up 2.9 times year-on-year; adjusted profit of USD 95.49 million, up 93.5%; and revenue of USD 2.047 billion, up 35.7% year-on-year.

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