HK Stock Market Move | LAOPU GOLD(06181) rises over 8% to hit a new high. The company was recently included in the Hong Kong Stock Connect list. The peak season for jewelry sales is approaching.

LAOPU GOLD (06181) rose more than 7%, reaching a high of 125.9 Hong Kong dollars, hitting a new high since its listing. As of the time of writing, it has risen 8.35% to 125.8 Hong Kong dollars, with a transaction amount of 29.1495 million Hong Kong dollars. On the news front, on September 10, the list of Hong Kong Stock Connect constituents officially took effect, with LAOPU GOLD being included in the list. The expected improvement in the company's liquidity is expected to further drive up the stock price. In addition, the company recently released its interim financial report, showing rapid growth in revenue and profits, with net profit increasing by nearly 200% year-on-year. Debang Securities pointed out that LAOPU GOLD's differentiated product positioning, comprehensive and high-quality product matrix within a subdivided track, continuous improvement in brand strength, sustained release of brand effectiveness, and strong channel expansion capabilities are expected to further improve the company's performance. Looking ahead to 24H2, the upcoming peak season for gold and jewelry sales in September and October, with stable gold prices, the high-end jewelry scarcity of LAOPU GOLD is promising.