HK Stock Market Move | STAR SHINE HLDG (01440) plunges more than 27% in the morning, after rising up to four times in the previous three months.

STAR SHINE HLDG (01440) fell more than 27% in the morning, it is worth noting that the stock has been climbing continuously since late August this year, with the highest increase exceeding 4 times. As of the time of writing, it has dropped by 20.31% to HK$13.42, with a turnover of HK$15.5364 million. It is reported that STAR SHINE HLDG is a long-established lace manufacturer and dyeing service supplier in the textile industry, mainly engaged in the manufacturing and sales of lace on an individual order basis. In the first half of this year, the company achieved a revenue of RMB 273 million, an increase of 480.89% compared to the same period last year; the net loss attributable to shareholders was RMB 948,000, a decrease of 82.93% year-on-year. It is worth noting that before the sharp fall this morning, the stock had been climbing continuously since late August this year, with the highest increase exceeding 4 times. Ms. Leung Fung-yee, Chief Executive Officer of the Securities and Futures Commission, had previously stated that the Commission has a team monitoring the market "round the clock" and will strengthen its focus on issues of high concentration in listed companies in the future, especially those with rapidly rising or falling stock prices.