HK Stock Market Move | Dining stocks surge in the final trading session, with the increase expanding. Institutions say that platforms such as Gaode are making efforts to promote in-store consumption, which is expected to further increase foot traffic in stores.

In the afternoon trading session, stocks in the catering sector saw their gains expand. As of the time of writing, HAIDILAO (06862) rose by 4.84% to 13.22 Hong Kong dollars; GREEN TEA GROUP (06831) rose by 4.68% to 6.71 Hong Kong dollars; XIABUXIABU (00520) rose by 4.04% to 1.03 Hong Kong dollars; JIUMAOJIU (09922) rose by 2.5% to 2.05 Hong Kong dollars. In terms of news, data from the Gaode scan street list showed that during the National Day holiday, the order volume of the local life catering industry increased by 150% year-on-year. A large number of "firework small stores" hidden in the streets and alleys saw a peak in traffic, with an overall growth of 300%. Huaxin Securities released a research report stating that there are many catalysts in the catering chain industry. Chain restaurants such as XIAOCAIYUAN and Green Tea benefited from the growth in takeaway business, leading to a year-on-year increase in revenue volume. At the same time, the scale effect improved the bargaining power of raw material procurement, optimizing profitability. With platforms like Gaode focusing on in-store consumption, it is expected to further increase store traffic. Galaxy Securities also stated that the release of the "Gaode scan street list" has had an amplifying effect on the direction of the catering industry.