HK Stock Market Move | LAOPU GOLD (06181) fell more than 5%, still up over 10% within the month. The company announced its third price increase of the year.

LAOPU GOLD (06181) fell by more than 5%, with a cumulative increase of over 10% within the month. As of the publication, it dropped by 5.55%, closing at 782.5 Hong Kong dollars with a trading volume of 6.49 billion Hong Kong dollars. On the news front, on October 17, LAOPU GOLD announced that the company will adjust product prices on October 26. It is reported that this is the third price adjustment for LAOPU GOLD this year, with the previous two adjustments in February and August. In February, the prices of LAOPU GOLD's products in stores increased by 5%-12%. Soochow pointed out that this product price adjustment can offset the impact of the recent sharp rise in gold prices on gross profit margins, and the price increase announcement is conducive to catalyzing short-term product sales, while strengthening consumers' recognition of their own "taste", and the brand strength is expected to further break through.