HK Stock Market Move | Muyuan Foods (02714) rose nearly 6% in the final trading session. The market is paying attention to industry policies providing support and economic recovery.

Muyuan Foods (02714) rose nearly 6% in the final trading session, rising 5.22% as of press time to HK$43.5 with a total transaction value of 1.62 billion Hong Kong dollars. On the news front, Muyuan Foods announced that in April, the company sold approximately 7.14 million heads of commodity pigs, an increase of 8.68% year-on-year. The average selling price of commodity pigs was 9.45 yuan/kg, a decrease of 35.54% year-on-year. The sales revenue of commodity pigs was approximately 8.503 billion yuan, a decrease of 32.49% year-on-year. The significant year-on-year decrease in commodity pig sales prices and revenue was mainly due to fluctuations in the pig market. China International Capital Corporation Securities pointed out that the clear expression of stabilizing prices for pigs and other commodities at the Political Bureau meeting, combined with the continuous strengthening of pig production capacity monitoring and early warning by the Ministry of Agriculture and Rural Affairs, helps to increase market confidence in industry policy support and economic recovery. In the short term, the industry still faces pressure from off-season consumption and supply release, and the foundation for a rapid turnaround in pig prices is not yet sufficient; in the medium term, with continued digestion of production capacity, weakening data on piglets, and gradual improvement in supply-demand relationships, both pig prices and industry profitability are expected to enter a recovery path.