Hong Kong stock market anomaly | Huaxin Cement (06655.HK) fell nearly 4% in the first quarter, with net profit increasing by over 55% year-on-year. Exchange rate fluctuations significantly impact the expense ratio.

According to the Zhixin financial APP, Huaxin Cement (06655.HK) surged more than 6% in early trading, but its stock price quickly fell afterwards. As of the time of writing, it has dropped by 3.1% to 9.01 Hong Kong dollars, with a trading volume of 14.22 million Hong Kong dollars.