Data from the China Pig raising Network system show that pig prices in the mainland have fallen for eight consecutive years. The A-share pork concept plate fell 2.8%. Pork concept stocks in Hong Kong are also under overall pressure today. In particular, COFCO 01610.HK has repeatedly retreated from its seven-month high, reaching as low as 3.45 yuan. It is now trading at 3.47 yuan, giving up 4.9%, and the turnover has reached 77.03 million shares.
Before the city of 00288.HK, a total of 117.2 million shares were listed non-automatically at 5 yuan per share (4.8% off yesterday's closing price). The share price fell from its high in the past two months to as low as 5.06 yuan. It is now quoted at 5.50 yuan, giving back 3%, and the turnover has increased to 142.8 million shares.
Liangrun Food (01068.HK) repeatedly vomited 3.2% to 0.92 yuan, temporarily keeping the stable bull-bear line (0.90 yuan). 01340.HK and 01699.HK fell more than 3 per cent and 4 per cent.