On September 16, LONGFOR GROUP rose 5.33% in regular trading, trading at HK$5.525/share, with turnover of approximately HK$77.66 million. The rebound followed a 5.2% decline on September 14 that had sent shares to a 52-week low.

The recovery was driven by fresh data from the National Bureau of Statistics released on September 15, showing that first-tier city commercial housing prices rose on a month-on-month basis in August, while second- and third-tier city price declines broadly narrowed. The NBS spokesperson noted that although new home transactions have decreased, the rise in second-hand housing transactions has helped stabilize overall market volume. Guosen Securities stated that current property stock valuations have already priced in overly pessimistic expectations on future home price declines, reiterating that the sector sits at a mid-term bottom with value upside.

Within the Real Estate Development sector, GREENTOWN CHINA rose 6.5%, CHINA OVERSEAS up 1.85%, CHINA RES LAND up 1.12%, HENDERSON LAND up 0.78%, while CK ASSET slipped 0.04%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)