On June 1, Chow Tai Fook rose 3.55% in regular trading, reaching HK$11.29 per share, with trading volume of HK$102 million.

On the news front, the company previously announced that its board of directors will convene on June 11 to review full-year results and consider a final dividend proposal, with the approaching earnings disclosure window lifting market expectations. Additionally, the company initiated a 5% to 20% price increase on fixed-price gold jewelry starting May 15, with some products seeing price hikes of up to HK$15,000, a strategy expected to improve gross margin levels.

The stock had previously retreated under pressure from net closure of 128 stores in mainland China and a 30.9% decline in same-store sales volume, falling 3.24% to HK$11.06 on May 28. The current rebound appears to represent a technical recovery following the earlier oversold conditions. Within the Specialty Stores sector, Luk Fook Holdings gained 1.63% on the same day, indicating a broader warming in sector sentiment.

(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.)