Mixue Group (02097.HK) shares surged 8.17% during intraday trading on Tuesday, reaching a record high of HK$570.5. The significant upward movement reflects strong investor interest in the company and the broader tea beverage sector.
The rally was not limited to Mixue Group, as Hong Kong-listed tea beverage stocks rose across the board. Chabaidao gained nearly 8%, while Guming rose more than 5%, and Nayuki was up nearly 3%. This sector-wide movement suggests a positive sentiment towards tea beverage companies in the Hong Kong market.
While specific reasons for Mixue Group's exceptional performance were not provided, the stock's surge to a record high indicates strong market confidence in the company's prospects. As the tea beverage market continues to show growth potential, investors appear to be betting on the sector's future success, with Mixue Group leading the pack in today's trading session.
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