LUNG FUNG GROUP(02290.HK) closed 45.75% lower, the Hang Seng Specialty Retail Sector saw divergent trends

NewTimeSpace News: Lung Fung（02290.HK） was officially listed on the Main Board of HKEX on June 5, 2026. The stock posted a weak debut performance and closed at HK$2.81, down HK$2.37 or 45.75% against the IPO offer price of HK$5.18. During the trading session, the share hit an intraday high of HK$4.6 and a low of HK$2.8, with total turnover of HK$346 million and latest market capitalisation standing at HK$1.405 billion.

On the sector front, the Hang Seng Specialty Retail Sector, to which LUNG FUNG GROUP belongs, showed an overall divergence trend, with 20 stocks advancing and 37 stocks declining.Among the gainers, SINOFORTUNE FIN closed higher by 25.93%, CENTURY GINWA closed higher by 25.53%, GOME RETAIL closed higher by 8.33%, YESASIA HLDGS closed higher by 5.61%, TATA HEALTH closed higher by 4.8%.Among the decliners, LUNG FUNG GROUP closed lower by 45.75%, QUANTGROUP closed lower by 33.16%, JIAHUA STORES H closed lower by 13.04%, ISP GLOBAL closed lower by 12.28%, NEW SPARKLEROLL closed lower by 12.2%.

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