On September 30, CHINA RES LAND fell 3.68% in regular trading, trading at 29.16 HKD/share, with turnover of HKD 229 million. The decline came as the broader real estate development sector saw a sharp pullback, with property stocks retreating after two consecutive sessions of gains.

The pullback follows a two-day rally during which CHINA RES LAND rose 3.07% and 3.87% respectively, driven by Beijing's implementation of new housing policy details and optimistic expectations around the peak selling season. Market participants attributed the reversal to short-term profit-taking across the sector. Within the Real Estate Development sector, weakness was broad-based: CHINA VANKE fell 11.03%, GREENTOWN CHINA dropped 7.84%, SUNAC declined 7.25%, CHINA OVERSEAS lost 5.68%, and CK ASSET slipped 0.60%.

JPMorgan noted that while near-term sentiment may remain supported by policy stimulus through the National Day holiday period, the sector could underperform again if ultimate policy intensity proves milder than expectations. The bank continues to favor CHINA RES LAND among its sector picks.

(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.)