** Shares of Luk Fook Holdings (International) fall 5% to HK$17.56, their lowest since November 2022
** Stock set for biggest one-day pct decline since April 12, on course to snap two consecutive sessions of gains
** The jewellery chain operator said its overall retail sales value increased 5% YoY for quarter ended March, but overall same store sales $(SSS.SI)$ fell 5% YoY, of which Hong Kong and Macau SSS fell 4% and mainland SSS declined 10%
** Bigger rival Chow Tai Fook Jewellery climbs 0.2%
** Hang Seng Consumption Index falls 1.3%, while Hang Seng Composite Index and Hang Seng Index both ease 1%
** Luk Fook shares down 14.8% YTD, Chow Tai Fook down 10.8% YTD
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
Comments