STOCKS | Nongfu Spring Falls More Than 3%, Breaks Below 50-Day Moving Average

Nongfu Spring (09633) fell more than 3% on Monday, touching HK$41.68 and slipping below its 50-day moving average of HK$42.218, according to ETNet. The stock traded as high as HK$43.02 on volume of 2.9537 million shares, with turnover of HK$125 million. It had an active buy-sell ratio of 53:47 and net active buying of HK$6.3453 million. Nongfu Spring has now fallen for two straight sessions, down 4.2% over that period. At the time of the report, the Hang Seng Index was down 225 points, or 0.9%, at 25,341, while the Hang Seng China Enterprises Index fell 38 points, or 0.5%, to 8,474.