Hong Kong stock movement: EPI (HOLDINGS) signs strategic cooperation agreement but drops over 16%, where is the market confidence?

Hong Kong Stock Movement EPI (HOLDINGS) fell over 16%. Based on recent news: On April 7th, EPI (HOLDINGS) signed a strategic cooperation agreement with the Haikou municipal government, aiming to leverage the opportunities presented by the Hainan Free Trade Port to deepen cooperation in cultural performance, technology, and tourism sectors. This news failed to boost market confidence, leading to a significant drop in stock price. No other important news recently. The market reacted lukewarmly to the cooperation agreement. Stocks with High Trading Volume in the Industry CNOOC rose 1.00%. Based on recent key news: On April 7th, China National Offshore Oil Corporation announced an extension of its buyback plan, demonstrating strong confidence in the company's future development, which drove the stock price up. Source: Jinshi Data On April 6th, the rise in international oil prices was overall beneficial for CNOOC, and it is expected to gradually reflect in the company's performance, boosting market confidence. Source: China Energy News On April 8th, international oil prices fell due to easing tensions in the Middle East, but CNOOC maintained good performance due to its advantages in deep-sea oil and gas development. Source: Zhitong Finance. The fluctuations in oil prices are significant and require attention to the situation in the Middle East. United Energy Group had a trading volume of HKD 18.92 million, with no important news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation. China National Petroleum Corporation rose 4.84%, with a trading volume of HKD 1.63 million, and no important news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation. Stocks with High Market Capitalization in the Industry China Energy Holdings had a market capitalization of HKD 757 million, with no important news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation