More than half of the building materials stocks in the renovation sector have achieved growth. Trukee's stock price increased by 7.11%.

Beijing Business Today (reported by reporter Zhai Fengrui) On March 30, the home renovation materials sector rose slightly, closing at 16,907.20 points, up 0.74%. Driven by the sector, several home renovation materials stocks’ prices increased. Sansan Tree closed at 52.60 yuan per share, up 7.11%, leading the home renovation materials stocks. *ST Sitong closed at 8.76 yuan per share, up 5.04%, ranking second among home renovation materials stocks in terms of increase. Beixin Building Materials closed at 26.02 yuan per share, up 4.33%, ranking third among home renovation materials stocks in terms of increase. In addition, Songlin Technology closed at 34.53 yuan per share, down 6.37%, leading decliners among home renovation materials stocks. Dinggu Jichuang closed at 30.49 yuan per share, down 6.10%, ranking second among home renovation materials stocks in terms of decline. Hoolike closed at 15.22 yuan per share, down 5.76%, ranking third among home renovation materials stocks in terms of decline.

In a research report, Huafu Securities said that under the accelerating expectations for supply-side reform and “anti-involution,” the building materials production capacity cycle is expected to reach a turning point. Also, based on expectations, interest rate cuts will be beneficial to restoring homebuyers’ willingness to purchase. The government’s reserve acquisition and urban renewal initiatives will help restore purchase capacity. The expected marginal improvement in both homebuyers’ willingness and ability is anticipated to increase the probability that the fundamental conditions of the real estate market stabilize, and it may also help drive a recovery in demand in real estate’s downstream cycle.