Movement Alert|ZHAOJIN MINING Rises 3.04% in Regular Trading, Gold Sector Extends Rally on Central Bank Buying

Market Focus07-31

On July 31, ZHAOJIN MINING rose 3.04% in regular trading, trading at 21.56 HKD/share, with turnover of approximately 62.53 million HKD. The gold sector extended its recent strength with broad-based gains across individual stocks.

On the news front, the People's Bank of China increased its gold reserves for the 20th consecutive month, with holdings reaching 75.44 million ounces at end of June, up 480,000 ounces month-over-month. This sustained institutional demand continues to provide fundamental support for the gold sector. Within the Gold sector, Chifeng Gold rose 6.19%, Lingbao Gold rose 6.36%, SD Gold gained 3.48%, Zijin Mining advanced 3.26%, and Zijin Gold International climbed 2.71%.

On the company level, ZHAOJIN MINING recently completed the issuance of a 2 billion yuan science and technology innovation corporate bond, while its offshore gold mine project is expected to reach full production capacity and contribute at least 15 tons of annual gold output, which institutions have cited as providing long-term strategic allocation value.

(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.)

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