Movement Alert｜Jiaxin International Resources Falls 5.67% in Regular Trading, Profit-Taking Extends After Prior 21% Surge Amid Sector Weakness

Market Focus06-26

On June 26, Jiaxin International Resources fell 5.67% in regular trading, trading at 63.0 HKD/share, with turnover of approximately 57.23 million HKD.

The Diversified Metals and Mining sector remains broadly weak, with CMOC down 1.29%, MMG down 2.43%, Wanguo Gold Group down 1.20%, and Ximei Resources down 2.86%, reflecting persistent sector-wide selling pressure.

The stock surged over 21% on June 22, driven by the formal implementation of the Mineral Resources Law Implementation Regulations listing tungsten among 36 strategic minerals, PCB capacity expansion boosting tungsten rod demand, and institutional upgrades to tungsten price forecasts. Since that surge, the stock has posted declines exceeding 5% for four consecutive trading sessions, indicating sustained profit-taking as short-term gains are being locked in. The sell-off pressure has not yet been fully exhausted.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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