Movement Alert|MMG Limited Falls 3.02% in Regular Trading, Strong Dollar and Seasonal Demand Weakness Continue to Pressure Copper Sector

Market Focus06-10

On June 10, MMG Limited fell 3.02% in regular trading, trading at HKD 8.17 per share with turnover of HKD 33.05 million, extending its recent consecutive downward trend.

On the news front, the U.S. May non-farm payrolls added 172,000 jobs, far exceeding market expectations, while ADP employment data hit a 16-month high. The strong labor market data has continued to cool Federal Reserve rate cut expectations, with the U.S. Dollar Index running firmly above 99.4, exerting systematic pressure on USD-denominated base metals. Meanwhile, domestic copper consumption has entered a seasonal off-season with weakening demand support, keeping copper prices in a high-level consolidation pattern.

Within the Diversified Metals and Mining sector, the broader group traded lower. Among individual stocks, CMOC down 3.43%, Jiaxin International Resources down 4.61%, Wanguo Gold Group down 2.50%, Lygend Resources down 0.76%, and Zhihui Mining down 1.68%.

(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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