On July 31, JIANGXI COPPER rose 3.25% in regular trading, trading at HK$34.86/share, with turnover of HK$78.26 million.
On the news front, the company recently completed its first tranche of medium-term notes for M&A purposes, raising a total of RMB 2.5 billion to support its acquisition strategy. The company had previously obtained approval to register medium-term notes totaling up to RMB 15 billion. This follows the company's positive profit alert for the first half, projecting net profit attributable to shareholders to grow 80.86% to 103.61% year-over-year, reaching RMB 7.55 billion to RMB 8.5 billion.
The rebound also reflects technical recovery demand after consecutive pullbacks driven by a stronger U.S. dollar and BlackRock's reduction of its H-share stake from 5.33% to 4.70% on July 16. Multiple positive catalysts converged to support the share price recovery.
(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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