Movement Alert｜LINGBAO GOLD Falls 5.37% in Regular Trading, Gold Price Pullback and Sector Weakness Weigh on Shares

Market Focus10-26

On October 26, LINGBAO GOLD fell 5.37% in regular trading, trading at HK$15.75, with turnover of HK$22.09 million.

The move coincided with broad weakness across Hong Kong gold miners after stronger-than-expected US inflation data increased concerns about further policy tightening, leading international gold prices to retreat from recent highs and putting pressure on the sector.

Peers also declined, including CHIFENG GOLD falling 8.06%, CHINAGOLDINTL falling 4.80%, ZIJIN GOLD INTL falling 4.62%, SD GOLD falling 4.42%, and ZHAOJIN MINING falling 3.02%. Separately, market attention has remained on LINGBAO GOLD's previously announced acquisition of the remaining stake in the Simberi gold mine for about A$410 million, equivalent to roughly RMB1.993 billion, as investors monitor the deal's funding burden alongside weaker operating cash flow in its latest interim results.

(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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