CHIFENG GOLD's stock price plummeted 5.10% during intraday trading on Wednesday.
The sharp decline is primarily driven by two factors. First, the stock went ex-dividend for its 2025 annual cash distribution of RMB 0.32 per share, leading to a corresponding technical adjustment in its share price. Second, the broader gold mining sector faced significant selling pressure. This sector-wide weakness stems from rising U.S. Treasury yields, which have strengthened the U.S. dollar and suppressed dollar-denominated gold prices. Furthermore, increased market expectations for a Federal Reserve interest rate hike have added downward pressure on valuations across gold-related equities.
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