On August 13, SD GOLD fell 3.21% in regular trading, trading at 22.28 HKD/share, with turnover of 108 million HKD.
On the news front, international gold prices previously surged to a stage high of $4,435 before quickly pulling back. The daily chart printed a long upper-shadow candlestick, with RSI and other technical indicators entering severely overbought territory, triggering concentrated profit-taking by high-level longs and a technical correction across the gold sector.
Within the Gold sector where SD GOLD belongs, the sector declined broadly. Among individual stocks, LINGBAO GOLD down 5.46%, CHINAGOLDINTL down 5.33%, ZHAOJIN MINING down 3.43%, CHIFENG GOLD down 3.13%, ZIJIN GOLD INTL down 2.14%, reflecting significant sector-wide linkage effects.
(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.)
Comments