Stock Track | China Nonferrous Mining Plummets 5.06% Intraday on Profit-Taking and Restricted Share Unlock

Stock Track05-15

CHINFMINING (01258) stock plummeted 5.06% during intraday trading on Friday, marking a significant downward movement for the mining company.

The decline follows profit-taking pressure after the stock had rallied over 9% across two trading days earlier in the week, driven by strong Q1 results. Additionally, the company recently unlocked 2.45 million restricted shares for market circulation, representing 0.86% of total share capital, which increased short-term supply and contributed to selling pressure.

The broader copper sector also exhibited widespread weakness during the session, with several major copper companies experiencing declines, reflecting industry-wide selling pressure that further weighed on CHINFMINING's performance.

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