Movement Alert|Jiaxin International Resources Falls 5.19% in Regular Trading, Metals Sector Collectively Drops as Post-Rally Profit-Taking Persists

Market Focus06-25

On June 25, Jiaxin International Resources fell 5.19% in regular trading, trading at HK$66.3/share, with turnover of HK$39.11 million.

On the news front, the diversified metals and mining sector came under heavy selling pressure, with multiple sector constituents recording sharp declines. The stock had surged over 21% on June 22 following the implementation of the Mineral Resources Law Implementation Regulations — which designated tungsten among 36 strategic minerals subject to tighter extraction quotas and export controls — as well as PCB expansion driving tungsten rod demand and institutional upgrades on tungsten price outlook. Since that rally, the stock has recorded over 5% declines for three consecutive trading days as short-term profit-taking intensified and concentrated selling pressure continued to be released.

Within the Diversified Metals and Mining sector, the overall sector was broadly weaker. Among individual stocks, CMOC down 6.21%, MMG down 6.95%, Wanguo Gold Group down 9.16%, Lygend Resources down 7.07%, Ximei Resources up 3.98%.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment