Movement Alert|CHALCO Falls 3.01% in Regular Trading, BlackRock Reduces Stake Amid Sector-Wide Weakness

Market Focus08-06 13:06

On August 6, CHALCO fell 3.01% in regular trading, trading at HKD 8.395/share, with turnover of HKD 242 million.

On the news front, BlackRock reduced its long position in CHALCO H-shares from 11.21% to 10.47% as disclosed on the Hong Kong Exchange, reflecting the global asset manager's latest position adjustment as of July 31. Earlier, JPMorgan also sold approximately 8.919 million shares at around HKD 8.59 per share. The consecutive reductions by major international institutions have weighed on market sentiment.

The aluminum sector faced broad-based selling pressure, with China Hongqiao down 2.5%, Chuangxin Industry down 2.9%, and Nanshan Aluminum International down 2.17%, amplifying individual stock declines through sector resonance. Despite the company forecasting record first-half net profit of RMB 11.2 to 12.2 billion, representing 58% to 73% year-over-year growth, and its controlling shareholder launching a RMB 1 to 2 billion share buyback plan, the stock has accumulated over 25% in losses year-to-date, with the gap between earnings expectations and valuation yet to be resolved.

(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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