On June 18, CMOC Group (03993.HK) fell 3.09% in regular trading, trading at HK$18.81/share, with turnover of HK$506 million. The stock has been under sustained selling pressure following its sharp rally earlier this month.
On the news front, the company's A-shares had previously surged over 20% cumulatively across three consecutive trading days on June 11, 12, and 15, triggering an abnormal trading activity notice. The company announced that there is no material information that should be disclosed but has not been. Since hitting its recent high, the stock has seen consecutive sessions of decline as profit-taking pressure from short-term gains continues to unwind.
Meanwhile, the Diversified Metals and Mining sector is broadly weak today, with WANGUO GOLD GP down 7.59%, LYGEND RESOURCE down 6.38%, JIAXIN INTL RES down 5.77%, XIMEI RESOURCES down 4.97%, and MMG down 2.45%. The sector-wide downdraft has further weighed on the stock's performance through industry 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.)
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