On May 28, Shandong Gold (01787.HK) fell 3.1% in regular trading, trading at HKD 24.32/share, with trading volume of HKD 9.35 million.
The decline comes amid a broad sector-wide pullback in gold stocks. On May 25, the US and Iran reached a ceasefire agreement in principle, with Hormuz Strait expected to resume navigation, sending international oil prices down over 5%. While the initial reaction on May 26 lifted gold stocks on weakened inflation expectations and a softer dollar, the fading of geopolitical risk premium is now weighing on the sector as safe-haven demand recedes.
Within the Gold sector, all major peers declined: Zijin Mining down 2.22%, China Gold International down 4.43%, Zijin Gold International down 3.3%, Lingbao Gold down 6.04%, and Zhaojin Mining down 2.96%. Technical indicators show the stock remains in a bearish trend with accelerating downside momentum, while capital flow data from recent sessions indicate sustained net outflows totaling over RMB 218 million over five trading days.
(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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