On July 28, CHALCO fell 3.24% in regular trading, trading at 8.05 HKD/share, with turnover of approximately 77.06 million HKD. The decline came amid broad-based weakness across the aluminum sector.
The stock retreated despite a series of positive catalysts. Parent company China Aluminum Group recently announced plans to increase its holdings by 10-20 billion RMB within 12 months through both the Shanghai and Hong Kong exchanges, with ICBC Beijing committing up to 1.8 billion RMB in dedicated loans to fund the purchases. Additionally, JPMorgan increased its stake by approximately 5.67 million shares on July 21 at around 7.90 HKD per share, raising its holding to 6.12%. The company also issued strong H1 guidance, forecasting net profit of 11.2-12.2 billion RMB, a 58%-73% year-on-year increase.
Within the Aluminum sector, the overall sector weakened. Among individual stocks, RUSAL up 3.31%, XINGFA ALUM flat, NANSHAN AL INTL down 1.74%, CHUANGXIN IND down 2.02%, CHINAHONGQIAO down 2.16%.
(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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