On May 26, Chifeng Gold rose 3.33% in regular trading, trading at HKD 34.74/share, with trading volume of approximately HKD 153 million.
On the news front, the gold sector rallied broadly as spot gold prices surged 1.4% to USD 4,570/oz following substantive US-Iran negotiations in Doha, Qatar, where prospects of reopening the Strait of Hormuz triggered a nearly 7% plunge in oil prices, easing inflation concerns and weakening the US dollar index. Within the sector, Zijin Mining gained 4.37%, Zhaojin Mining rose 4.73%, and China Gold International added 2.97%.
Additionally, May 26 marks the record date for Chifeng Gold's annual dividend distribution of RMB 0.32 per share (tax inclusive), with the ex-dividend date set for May 27. Meanwhile, Zijin Mining's strategic investment via H-share placement at an adjusted price of HKD 29.82/share, totaling approximately HKD 9.2 billion, continues progressing through regulatory approval, providing further support for the stock.
(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.)
Comments