On July 10, Chifeng Gold rose 3.2% in regular trading, trading at HK$28.66/share, with turnover of HK$67.41 million. The stock had weakened for four consecutive trading days since July 6 before staging today's stabilization and rebound.
On the news front, the latest Hong Kong Stock Exchange filings show that JPMorgan increased its holdings in the company by 422,400 shares on June 24 at approximately HK$24.17 per share, raising its total stake to approximately 16.60 million shares, or 7.01% of issued shares, with the transaction valued at roughly HK$10.21 million. Meanwhile, the People's Bank of China increased its gold reserves for the 20th consecutive month to 75.44 million ounces as of end-June, adding 480,000 ounces month-over-month, providing structural support for gold prices.
The broader gold sector saw a broad-based recovery today. Within the Gold sector, Lingbao Gold rose 8.27%, SD Gold rose 2.82%, China Gold International rose 2.70%, Zijin Mining rose 2.11%, and Zijin Gold International rose 0.50%.
(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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