Movement Alert|WANGUO GOLD GP Falls 3.4% in Regular Trading, Gold Prices Under Pressure at Highs Amid Sector-Wide Pullback After Fed Rate Hike

Market Focus09-21

On September 21, WANGUO GOLD GP fell 3.4% in regular trading, trading at HK$15.25/share, with turnover of HK$301 million.

On the news front, following the Federal Reserve's 25-basis-point rate hike in September, persistent energy-driven inflation has pushed U.S. Treasury yields higher, weighing on gold and silver prices at elevated levels. COMEX gold previously declined 1.95% over a single week, extending a systematic pullback across the precious metals sector. The stock had already doubled since early July and surged 4.48% on September 18, creating significant profit-taking pressure.

Within the Diversified Metals and Mining sector, peer stocks broadly declined, with ZIJIN MINING down 0.47%, CMOC down 0.38%, JIAXIN INTL RES down 2.23%, MMG down 0.91%, and LYGEND RESOURCE down 1.38%, reflecting broad-based sector weakness.

On the fundamentals side, the company reported H1 revenue of RMB 1.863 billion, up 50.2% year-over-year, with attributable net profit of RMB 905 million, up 50.7%. The Goldridge mine maintained a gross margin of 81%, and its expansion project continues to progress steadily.

(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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