On July 9, Chifeng Gold (06693.HK) fell 3.56% in regular trading, trading at 26.98 HKD/share, with turnover of approximately 26.42 million HKD. The decline marks the fourth consecutive trading day of weakness since July 6, as profit-taking pressure continues following the stock's prior sharp rally.
On the news front, the company previously announced via the Hong Kong Stock Exchange that it was not aware of any undisclosed information explaining the recent unusual share price movement, confirming business operations remain normal and stable. Following this explicit denial of material undisclosed information, short-term profit-taking has persisted. Earlier, the stock had surged after the controlling shareholder cleared all share pledges and gold prices stood above $4,000 per ounce, with the A-share cumulative gain exceeding 20% over three consecutive trading days triggering an abnormal trading alert.
The broader gold sector faced selling pressure today. Within the sector, Zijin Mining fell 0.81%, Zijin Gold International fell 3.45%, Lingbao Gold fell 2.76%, Shandong Gold fell 3.74%, and Zhaojin Mining fell 2.97%. Chifeng Gold's decline remained among the steepest in the industry.
(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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