Movement Alert｜WANGUO GOLD GP Falls 3.87% in Regular Trading, Gold Price Pullback and Sector Weakness Weigh on Shares

Market Focus10-23

On October 23, WANGUO GOLD GP fell 3.87% in regular trading, trading at HK$11.55, with turnover of HK$7.7891 million.

The move was associated with a pullback in international gold prices after stronger-than-expected US inflation data intensified concerns over further policy tightening, while gold and broader metals shares remained under pressure.

Recent company disclosures showed interim revenue of RMB1.863 billion, up 50.2% year on year, and adjusted net profit of RMB994 million, up 49.3%. The Jinling mine expansion project is still advancing, but the latest trading was more heavily influenced by weaker gold prices and soft sector sentiment. In the Diversified Metals & Mining sector, ZIJIN MINING fell 3.51%, CMOC fell 2.36%, MMG fell 2.92%, JIAXIN INTL RES fell 1.35%, while LYGEND RESOURCE rose 1.93%.

(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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