Movement Alert｜ZIJIN MINING Falls 3.46% in Regular Trading, sector weakness offsets recent earnings and acquisition updates

Market Focus10-26 09:34

On October 26, ZIJIN MINING fell 3.46% in regular trading, with shares trading at HK$28.12 and turnover at HK$129 million.

The company disclosed on October 23 that first-nine-month revenue rose 11.51% year over year to RMB283.453 billion, while attributable net profit increased 51.93% to RMB57.526 billion. Third-quarter revenue was RMB89.274 billion, up 3.22%, and third-quarter attributable net profit reached RMB18.356 billion, up 25.97%. The same period also saw completion of its acquisition of control in Chifeng Gold, lifting its holding to 25.85%.

Despite those updates, the broader Diversified Metals & Mining group was weak on October 26, with peer names also under pressure, including WANGUO GOLD GP falling 4.37%, CMOC falling 2.46%, MMG falling 2.06%, LYGEND RESOURCE falling 1.37%, and JIAXIN INTL RES falling 0.91%.

(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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