Movement Alert|ZIJIN MINING Rises 3.14% in Regular Trading, Gold Sector Rallies as Bullion Holds Above $4000

Market Focus08-05 09:49

On August 5, ZIJIN MINING rose 3.14% in regular trading, trading at 34.16 HKD/share, with turnover of HKD 221 million. The stock was lifted by a broad rally across the gold sector.

On the news front, international gold prices stabilized above the key $4,000 level, with continued central bank gold purchases providing floor support. Within the Gold sector, China Gold International surged 7.71%, Lingbao Gold gained 7.59%, and Zijin Gold International rose 4.01%.

On the fundamental side, the company forecast H1 net profit attributable to shareholders of RMB 39.1 billion, up 68% year-over-year, with mineral gold production reaching 47 tons, a 15% increase. Additionally, the company recently terminated its CA$5.5 billion acquisition of Allied Gold and instead subscribed for a 9.2% stake at CA$417 million, eliminating uncertainty from a large-scale M&A deal. Institutional sentiment remains constructive, with JP Morgan recently increasing its H-share holdings to 14.48% and UBS adding approximately HKD 449 million in shares.

(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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