Movement Alert|ZIJIN MINING Falls 3.94% in Regular Trading, Gold Sector Under Broad Pullback Pressure After Multi-Day Rally

Market Focus07-24

On July 24, ZIJIN MINING fell 3.94% in regular trading, trading at HK$32.42/share, with turnover of HK$299 million. The decline came amid broad-based selling pressure across the gold sector following several consecutive sessions of strong gains.

The entire gold sector experienced a synchronized retreat, with Lingbao Gold down 4.01%, China Gold International down 3.88%, Zijin Gold International down 3.43%, and Zhaojin Mining down 3.36%. The pullback follows a period of robust performance during which ZIJIN MINING rallied approximately 10% over the prior three trading sessions, supported by JPMorgan increasing its H-share stake to 14.48% and the company's disclosure of 68% year-over-year profit growth to RMB 39.1 billion in the first half. The stock went ex-dividend on July 23 ahead of its RMB 0.42/share interim payout scheduled for August 21, adding a technical adjustment factor to the session's decline.

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