Movement Alert|Chalco Falls 3.08% in Regular Trading, Aluminum Sector Extends Pullback as Profit-Taking Intensifies

Market Focus06-05 13:36

On June 5, Chalco (02600.HK) fell 3.08% in regular trading, trading at HKD 10.71/share, with trading volume of HKD 213 million.

On the news front, the aluminum sector continued its multi-day retreat as short-term profit-taking accelerated following a sharp rally. Chalco had previously surged — including a limit-up move on May 26 — driven by dual catalysts: Guinea's planned June export controls on bauxite and the company's upcoming inclusion in the Hang Seng Index on June 8. The accumulated gains triggered concentrated selling pressure from short-term holders.

Additionally, the company lowered aluminum ingot spot prices across regions on June 4, signaling near-term pricing softness. Net outflows from institutional investors totaled approximately RMB 9 billion over the past five trading days, further weighing on sentiment. Peer stocks declined in tandem, with China Hongqiao down 2.34% and Nanshan Aluminium International down 1.35%, reflecting broad sector weakness as the market digests prior gains ahead of key catalysts materializing.

(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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