Movement Alert|Shandong Gold Falls 3.12% in Regular Trading, Gold Sector Under Broad Pressure as Bullion Prices Continue to Adjust

Market Focus
06/04

On June 4, Shandong Gold (01787.HK) fell 3.12% in regular trading, trading at HKD 23.0/share, with trading volume of HKD 119 million.

On the news front, international gold prices continue their downward adjustment, compounded by escalating US-Iran geopolitical tensions that have further suppressed bullion prices, dragging the entire gold mining sector lower. The Shanghai Gold Exchange had previously reduced gold futures margin ratios and adjusted price limit thresholds. The Shenwan Precious Metals sector's 11 constituent stocks have averaged a 46% drawdown year-to-date, with Shandong Gold's A-share having retreated over 55% from its late-January peak, with market capitalization shrinking from nearly RMB 300 billion to approximately RMB 138 billion.

Within the Gold sector, declines were broad-based. Among individual stocks, Zijin Mining fell 3.21%, Zijin Gold International fell 4.16%, Lingbao Gold fell 3.59%, Zhaojin Mining fell 3.09%, and China Gold International fell 3.93%. Technical analysis indicates the stock remains in a bearish trend with sustained capital outflows.

(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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