On July 24, CMOC fell 3.46% at open, trading at 17.0 HKD/share, with turnover of approximately 396.52 million HKD. The diversified metals and mining sector came under broad selling pressure, with Wanguo Gold Group down 5.32%, Jiaxin International Resources down 3.62%, and MMG down 3.89%, reflecting a notable cooling of bullish sentiment across the sector.

The stock had rallied for three consecutive sessions with a cumulative gain exceeding 10%, driven by copper inventory drawdowns, molybdenum prices hitting near three-year highs, and a strong half-year earnings forecast of 15.5 to 16.5 billion yuan in net profit (up 79%-90% YoY). The sharp prior rally intensified short-term profit-taking pressure. Additionally, the Hong Kong Stock Exchange disclosed that JPMorgan reduced its position by approximately 3.194 million shares on July 15 at 15.784 HKD per share, lowering its stake to 5.92%, sending a cautious signal from institutional investors at elevated price levels.

(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.)