CMOC's stock plummeted 5.07% during intraday trading on Thursday, reflecting significant selling pressure.

The sharp decline was driven by a recent stake reduction by JPMorgan Chase, which disposed of approximately 2.139 million shares, and broad weakness across the diversified metals and mining sector. Several peers in the sector also faced selling pressure, compounding the negative sentiment.

Despite CMOC reporting strong first-quarter results, these sector-wide headwinds and the institutional share sale weighed heavily on short-term market sentiment, leading to the pronounced intraday drop.