On July 2, MERDEKAGOLD-DRS rose 5.84% in regular trading, trading at 26.32 HKD/share, with turnover of approximately HK$15.34 million. The stock approached its IPO offering price of HK$26.60, set during its June 26 Hong Kong listing.

The move was driven by a broad rally across the gold mining sector. Within the Gold sector, China Gold International surged 10.69%, Lingbao Gold gained 10.01%, Zijin Gold International rose 7.51%, Zhaojin Mining climbed 6.16%, and Zijin Mining added 2.55%.

MERDEKAGOLD-DRS listed on the Hong Kong Exchange on June 26 via depositary receipts at an offering price of HK$26.60, raising net proceeds of approximately HK$2.27 billion. The stock broke its IPO price on debut day, closing at HK$24.86, down 6.54%. The company reported Q1 revenue of US$2.64 million with a net loss of US$10.93 million, as its core Pani gold mine — the largest primary gold deposit in Indonesia — only began initial gold production in February. The mine is projected to rank among Asia's top two primary gold mines by output by 2030.

(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.)