Movement Alert|CMOC Group Falls 3.02% in Regular Trading, Sector-Wide Pressure Compounds Fading Rebound Momentum

Market Focus
06/04

On June 4, CMOC Group (03993.HK) fell 3.02% in regular trading, trading at HK$18.94/share, with trading volume of HK$19.04 million.

On the news front, the Diversified Metals & Mining sector faced broad-based selling pressure, dragging down the stock after a brief two-day rebound in early June. The company had previously experienced a cumulative decline of over 6% following its ex-dividend adjustment on May 26, when it distributed a cash dividend of RMB 0.286 per share totaling over RMB 6.1 billion. The subsequent two-session recovery appears to have lost momentum, with the current pullback reflecting exhausted technical repair demand combined with renewed sector headwinds.

Within the Diversified Metals & Mining sector, Lygend Resource down 6.2%, MMG down 3.68%, Wanguo Gold Group down 1.85%, Jiaxin International Resources down 0.38%, while Ximei Resources up 0.61%.

The company reported Q1 net profit growth of 96.65% year-over-year, and multiple institutions maintain a Buy rating with an average target price of RMB 25.66.

(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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