On September 11, CMOC fell 5.36% in regular trading, trading at HKD 16.1 per share, with turnover of HKD 76.94 million. The broad sell-off came despite LME copper surging to a record high of USD 14,875 per ton on September 10.

On the news front, overnight global risk assets pulled back sharply, continuing to suppress sentiment across the Hong Kong non-ferrous metals sector. Escalating geopolitical tensions combined with renewed rate hike expectations weighed heavily on the Hang Seng Index and resource stocks. Within the Diversified Metals and Mining sector, declines were widespread: Zijin Mining fell 5.46%, MMG dropped 7.44%, Wanguo Gold Group declined 4.78%, Jiaxin International Resources lost 3.95%, and Xinxin Mining slid 4.42%.

CMOC reported robust first-half results on August 19, with net profit of RMB 16.152 billion, up 86.27% year-over-year, and revenue of RMB 135.32 billion, up 42.78%. A total of 14 institutions have assigned buy or overweight ratings with an average target price of RMB 22.87. However, near-term profit-taking pressure following the September 9 ex-dividend date and macro headwinds have continued to drag on the stock.

(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.)