On September 28, LINGBAO GOLD fell 5.28% in regular trading, trading at HK$19.61/share, with turnover of approximately HK$100 million.

On the news front, recent PMI data came in above expectations, further fueling rate hike expectations. The US dollar index held firm near the 100 level, while spot gold retreated under pressure, exerting systematic downward pressure on gold mining stocks. Fed Chair Waller had previously delivered a hawkish message, stating that rate hikes remain on the table if underlying inflation does not return to the 2% target at a sufficient pace.

The broader gold sector saw widespread declines, with SD GOLD down 8.2%, ZHAOJIN MINING down 4.74%, CHIFENG GOLD down 3.81%, ZIJIN GOLD INTL down 3.63%, and CHINAGOLDINTL down 2.79%.

LINGBAO GOLD reported H1 revenue of RMB 7.99 billion, up 2.51% year-over-year, with attributable profit of RMB 972 million, a 46.45% increase. The company is also pursuing a AUD 410 million acquisition of the remaining stake in Tabar Islands Holdings. The company is principally engaged in the mining, processing, smelting, and sale of gold and other metal products across China and Kyrgyzstan.

(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.)