Movement Alert|China Nonferrous Mining Rises 3.59% in Regular Trading, Copper Sector Extends Strength as Institutions Eye Oversold Recovery Window

Market Focus
07/06

On July 6, China Nonferrous Mining rose 3.59% in regular trading, trading at HK$12.96, with turnover of HK$19.55 million. The copper sector continued its recent strong momentum, driving broad-based gains across related stocks.

On the news front, Guojin Securities issued a research report stating that copper stocks are currently in a combination phase of low PE, high EPS resilience, and unrefuted commodity fundamentals. The institution noted that the nonferrous sector has entered an EPS-driven cycle, and the market is still pricing copper stocks under the macro valuation-killing framework of the past decade. Guojin Securities projects that August-September will serve as the primary window for oversold copper stock recovery, with strong price catalyst probability rising further around Q4.

The company reported Q1 net profit attributable to shareholders of USD 201 million, up 63% year-over-year, providing solid fundamental support. Within the Copper sector, Jiangxi Copper rose 2.9%, China Daye Nonferrous gained 2.15%, and Jinxun Resource edged up 0.13%.

(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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