Movement Alert|Shandong Gold Rises 3.01% in Regular Trading, Interim Dividend Announcement and Gold Price Stabilizing Above $4000 Boost Sector

Market Focus
07/22

On July 22, Shandong Gold rose 3.01% in regular trading, trading at HK$19.5/share, with turnover of HK$20.93 million.

On the news front, the company announced its interim profit distribution plan on July 21, proposing a cash dividend of RMB 1.00 per 10 shares (tax inclusive), with total expected cash distribution of RMB 461 million, representing 34.84% of net profit attributable to ordinary shareholders after deducting perpetual bond interest. The dividend payment date is set for September 18. Meanwhile, international gold prices stabilized above the $4,000 threshold, with spot gold trading at $4,014, providing price support for the gold sector.

Within the Gold sector, peers rallied broadly. Among individual stocks, Lingbao Gold up 7.62%, Zijin Gold International up 5.55%, Chifeng Gold up 5.84%, Zijin Mining up 4.7%, Zhaojin Mining up 3.54%.

(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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