On July 10, Chalco (02600.HK) rose 3.32% in regular trading, reaching HK$7.75 per share, with turnover of approximately HK$40.34 million.

On the news front, JPMorgan acquired approximately 12.69 million shares of Chalco on July 2 at an average price of HK$7.41, lifting its stake to 6.04% at a cost of roughly HK$93.99 million. Additionally, CICC issued a research note stating that pessimistic expectations for the aluminum sector have been excessively priced in, and the sector is poised for a rational recovery. UBS, while lowering its aluminum price forecast, maintained a Buy rating on Chalco, noting the current valuation sits at a historical trough of 5-6x price-to-earnings ratio. Barclays also recently raised its Chalco H-share stake above 5%.

The broader aluminum sector strengthened collectively, with China Hongqiao rising 3.18% and Nanshan Aluminum International gaining 2.28%. The institutional accumulation signals and valuation-floor arguments appear to be offsetting recent bearish headwinds from concerns over Middle East supply recovery and Goldman Sachs's earlier downgrade.

(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.)