On July 7, MERDEKAGOLD-DRS declined 5.23% in regular trading, trading at HK$25.0 per share, with turnover of HK$25.20 million.

On the news front, the gold sector experienced broad-based weakness, with major peers including Zijin Mining falling 3.53%, Zijin Gold International down 4.64%, China Gold International declining 4.45%, Lingbao Gold losing 4.49%, and Zhaojin Mining dropping 3.57%, creating significant sector-wide headwinds.

Fundamentally, the company reported a net loss attributable to shareholders of US$10.93 million for the first quarter ended March 31, on revenue of just US$2.64 million. General and administrative expenses surged to US$7.70 million, while operating cash flow recorded a net outflow of US$24.89 million. The stock listed on June 26 at an offer price of HK$26.60, broke below issue price on its debut closing at HK$24.86, and has remained under pressure since.

(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.)