On July 23, ZIJIN GOLD INTL rose 3.64% in regular trading, trading at 122.9 HKD/share, with turnover of HKD 369 million. The rally was driven by regulatory progress on the company's major acquisition and continued strength across the gold sector.

On the news front, the company's approximately USD 4 billion all-cash acquisition of Canadian-listed Allied Gold Corporation recently received approval from Ethiopian regulatory authorities, with the transaction closing window approaching. Upon completion, the company's global gold mine portfolio will expand to 12 mines across 12 countries, elevating its overseas gold resource base and production scale to the industry's top tier.

The broader gold sector traded higher on the same day, with SD GOLD up 3.63%, CHINAGOLDINTL up 2.84%, and LINGBAO GOLD up 2.92%. Spot gold previously broke through USD 4,100, with central bank buying expected to provide floor support for gold prices. The stock had previously weakened after Q2 earnings declined 27% quarter-over-quarter, missing market expectations, but the M&A milestone and sector recovery have continued to lift sentiment.

(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.)