On June 22, Shandong Gold Mining fell 3.36% in regular trading, trading at HK$20.46/share, with turnover of HK$37.58 million.

On the news front, spot gold prices dropped to a six-month low as multiple bearish factors converged. U.S. May CPI came in at 4.2% year-over-year, pushing the probability of a December Fed rate hike to 72%. A strengthening U.S. dollar and rising Treasury yields continued to suppress the valuation of non-yielding gold, placing broad pressure on the gold mining sector.

Within the Gold sector, all major constituents declined significantly. Among individual stocks, Lingbao Gold fell 5.88%, Zhaojin Mining fell 4.96%, Zijin Mining fell 4.8%, China Gold International fell 4.7%, and Zijin Gold International fell 2.74%.

Shandong Gold Mining Co., Ltd. is principally engaged in the exploration, mining, processing, smelting, and sales of gold and non-ferrous metals. The company operates through gold mining, refining, investment management, and trading segments across domestic and overseas markets.

(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.)