On July 28, JIANGXI COPPER fell 3.02% in regular trading, trading at 34.24 HKD/share, with turnover of approximately 27.28 million HKD. The copper sector broadly came under pressure, with peers declining in tandem.

On the news front, market expectations for a Fed rate cut continued to cool, pushing the US Dollar Index back above the 101 level. The stronger dollar weighed on USD-denominated base metals including copper. Additionally, the previously supportive Chilean mine shutdown disruption has gradually faded as its actual supply impact proved limited.

Meanwhile, according to Hong Kong Exchange filings, BlackRock reduced its long position in JIANGXI COPPER H-shares from 5.33% to 4.70% as of July 16. The institutional stake reduction intensified selling pressure on the stock. Notably, the company had earlier reported a positive profit alert for the first half, forecasting net profit growth of 80.86% to 103.61% year-over-year, reaching 7.55 billion to 8.5 billion yuan, though the strong earnings outlook has yet to offset the near-term macro and flow headwinds.

(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.)