Movement Alert|MMG Limited Falls 3.02% in Regular Trading, Strong Dollar and Seasonal Demand Weakness Continue to Pressure Copper Sector

Market Focus
06/10

On June 10, MMG Limited fell 3.02% in regular trading, trading at HKD 8.17 per share with turnover of HKD 33.05 million, extending its recent consecutive downward trend.

On the news front, the U.S. May non-farm payrolls added 172,000 jobs, far exceeding market expectations, while ADP employment data hit a 16-month high. The strong labor market data has continued to cool Federal Reserve rate cut expectations, with the U.S. Dollar Index running firmly above 99.4, exerting systematic pressure on USD-denominated base metals. Meanwhile, domestic copper consumption has entered a seasonal off-season with weakening demand support, keeping copper prices in a high-level consolidation pattern.

Within the Diversified Metals and Mining sector, the broader group traded lower. Among individual stocks, CMOC down 3.43%, Jiaxin International Resources down 4.61%, Wanguo Gold Group down 2.50%, Lygend Resources down 0.76%, and Zhihui Mining down 1.68%.

(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.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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