On July 2, Chifeng Gold rose 6.01% in regular trading, reaching HKD 23.98 per share, with turnover of approximately HKD 59.60 million.

On the news front, the gold sector staged a broad-based rebound following nearly five months of consecutive decline. After spot gold broke below the key USD 4,000/oz psychological level, gold mining stocks had experienced severe selling pressure compounded by elevated Fed rate-hike expectations and a stronger US dollar. Chifeng Gold H-shares had previously corrected over 50% from their January high of HKD 49.90, with Zijin Mining's strategic acquisition resulting in an estimated unrealized loss of approximately RMB 6 billion. Short positions across the sector had become crowded, setting the stage for a technical rebound.

Within the Gold sector, China Gold International rose 7.76%, Lingbao Gold rose 6.02%, Zijin Gold International rose 4.86%, Zhaojin Mining rose 4.21%, and Zijin Mining rose 1.68%, reflecting broad sector recovery momentum.

(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.)