On August 11, JIAXIN INTL RES fell 5.39% in regular trading, trading at 61.25 HKD/share, with turnover of approximately HKD 159 million. The decline came amid broad-based weakness across the Diversified Metals and Mining sector.

Within the sector, major constituents saw significant losses: Zijin Mining fell 5.32%, Wanguo Gold Group dropped 5.24%, CMOC declined 4.98%, and MMG lost 3.75%, reflecting widespread selling pressure across the industry.

From a fundamental perspective, no company-specific negative catalysts were identified. JIAXIN INTL RES previously issued a profit alert projecting H1 net profit of approximately HKD 14.5 billion to 15.5 billion, representing a sharp turnaround from a prior-year loss. The company also launched a share buyback plan of up to HKD 200 million for H2, and UBS initiated coverage with a Buy rating and target price of HKD 88.7. The pullback is primarily attributed to sector-wide selling and profit-taking following substantial prior gains driven by tungsten price strength and positive company developments.

(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.)