On July 15, Lingbao Gold fell 5.02% in regular trading, trading at HKD 15.25 with turnover of HKD 370 million. The stock gave back gains from the previous session, when it had rallied over 5% following a positive profit alert.

The decline was driven by sector-wide weakness as international gold prices continued to pull back. Spot gold previously lost the USD 4,080/oz level, pressured by rising inflation expectations fueled by the US-Iran conflict pushing up oil prices, combined with renewed Fed rate hike expectations. The broader gold mining sector fell in tandem, with Zijin Mining down 0.79%, Zijin Gold International down 3.74%, China Gold International down 4.51%, Zhaojin Mining down 2.75%, and Shandong Gold down 3.54%.

Notably, Lingbao Gold had disclosed a positive profit alert on July 13, forecasting H1 net profit of RMB 950 million to RMB 1.05 billion, representing a 42% to 57% year-over-year increase. However, the macro headwinds on gold prices overshadowed company-specific fundamentals.

(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.)